News
Polaris Bank Seeks Dismissal of Criminal Charge Against MD
Polaris Bank has asked the Niger State High Court in Minna to dismiss a criminal charge filed by the Niger State Internal Revenue Service against its Managing Director.
The charge alleges the bank failed to provide information about customers who applied for foreign exchange. The bank, through its lawyer Usman Sule (SAN), argued that the court lacks jurisdiction and called the charge an abuse of court process.
Polaris Bank argued that the criminal charge in Minna overlaps with an ongoing case at the Federal High Court, Abuja (Suit No: FHC/ABJ/CS/120/2023) involving 21 banks and 16 states.
The Niger State Internal Revenue Service (NIRS) had filed a First Information Report (Case No: NSHC/MN/18/24) against Polaris Bank and its MD, alleging failure to provide tax-related customer information.
Justice Maimuna Abubakar of the Minna High Court vacated the arrest warrant for Polaris Bank’s Minna Branch Manager but upheld the warrant for the Managing Director over alleged tax information non-disclosure.
The case has been adjourned, with the next hearing date to be announced.
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
