Business FIRS Shuts 4 Companies In Lagos Over N2.6Bn Tax Debt

The Federal Inland Revenue Service (FIRS) yesterday sealed the offices of construction giant Costain West Africa Plc, First Deepwater Discovery Limited, CAT Construction Group Limited and OPI International Limited, all in Lagos.

Costain West Africa Plc alone is alleged to be owing N2bn in Company Income Tax (CIT), Value Added Tax (VAT) and other taxes.

First Deepwater Discovery Limited, located at 20, Ogunlana Drive, Surulere, allegedly has tax liabilities of N230m, made up of withholding tax, education tax and VAT, while the tax liabilities of CAT Construction Group Limited, located at 20C Ogunlewe Street, off Ligali Ayorinde Street, Victoria Island, were put at N176m.

According to Daily trust, a top management staff of OPI pleaded with the enforcement team to grant the company an extension of the grace period for the resolution of its tax liabilities.

However, Anita Erinne, leader of the FIRS enforcement team, was said to have ignored pleas and ordered the office sealed after she had ordered the staff out of the office.
“I have to carry out the directive as I have been directed,” said Erinne.


Source: Dailytrust
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