Home Sectors BUSINESS & ECONOMY FIRS Close Drug Firm, Others Over N306m Debt

FIRS Close Drug Firm, Others Over N306m Debt

The Federal Inland Revenue Service (FIRS) yesterday shut another set of tax defaulting companies, in Abuja, Lagos and Sango-Ota over outstanding N306.82 million debts.

In Abuja, the FIRS team sealed Bolingo Hotels and Towers at the Central Business District for an outstanding tax of N24,4million, which was accumulated from 2002.

But the enforcement team, led by Bukar Umar Gana, could not locate Etat Consulting Limited in Abuja, which has a liability of N32.4million. The amount includes company income tax, withholding tax and education tax.

In Lagos, FIRS sealed the offices of the Nigerian German Chemicals Limited, on Oba Akran Avenue, Ikeja, over a tax debt in excess of N146.6 million. Also affected is Trident Marketing Limited, Ajao Road, Ikeja, which is said to be indebted to the tune of N90.8 million.

In Sango-Ota, Ogun State, the enforcement team shut Allied Atlantic Distilleries Limited, which owes over N45 million.

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