Case Law

ANAMBRA STATE GOVT ‘PUNISHED’ FOR SEALING GTBANK’S BRANCHES OVER STAMP DUTIES REMITTANCE: WHERE THE COURT GOT IT WRONG

The Story On 13 January 2022, Anambra State Government (ANSG) sealed four branches of Guaranty Trust Bank Ltd (“GTBank” or “GTCO”), across the State. This was over an alleged failure of GTCO to remit stamp duties to the Anambra State Internal Revenue Service (AIRS). The Stamp Duties Act was recently amended. The amendment introduced a […]