43-_thumb_largeOyeyemi B. Adu, a?Concerned Customer of Nigeria’s?Stanbic IBTC Bank PLC,?Herbert Macaulay Branch on the?Herbert Macaulay Street has reported what he described as ?’Corporaate Fruad’ he identified with the operations of the bank.

According to?Oyeyemi B. Adu the?bank deducted tax from interest income accruing to him through his fixed deposits from May 2013 to February 2014, but the bank never forwarded to him any Certificate of Payment issued by the Tax Authority as evidence of the tax payment.

Below is a letter in possession of spyghana written by??Oyeyemi B. Adu to the bank requesting evidence of all the tax payments made.

 

24th March,? 2014

?The Branch Manager,

Stanbic IBTC Bank PLC
Herbert Macaulay Branch

Herbert Macaulay Street,

Yaba – Lagos,

Nigeria?

Your bank deducted tax from interest income accruing to me through my fixed deposits from May 2013 to February 2014, but your bank has never forwarded to me any Certificate of Payment issued by the Tax Authority as evidence of tax payment.

I now look forward to receiving Certificate of Payment issued by the Tax Authority in respect of tax that your bank deducted from my interest income or in the alternative, credit back to my account? the value of tax deducted from my interest income.

Stanbic IBTC Bank PLC is just another Nigerian financial institution that is deeply rooted in sharp practices and I seriously hope that in no distant future, this bank would start operating according to international best practices and bring to an end the manipulation & exploitation of customers which have become the rule of? practice in this backward State and criminal haven called Nigeria.

My telephone numbers are? +234-8182000159 & +234-8057706541

I look forward to hearing from you.

Thank you.

Yours Sincerely,

Oyeyemi B. Adu

Concerned Customer

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