Wed. Nov 20th, 2024
Kaduna Electric

By Adedapo Adesanya

The Kaduna State Internal Revenue Service (KADIRS) has sealed the Kaduna Electricity Distribution Company (KAEDCO) headquarters over a N600 million tax liability.

Speaking to newsmen after the exercise in the early hours of Friday, the Executive Chairman of KADIRS, Mr Jerry Adams, said the operation was an execution of a court order to restrain KAEDCO over the liability due to the state.

Mr Adams explained that the N600 million tax liability was from 2015 to 2022 after a reconciliation with KAEDCO. He noted that the energy firm agreed to pay a substantial amount of the liability.

The executive chairman, however, lamented, “Till this moment, since last year that the liability was established, KAEDCO has not met what it committed to do.

“We are backed by the law to seal and take over their premises in order to ensure compliance, and that is what we executed this morning, “he said.

Mr Adams called on other businesses, individuals, corporate organisations, and the public to ensure voluntary compliance with tax payments.

Kaduna Electric was privatised on December 4, 2014. Located in the North-Western part of Nigeria, it has a distribution license to serve customers in 4 states of Kaduna, Kebbi, Sokoto and Zamfara covering 84 LGAs.

The Disco has an estimated 800,009 customers from an estimated 2+ million households.

By Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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