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HomeNewsEconomyFIRS shuts firms over N735m tax debt

FIRS shuts firms over N735m tax debt

The Federal Inland Revenue Service (FIRS), yesterday, sealed the premises of tax-defaulting companies in Lagos, Owerri and Port Harcourt.

In Port Harcourt, the Rivers State capital, the FIRS enforcement team shut the offices of Fiddil Commercial Company at Trans-Amadi area of the city over tax liabilities totalling N150.52 million, which was accumulated between 2010 and 2015.

A statement made available to New Telegraph said the enforcement team, on arrival at the premises, met the Chief Security Officer, who gave his name as Mr. Omoni, and also informed the team that the director of the company would be informed of the development.

However, when the FIRS team gained entrance into the premises, the chief executive officer came out of hiding to explain that the company had not been conducting business.

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He, however, said he had made arrangements to pay before the enforcement team’s arrival.

The 12 workers, who were on duty, were, however, asked to vacate the premises before sealing it off.

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