N6.9bn Debt: UBA, Anambra Government Move To Settle Rift  

Raymond Ozoji, Awka
The Anambra State Government and United Bank of Africa PLC (UBA) are currently working on amicable settlement on the N6.9 billion unpaid tax arrears established by the court as debt owed the state government.
Chairman and Chief Executive Anambra Internal Revenue Service Dr. David Nzekwu disclosed this to our correspondent at the Revenue House Awka On Wednesday.
He said UBA has paid N600 million to the state government out of the N6.9 billion debt and that both parties were still in talks.
Nzekwu said government applied human face to the issue and both parties had a truce which according to him led to the resumption of business in Anambra shortly after the court ordered the closure of all UBA branches across the state recently.
Meanwhile, further attempts to ascertain the postition of the bank from one of its branch managers in Awka did not succeed because the person who is said to be the branch manager of the UBA branch at Aroma junction Awka refused to introduce himself to the journalist saying that any staff member who spoke with journalists on the matter would be sacked and legal actions instituted against the individual. He added that it was only the headquarters of UBA that has the authority to speak on the matter.

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