Defaulters

Akinsanya announced a task force team that would monitor the implementation of the directives while also warning various parks and garages executives to ensure compliance, stating that sanctions would be meted on defaulters.

As a rule, the EFCC does not issue arrest warrant on loan defaulters.

For instance, the thromde can strictly monitor the gutter line and the inspection chambers, and penalise the defaulters.

Pal said that the IMC is going to seal properties of big tax defaulters.

Presently, the defaulters have to make late payments of the pending amount with 18 per cent interest.

The defaulters of electricity bills should also cooperate and pay their arrears early so that the country can be brought out of the current crisis.

Defaulters were given two weeks from November 26 to pay for their C-of-O.

It warned that defaulters caught would be prosecuted.

Any uncharged insolvents, wilful defaulters, fugitive economic offenders and the like will also not be eligible.

Even though KRA says no penalties will meted on defaulters during the transition period, late payment will attract a 5% penalty whereas late filing will attract a 5,000 shillings penalty per month.

Finance Minister Nirmala Sitharaman has rebutted Congress' allegations on wilful defaulters, bad loans and write-offs, saying the grand old party was trying to mislead people in a brazen manner.

He further asked present defaulters to take advantage of the voluntary offshore assets regularisation scheme implemented by the Federal Government to regularise the declarations of their assets abroad.

In-dining is still prohibited and a few defaulters in this regard will be shut down and prosecuted.

Pointing out that the Force has already had to deal with some defaulters, Brutus revealed that there have been instances where persons are still opening businesses when they should be closed.

The Ministries of the Presidency and Natural Resources were among the defaulters.

According to the RBI’s Master Circular on wilful defaulters, once the bank declares a borrower wilful defaulter, no additional funding facility should be granted by any bank to the listed wilful defaulter.

Acting Town Clerk Sharon Harry Munroe says since public notices were published in the Newspapers about property tax defaulters, the council has been able to rake in some amount of arrears.

As collection agents, the banks were directed to make specific deductions from alleged tax defaulters' accounts and pay such over to the FIRS in full or partial payment of the alleged tax debt.

At a press conference here, the Congress spokesperson Abhishek Manu Singhvi alleged connivance between the RBI and the government for not disclosing the list of 100 biggest loan defaulters.

He said by virtue of the enabling SON Act, Act 14 of 2015, it confers on the Customs more power and ability to place stiffer penalties on defaulters.