FIRS seals Capital Oil, others over Tax evasion

The Federal Inland Revenue Service (FIRS) yesterday resumed its enforcement, shutting down tax-defaulting companies in Lagos and Owerri, Imo State.

In Lagos, where two FIRS enforcement teams worked in Apapa, the premises of Capital Oil Plc at 28 Creek Road were shut.

The company’s workers were ordered out of the premises by the team, led by Anita Erinne. The company is owing N30million, which it said it was ready to pay immediately. However, that was not possible because banks had closed. The FIRS team shut the company’s gates.

Also in Apapa, the FIRS visited Folawiyo Energy Trading Company on Creek Road. But the company, which the FIRS reckons is owing N450million in company tax for 2013 to 2015, maintained that it is owing only last year’s. The FIRS team did not seal the company, but advised its management to clear the matter at the FIRS office in Ikoyi. Also in Lagos, the FIRS enforcement unit visited the offices of MAKON Engineering and Technical Services Limited, at 11, Babatunde Anjos Street, Lekki Phase 1.

However, the team, which was prepared to lock up the company, changed its mind after the company’s Chief Financial Officer, Lanre Anafi, agreed to pay its N26 million tax debt.

The team, led by Emeka Obiagwu, FIRS Director of Enforcement, departed the premises after reaching a firm understanding with the company that the debt would be defrayed before the close of work on Monday. Culled from Naija247news