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Access Bank Plc says it has paid N240m in tax to the Kaduna State Government in demonstration of its commitment to the amicable resolution of a tax dispute between it and the state.
A statement on Saturday by Charles Igbinidu said Access Bank had dragged Kaduna State before the Tax Appeal Tribunal to challenge the state’s demand for N618,191,008.91.
The statement, however, said the parties had commenced moves to settle the dispute amicably, hence the decision by Access Bank to pay Kaduna State N240m.
The statement was titled, ‘Tax Disputes: Access Bank Seeks Amicable Resolution, Pays N240m to Kaduna State’.