FIRS Seals 4 Firms in Lagos, PH over N630m Tax Debt

July 18, 2017
FIRS Seals 4 Firms in Lagos, PH over N630m Tax Debt

FIRS Seals 4 Firms in Lagos, PH over N630m Tax Debt

By Dipo Olowookere

Four companies in Lagos and Port Harcourt in Rivers State were yesterday sealed by officials of Federal Inland Revenue Service (FIRS).

The affected firms were shutdown over their failure to meet their tax obligations totalling N630 million.

The sealed firms were Charcoal and Spices Restaurant Limited, GRA, Port Harcourt; Cioscon Nigerian Limited at 14 Aba Road, Port Harcourt; Joza Global Service at 18, Ribadu Road, Ikoyi, Lagos; and Spog Petrochemicals Limited situated at 50d, Glover Road, Ikoyi, Lagos.

Leader of the FIRS enforcement team in Port Harcourt, Mrs Anita Erinne, disclosed that the companies would be unsealed as soon as they clear their outstanding bills.

She said Charcoal and Spices Restaurant Limited owes N12.4 million, while Cioscon Nigerian Ltd owes N479.2 million.

For the Lagos firms, Joza Global Service has tax debt of N30.6 million, while Spog Petrochemicals Limited is to pay N105.5 million debt.

The affected companies have been warned not to remove the FIRS seal without approval or risk being prosecuted for another offence.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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