The firm claimed that the manipulation of its account and delay in issuing its tax clearance certificate prevented it from participating in bids for several businesses leading to severe economic losses and embarrassment. Nigeria
The Federal Inland Revenue Service has admitted that it received a purported over-bloated turnover of Biatemp Ventures Limited account from First Bank Plc.
It also alleged that the bank manipulated its domiciliary account with over-bloated turnover of N2.4 billion, whereas the deposit to the account within the period was only $22,475 or N786, 000. The plaintiff added that the deposit and withdrawal of over $6.8 million were enlarged mirror of the $22,475 deposited into its account by its client for consultancy services and withdrawn by its CEO.
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