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The Oyo State Government has sealed a branch of Guarantee Trust Bank (GTB) in Bodija area of Ibadan, Oyo State capital.

Officers of the Oyo State Internal Revenue Service said they sealed the bank because of its “inability” to pay tax to the Oyo State government.

The task force team from the Oyo State Internal Revenue Board Service visited the bank on Wednesday afternoon and ordered its immediate closure, with a seal.

Oyo News gathered that the bank failed to respond to several demand notices by the Agency to pay their accumulated tax.

Further investigations revealed that the board had a court order which empowered it to seal the bank.

By oyonews

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