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Business & Finance

FIRS Shuts Glo Offices Over N24.3bn Tax Fraud

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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.
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.
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.

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