The Federal Inland Revenue Service on Tuesday locked up the premises of Express Petroleum and Gas Company Limited at 11, Babatunde Jose Road, Victoria Island, Lagos over tax liabilities totaling N17,922,731.45.
Led by Emeka Obiagwu, the Director of Enforcement, the FIRS team also visited the office of Vas Nigeria Limited at 20A, Ologun Agbaje Street, Victoria Island, Lagos over unpaid taxes amounting to N26,247,856.
However, the management of the company promised to pay at least N7 million before noon on Tuesday.
The enforcement team left the company, but warned that if the company fails to pay by 4pm, it will return to shut down its premises.
At Niger Insurance Plc office at 48/50 Odunlami Street, Lagos Island, the management also presented a proof of the payment of N10 million out of its tax debt of N317,353,710.
The payment, made last week, convinced the team to extend the company’s grace period.
The company also promised to pay a large slice of what remains before the end of this week.
Trending
- Minister summons Lead British International School over bullying allegation
- Sex scandal : We won’t oppose any sanction against lecturer -UNN-ASUU
- Sanwo-Olu unveils EKO CARES
- UNN suspends lecturer for alleged sexual misconduct, begins probe
- Oyo LG honours Archbishop Ladigbolu, names road after late father, Akee Obayanritan
- Kogi Assembly blasts EFCC, demands removal of ‘wanted’ from Yahaya Bello’s name
- Zamfara: Passengers overpower bandits, kill one, seize two AK-47 rifles
- Aston Villa confirm new Unai Emery contract until 2027