Business

Tax debts: FIRS shuts firms in Ilorin

1 Mins read

From Kayode Abdulazeez.

The Federal Inland Revenue Service (FIRS), ramped up its tax enforcement drive when its teams shut down premises of companies with tax liabilities in Ilorin, Kwara state’s capital.

The team visited Kwara Hotels, where its new management, Integrated Services Limited, explained that it was neither aware that the previous management had an N10.5million tax liability nor of correspondences between the hotel and the FIRS.

The argument ended when a call was put to the FIRS headquarters, which confirmed the existence of the hotel’s tax liabilities. The new management then signed an undertaking to reach the previous management and revert to the FIRS within 30 days.

Also in Ilorin, the FIRS team visited Henry George Company Limited, which owes a little over N2million. But the company escaped being shut having paid a part of money the previous day and its officials were headed to the bank to pay the balance while the enforcement team was in their premises

   

About author
Time Nigeria is a general interest Magazine with its headquarters in Abuja, the nation’s Capital.
Articles
Related posts
BankingBusinessCover StoryEconomyFinanceNews

Fidelity Bank Grows Gross Earnings by 46% to ₦748.7 billion for H1 2025

1 Mins read
Fidelity Bank Plc has announced its audited financial results for the half-year ended 30 June 2025, demonstrating resilience and sustained growth across…
BankingBusinessCover StoryEducation

Fidelity Bank Reaffirms Commitment to Girl Child Empowerment, Honours Young Trailblazers with N1 Million Cash Prizes

2 Mins read
“Each year, this day reminds us of the limitless potential within every girl, potential that must be nurtured, celebrated and given a…
BankingBusinessCover StoryNews

UBA Empowers Next Generation of Leaders as 700 Youths Join GMAP Initiative

2 Mins read
Africa’s Global Bank, United Bank for Africa (UBA) Plc, continues to demonstrate its commitment to youth empowerment and leadership development as 700…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com