Tax debt: FIRS seals companies in Lagos, Port Harcourt

The Federal Inland Revenue on Monday shut down tax-defaulting companies in Lagos and Port Harcourt, the Rivers State capital.

Affected by the enforcement exercise, led by Anita Erinne, were LASACO Assurance Plc headquarters at Acme Road, Ogba Lagos; and MTS Nigeria Limited, situated at 9, Ladipo Oluwole Street, Off Adeniyi Jones, Ikeja.

LASACO was sealed over a tax liability of N278.5 million, while MTS got its gates locked for owing N169.6 million.

Equally affected by the exercise in Lagos was Sterling Assurance, situated at 284, Ikorodu Road.

The company was sealed for having tax liabilities of N44.8 million.

Others were Fatmark International Limited, which owes N16 million, and LC Divine Link Limited owing N13.6 million.

In Port Harcourt, the FIRS team, led by Umar Gana, sealed three hotels.

These are Randolph Hotels and Resorts at 101, Old Aba Road, which has a tax debt of N41.032million; Titie Hotels, which owes N17.8 million; Sasun Hotels Limited, owing N149.6 million.

The team equally shut down operations at BMA Nigeria Limited, situated at 7, Bolo Street, Port Harcourt.

The company is said to have an aggregate tax liability of N69.2 million.