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Home Business News

FIRS has just closed these companies down

Emmanuel Abara Benson by Emmanuel Abara Benson
April 19, 2018
in Business News
TUNDE FOWLER, EXECUTIVE CHAIRMAN, FEDRAL INLAND REVENUE SERVICE

Tunde Fowler Executive Chairman, Federal Inland Revenue Service, FIRS.

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The Federal Inland Revenue Service (FIRS) has shut down about nineteen companies in three states of the federation over unpaid taxes. The operation took place across three states namely Lagos, Rivers and Delta.

In Warri, Delta State, over six establishments were sealed off on Monday. Some of the companies that were affected in the city include- West African Pumping Service, Bridge View Hotel, Golden Tulip Hotel, and Sam-Pira International Limited, etc.

On Tuesday, an FIRS team led by  Mrs. Anita Erinne sealed off at least three companies in Port Harcourt, Rivers State. The companies are- Octopus Clan Nigeria Limited, DSV Pipetronix Limited, and Red Transport Logistics. These companies owe ₦198,775,513.55, ₦99,814,873 and ₦1,918,764,246

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Meanwhile, between Tuesday and Wednesday, the FIRS team also closed down about seven companies in Lagos. Some of the affected companies are-  Seabulk Offshore Operations Nigeria Limited which owes about ₦34.546m and De Rembrandt Hotel which owes ₦34.60m.

Others include associated Port and Marine Development Company (₦12.5m), Kunoch Limited (₦34.3m), Jinhua Group (N3.1bn), Anisha Enterprises (₦24m), and  Citeco Global (₦99m).

The affected companies, some of which have owed taxes since 2014, were advised to pay their taxes to avoid further sanctions.

We are not punishing you. Once you comply with payments, we will come and unseal -Mrs. Anita Erinne

The Federal Inland Revenue Service is a Federal Government agency which was initially established as a colonial tax organisation under the name Inland Revenue Department of Anglophone West Africa. The department’s scope of administration covered Nigeria, Ghana, Sierra Leone and the Gambia.

In 1943, the Nigerian Inland Revenue Department was carved out of the Inland Revenue Department of Anglophone West Africa and established as an autonomous body under the supervision of the Commissioner of Income Tax.

 


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Tags: Federal Inland Revenue Service FIRS
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

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