N700 Million Tax Debt: FIRS Clamps Down On Lagos, PH Firms

By Ikenga Chronicles February 16, 2018

N700 Million Tax Debt: FIRS Clamps Down On Lagos, PH Firms

The Federal Inland Revenue Service has clamped down on four companies in Port Harcourt and Lagos for refusing to pay their tax which amounts to the tune of N700m.

One of the companies shutdown by the FIRS enforcement team in Port Harcourt, SC Industrial Gas Manufacturers Limited, is situated at 61 Aba Road. It was sealed for its alleged failure to remit Value Added Tax of N425,530,587.00 collected on behalf of the government between 2014 and 2017.

Also in Port Harcourt, the premises of Halden Nigeria Limited, located at Trans-Amadi Layout; Steve Integrated Technical Services Limited, Oil Field Services, Engineering and Equipment Leasing and Stemco Limited at Woji Road, GRA, were all sealed.

While ABB Nigeria Limited on Metalbox road, Ogba was sealed in Lagos for allegedly owing N125.164m, a claim its administrative manager disputed.

Other companies shutdown are Great Bakis Limited, which reportedly owes N38.458m; Boluke Pharmacy in the Agege area of Lagos, N62.239m; and Resort Savings and Loans Plc, which allegedly has a tax debt of N74.8m.

Similar exercises were also carried out in other parts of the country.

A multi-billion naira company, African Textile Management Limited, was among the four firms that were sealed up by the FIRS in Kano for non-payment of tax liabilities totalling N130,567,230.88 during an enforcement exercise carried out on Tuesday.

Other affected firms were Dumma Company Limited, situated at the NNPC Depot, Hotoro Quarters, which allegedly owed N24,415,762.88 in Company Income Tax; Dennis Auto Supply Company Limited, with a tax debt of N62,628,604.68; and A.Y and B Nigeria Limited, a construction firm in Abuja with a branch office in Kano, which allegedly was indebted to the tune of N29,962,982.32.