The House of Representatives Committee on Finance has summoned the management of Access Bank Plc over the bank’s tax records.
According to the Chairman of the committee, Abdulmumin Jibrin, who said the committee has already forwarded letters of invitation to Access Bank and other affected institutions ahead of the investigative hearings, the bank is to be investigated for tax evasion.
The investigative hearing would commence after the two-week break that commenced last Thursday.
“After preliminary investigation, we have been able to establish that Access Bank Plc has a lot of inconsistencies in its tax remittances over several years. There is a huge inconsistency in their annual returns, audited accounts and financials.
“As a matter of fact, in some instances they were found to have concealed their balance sheet and even doctored it to evade taxes,” Jibrin said.
JD:Let see how this goes,remembere the MD of this bank is in the Presidents economic team