Friday 13 May 2016

Nigerian tax officers shut down Glo offices over alleged N23 Billion Tax fraud

                         
The Federal Inland Revenue Service on Wednesday came hard on a major telecommunications company, Globacom Limited by shutting its offices in Lagos for failure to remit N24.3bn in Value Added Tax.
Globacom is one of the companies owned by Otunba Mike Adenuga,one of Africa’s richest people, according to Forbes.Some years ago,the head office of Con Oil, another major business concern of Adenuga was also shut down by Federal tax officers from Federal Inland Revenue over alleged tax invasion.
FIRS also did not spare Erin Petroleum Nigeria Limited, formerly known as Camac Petroleum Li
This comes after FIRS served the companies a six-week notice earlier given to them to pay up.
The embarrassing drama was led by FIRS, Director of Enforcement, Mr. Emeka Obiagwu who stormed the work stations to seal the offices.
The affected offices are Globacom Towers, located on Mike Adenuga Close; GloWorld, on Adeola Odeku Street; and another service station at 17, Saka Tinubu Street; all on Victoria Island, Lagos.
At Erin Petroleum, the FIRS team ordered the workers to vacate the server room, administrative room and other offices.mited, as its offices was also closed for not remitting N107.3m and $10.6m.
SOURCE-Gistmaster

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