Connect with us

Business

Drama as FIRS seals companies over tax debts

Published

on

FILE PHOTO: FIRS seals Nicon Luxury Hotel over tax debt

The Federal Inland Revenue Service, on Wednesday, continued it tax enforcement exercise in Lagos, shutting down offices of companies owing a variety of taxes.

The FIRS enforcement, led by Mr. Umar Bukar Gana, visited the premises of Ace Products and Services, situated at 20, Sanni Ashmiu Close, Awoyaya, Lagos, which has a tax debt of N157.3 million.

However, staff of the company refused to open the gate for members of the team despite properly identifying themselves as FIRS officials.

The refusal to open the gates lasted about 15 minutes, after which policemen attached to the team forced the gates open for Gana to order company staff out of the premises for the company to sealed.

The team also visited Globasure Technology Limited at 10, Ashabi Adewale Close, Lekki Phase 1, Lagos.

Advertisement

The company is indebted to the tune of N36.5 million, accumulated between 2007 and 2014 assessment years.

The company’s managing director admitted that the organisation is owing, but an unspecified amount he claimed was below what the FIRS said it owes.

He appealed to the team for more time, blaming the failure to pay on the harsh economic situation in the country. His plea was, however, ignored and the company was shut.

Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2015 - 2024 ChronicleNG

Discover more from Chronicle.ng

Subscribe now to keep reading and get access to the full archive.

Continue reading