FIRS Shuts More Firms for Tax Default

Evaluation of Public Accountability and Tax Culture among Tax Payers in Nigeria
  • FIRS Shuts More Firms for Tax Default

The Federal Inland Revenue Service on Friday continued its crackdown on tax-defaulting companies in Abuja.

The FIRS enforcement team, led by Zubairu Usman, sealed off the offices of Dayak Nigeria Limited, located at Idu Industrial Layout in Area One part of the city, according to a statement.

The company allegedly has a Value Added Tax liability of N41,535,829.47 owed between 2013 and 2016.

However, R.T Communications, with an alleged tax liability of N106,408,475.00, could not be located at its registered address.

Ceezali Limited, located at Thaba Tseka Street, which was thought to owe N14,603,941.00, presented evidence of payment and was not sealed.

Earlier in the week, the FIRS had shut Ace Products and Services Limited located at 20, Sanni Ashimu Close, Ologun Bus stop, Awoyaya, Lagos, over an alleged tax debt of N157.562m.

On Tuesday, the team sealed off Finchglow Travels Agency at 25, Ademola Street, Ikoyi, Lagos, over an alleged tax debt of N30.553m. Other firms sealed include Westcom Technologies at 18 A, Onikepo Akande Street, Lekki Phase I, Lagos, which reportedly owed N25.978m; and Globasure Technologies Limited at Plot 10B2, Lekki Phase I, Lagos, which was also said to owe N34.572m in tax debt.

On Monday, four companies in Lagos and Port Harcourt were shut over their alleged failure to meet their tax obligations totalling N630m.

The affected firms include Charcoal and Spices Restaurant Limited, GRA, Port Harcourt; and Cioscon Nigerian Limited of 14 Aba Road, Port Harcourt.

The leader of the FIRS enforcement team, Mrs. Anita Erinne, sealed both companies after showing a warrant to officials of the firms.

Charcoal and Spices Restaurant Limited allegedly owed N12,388,979.50, while Cioscon Nigerian Limited was said to have a tax liability of N479,203,464.43 from 2014 to 2016, which it had allegedly failed to remit.

Erinne told the defaulting firms that their premises would be unsealed when they cleared their outstanding tax bills.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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