Fayose threatens to shutdown banks over tax, imposes N1,000 levy on slaughtered cow

Akinade Adepoju
Akinade Adepoju
Gov. Ayodele Fayose of Ekiti State

Ekiti State Governor, Ayodele Fayose, has threatened to close down four commercial banks in the state over their alleged refusal to pay several millions of naira as taxes to government coffers.

Faye who disclosed this on Monday during a parley with retirees in Ado Ekiti, the state capital said that he had obtained a court order to shut down the affected banks, wondering how some banks shortchanged government despite making huge profits from the state.

He warned the affected banks and other businesses owing government to pay up within days or face his wrath.

Fayose also reiterated his decision to make all private nursery, primary and secondary schools in the state pay newly-imposed taxes before resumption by middle of September.

Each of the private schools is expected to pay N150,000 into government coffers before reopening for the new academic session.

Similarly, anybody who purchases one cow to be slaughtered for any occasion will now pay N1,000.

Fayose also announced that he is targeting haulage vehicles passing through the state as taxes would now be imposed on them to generate revenue into government purse.

He pleaded with the pensioners to be patient with him, saying he had been battling with the debt left behind by the immediate past administration and promised to meet their demands as soon as financial situation improved.

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