Close Menu
Chronicle.ng
    Trending Stories
    Crowd awaits Fubara’s return at Rivers government house

    Rivers: Fubara’s supporters disappointed as gov fails to show

    September 18, 2025
    Police arrest pastor seen flogging unclad children in viral video

    Police nab Islamic cleric with human flesh in Oyo

    September 18, 2025
    ADC exempts Peter Obi, El-Rufai from defecting from LP, SDP

    Obi abandoned Shiloh, churches after losing 2023 election – Bwala

    September 18, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Rivers: Fubara’s supporters disappointed as gov fails to show
    • Police nab Islamic cleric with human flesh in Oyo
    • Obi abandoned Shiloh, churches after losing 2023 election – Bwala
    • Peter Obi not a true labour leader – Daniel Bwala
    • Atiku says lifting Fubara’s suspension not worth celebrating
    • Rivers: Ibas bows out, hands over to Fubara
    • Wike commends Tinubu for reinstating Fubara, ending emergency rule in Rivers
    • Sanwo-Olu mourns as Lagos fire kills 10, pledges safety reforms
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Thursday, September 18
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    FIRS seals two companies over N8bn tax debt

    Chronicle EditorBy Chronicle EditorFebruary 14, 2018No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Facebook Twitter WhatsApp
    FILE PHOTO: FIRS seals Nicon Luxury Hotel over tax debt

    Two companies in Delta and Edo were sealed on Wednesday by officials of the Federal Inland Revenue Service, FIRS, over N8 billion tax debts.

    The Leader of the enforcement team, Mrs Anita Erinne, said the companies were sealed over failure to remit over N8 billion taxes payable to the Federal Government.

    She said that one of the affected companies (name withheld), located in Uvwie Local Government Area of Delta, was indebted to the tune of N121 million.

    She also revealed that the other defaulting company in Edo owed the government N8.1 billion.

    The team leader tendered separate ‘Warrant of Distraints’ signed by the FIRS Chairman, Mr Tunde Fowler, to the companies to justify the exercise.

    READ: Stopping corruption don’t go away overnight – Tinubu

    According to her, Section 3 of FIRS (Establishment) Act, No.13 of 2007 and Section 44(2) of the Constitution of the Federal Republic of Nigeria 1999 empowers the FIRS to close any defaulting company.

    “No member of staff or anybody should remove the FIRS seals until the companies paid their debts.

    “Any attempt to do that, the company will be liable to a tune of N200,000 as a fine to the government,” she warned.

    Erinne, however, advised companies to comply with the tax laws and remit their taxes promptly to avoid being sealed.

    The News Agency of Nigeria (NAN) reported that the FIRS in 2017 netted N3.2 trillion in 10 months, an amount that represented 79.35 per cent of its target for the year.

    The Chairman of the Service, Mr Babatunde Fowler, then expressed readiness of his personnel to help Federal Government in blocking revenue leakages and increase collection of taxes payable to the government.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Crowd awaits Fubara’s return at Rivers government house

    Rivers: Fubara’s supporters disappointed as gov fails to show

    Police arrest pastor seen flogging unclad children in viral video

    Police nab Islamic cleric with human flesh in Oyo

    ADC exempts Peter Obi, El-Rufai from defecting from LP, SDP

    Obi abandoned Shiloh, churches after losing 2023 election – Bwala

    Lagos LP chair tells Obi to 'pause and reflect' amid declining political clout

    Peter Obi not a true labour leader – Daniel Bwala

    Obidients have urged Atiku Abubakar to abandon his presidential ambition in 2027 and support Obi for the ADC presidential ticket.

    Atiku says lifting Fubara’s suspension not worth celebrating

    Ibas says 'I’ve achieved Tinubu’s mandate on Rivers'

    Rivers: Ibas bows out, hands over to Fubara

    Add A Comment

    Comments are closed.

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Crowd awaits Fubara’s return at Rivers government house

    Rivers: Fubara’s supporters disappointed as gov fails to show

    September 18, 2025
    Police arrest pastor seen flogging unclad children in viral video

    Police nab Islamic cleric with human flesh in Oyo

    September 18, 2025
    ADC exempts Peter Obi, El-Rufai from defecting from LP, SDP

    Obi abandoned Shiloh, churches after losing 2023 election – Bwala

    September 18, 2025
    Lagos LP chair tells Obi to 'pause and reflect' amid declining political clout

    Peter Obi not a true labour leader – Daniel Bwala

    September 18, 2025
    Obidients have urged Atiku Abubakar to abandon his presidential ambition in 2027 and support Obi for the ADC presidential ticket.

    Atiku says lifting Fubara’s suspension not worth celebrating

    September 18, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.