Business
FIRS Seals Two Lagos Firms Over Unpaid Taxes
- FIRS Seals Two Lagos Firms Over Unpaid Taxes
The Federal Inland Revenue Service on Monday sealed the premises of two companies for their alleged failure to pay taxes.
The FIRS enforcement team, led by the Assistant Manager, Legal, Ruth Mandeun, according to a statement by the agency, sealed Giandan Nigeria Limited, situated at 21 Ladoke Akintola Street, Ikeja GRA, over tax debts totalling N47.779m, and Justeen International Limited over a debt of N24.779m.
Speaking after the exercise, Mandeun said the defaulting companies would be reopened only after they had cleared their tax arrears.
She stated, “It is quite upsetting for us to close down companies, but we just have to perform our lawful mandate. The two companies that were closed down today clearly defaulted in paying their taxes and they are fully aware of the repercussions.
“They will get to be reopened, but that is after they have cleared up their debts.”
She added that the FIRS was committed to ensuring that all individuals and corporate entities pay their taxes promptly.