The Federal Inland Revenue Service (FIRS) Thursday shut down the Abuja Head offices of Nicon Insurance plc and other businesses owned by Barrister Jimoh Ibrahim over tax liability in excess of N6.2 billion.
FIRS tax enforcement team arrived both NICON Insurance plaza at the Central Business District and Nicon Luxury Apartment at Area 11 Garki about noon Thursday. The two businesses concerns the tax authorities said are defaulting in payment of Company Income Tax (CIT) and Value Added Tax.
At NICON Insurance plaza, staff of the insurance company were ordered out of the premises by FIRS tax enforcement team while the main entrance to the plaza was shut. The tax team however listened to complaint of other tenants operating offices within the plaza and created alternative an entrance for them.
At Nicon Luxury hotel, where a crucial meeting of Peoples Democratic Party (PDP), Concerned stakeholders meeting was taking place, when the team swooped on the hotel their presence caused partial disruption to PDP meeting. The gathering was given up to 3pm to finish the session by FIRS tax enforcement team.
When contacted, FIRS spokesperson Wahab Gbadamosi said the shutdown of the two businesses concerns was part of nationwide enforcement by FIRS for tax compliance.
