FIRS seals companies In Lagos, Port Harcourt

The Federal Inland Revenue (FIRS) has shut down tax-defaulting companies in Lagos and Port Harcourt, the Rivers State capital. Affected by the enforcement exercise led by Mrs. Anita Erinne were LASACO Assurance Plc headquarters in Lagos; and MTS Nigeria Limited, Ikeja.

LASACO was sealed over an alleged tax liability of N278.5 million, while MTS got its gates locked for allegedly owing N169.6 million.

Equally affected by the exercise in Lagos was Sterling Assurance, sealed for allegedly having tax liabilities of N44.8 million. Others were Fatmark International Limited, which allegedly owes N16 million and LC Divine Link Limited, which owes N13.6 million. In Port Harcourt, the FIRS team, led by Mr. Umar Gana, sealed three hotels. These are Randolph Hotels and Resorts at 101 Old Aba Road, which allegedly has a tax debt of N41.032 million; Titie Hotels, which allegedly owes N17.8 million; Sasun Hotels Limited, allegedly owing N149.6 million.

The team equally shut down operations at BMA Nigeria Limited, Port Harcourt allegedly with an aggregate tax liability of N69.2 million.