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Business & Finance

Tax Debt: FIRS Shuts Lafarge Cement Company in Port Harcourt

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The Federal Inland Revenue Service from Abuja stormed Rivers State on Monday and sealed off Lafarge in Onne, Port Harcourt for alleged tax evasion.

The cement company was sealed for allegedly failing to pay over N10m in taxes.

The leader of the FIRS team, Mrs. Ruth Mandeun, warned their managements to pay the outstanding taxes to allow for the reopening of the firms.

Mandeun also cautioned the managements of the company not to forcefully open the seals and padlocks used in locking up the premises.

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She explained that Lafarge, one other firm, IGPES in Port Harcourt defaulted through the non-remittance of their Value Added Tax, Company Income Tax, Withholding Tax, Education Tax and late return penalty.

The leader of the FIRS team stated that while IGPES began to default in the remittance of taxes in 2011, Lafarge had not paid taxes since 2012.

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