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Home » BUSINESS REPORT » NEWS FLASH || FIRS IN LAGOS SHUTS DOWN HOSPITALITY OUTFIT OVER NGN351M TAX DEBT

NEWS FLASH || FIRS IN LAGOS SHUTS DOWN HOSPITALITY OUTFIT OVER NGN351M TAX DEBT

The Diplomat Hotel was shutdown by the men of FIRS in Lagos over a N351million tax debt.

FIRS boss, Babatunde Fowler

FIRS boss, Babatunde Fowler

The Federal Inland Revenue Service, FIRS, has sealed the Diplomat Hotel, located at 1, Shonnyway Street, Shonibare Estate, Maryland, Lagos, over a N351 million tax debt.

Bukar Gana, head of the FIRS enforcement team, stated on Tuesday, December 13, 2016 that the hotel owes taxes between 2012 and 2016.

The hotel customer care manager, who didn’t give his name, said they were concerned about the debt.

Also in Lagos, the team closed the premises of Island Power Limited, a power generating company, situated 1 Cable Street, Lagos.

The company owes N132.5million accumulated between 2012 and 2014.

The administrative department was sealed off, leaving only the power plant because of the essential services it provides to organisations.

The team team visited Consertive Estimate Limited, situated at 15, Fatai Irawo Street, Papa Ajao, Lagos, which has a tax debt of N15.8 million.

However, the company was said to have relocated over four months ago.

The exercise equally took place in Port Harcourt, Rivers State, where the FIRS team led by Mrs. Anita Erinne, shut Universal Insurance, which owes N82.1million in income tax.

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