FIRS shuts businessman’s company, Capital Oil over N30M tax debt

The staff of the company were also reportedly evicted from the premises despite saying that they were ready to pay off the debt.

Ifeanyi Ubah,  the chairman of Capital Oil and Gas

Ubah’s company was shut on Monday, June 27, 2016, by an FIRS enforcement team, according to Sahara Reporters.

“We assessed and gave them notice of what they owe as tax. They did not respond to our communication. This was followed up with two separate reminders,” FIRS enforcement team leader, Chinazo Udeh said.

“Thereafter, a demand notice was sent to them with all these largely ignored. After the expiration of the one month window following the final notice, we were left with no option but to enforce the law,” he added.

The company is yet to issue an official statement on the incident.


Eyewitness? Submit your stories now via social or:


Recommended articles

NRC to begin Sunday service on Lagos-Ibadan railway

Buhari greets Reps Speaker, Gbajabiamila at 59

Buhari appoints Jime as Executive Secretary of Nigerian Shippers Council

Sanwo-Olu rewards Ajunwa with 3-bedroom flat 25 years after her Olympic feat

President Buhari allocates 3-bedroom houses to 1994 Super Eagles squad

President Buhari is off to London again to keep a date with his doctors

Gbajabiamila celebrates birthday mate Gov Sanwo-Olu at 56

Reps accuse Polaris Bank of suspicious dealings over $300m NNPC deposit

Ondo University students protest over rape, armed robbery by hoodlums