Pulse.ng logo
Go

FIRS Niger Insurance pays N10M as oil company gets shut

According to sources, the management presented a proof of the payment of N10million out of its tax debt of N317, 353, 710.

  • Published:

Management of the Niger Insurance Plc ensured the head office at 48/50 Odunlami Street, Lagos Island, escaped being sealed by the enforcement team of the FIRS team.

According to sources, the management presented a proof of the payment of N10million 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.

However, the office of Express Petroleum and Gas Company Limited, located on 11, Babatunde Jose Road, Victoria Island, Lagos was locked up over tax liabilities totaling N17, 922, 731.45.

ALSO READ: FIRS targets N4.9 trillion tax revenue in 2016

Led by Emeka Obiagwu, Director of Enforcement, the Federal Inland Revenue Service (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.

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.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.

X
Advertisement