South East Business Owners: Group Cries Out Over Freezing Of Accounts

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BY EMMANUEL MGBEAHURIKE, Owerri The Coalition of South East Youth Leaders, COASEYL, has condemned in strong terms, alleged cases of freezing of accounts

The Coalition of South East Youth Leaders, COASEYL, has condemned in strong terms, alleged cases of freezing of accounts and business accounts belonging mostly to South East, contending that such an action runs counter to the spirit of the unity of the country.

Importers of ethanol pay excise duties and import duties which translates into double taxation even when it is not advisable to pay excise as an importer. It explained that the FIRS is by law duly mandated to see to the transaction of taxes and revenue all over the federation, and is not by law mandated to go about it selectively as may remind a certain section of the country of the civil war and the decades following – 1970s!

The Group recalled that the South East does not boast more or much of federal presence unlike other geo-political zones and cities yet a city like Aba has today an edifice of the FIRS.

 

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