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Federal Inland Revenue Service Punish Glo Over Tax Fraud

Bridget by Bridget
May 12, 2016
in local, News
Reading Time: 1 min read
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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. 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.

FIRS also did not spare Erin Petroleum Nigeria Limited, formerly known as Camac Petroleum Limited, as its offices was also closed for not remitting N107.3m and $10.6m. 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.

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