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Lagos: LIRS shuts nine companies over N21.59m tax evasion
The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government.
The Director, Legal Services of the LIRS, Mr Seyi Alade, made this known while speaking with the News Agency of Nigeria (NAN) during a state-wide tax law enforcement exercise by the Service in Lagos on Thursday.
Alade said that the tax liabilities of the companies were between 2013 to 2019, saying the firms were audited for the periods but had not made the payment.
He explained that the tax liability of three of the firms were for the period between 2013 to 2014, while four firms were between April to July 2019 and the other two were for the period between May to August 2019.
He also said the affected companies failed to pay the established liabilities despite `the long rope’ the agency gave them to regularise their tax status.
He listed some of the sealed firms to include Krizions Intercontinental Cuisine, Mikacomic Nigeria Ltd., Resolution Finance Ltd., Vlelable Lounge and Oleander Water view Bistrodeva Ltd.
Others were, Printing Connections Ltd., Seven Season Lounge Ltd., VicJames Apartment and Carat 24 Business Hotel & Suites.
Alade said that LIRS sent several notices to the affected companies to remind them of their tax liabilities and the need to make payments before the agency embarked on an enforcement exercise.
He explained that the Demand Notice and the Letter of Intention were sent to the affected companies between Nov. 15, 2018 and Sept. 16, 2019 respectively.
“Before LIRS embarks on Distrain exercise, it must have sent at least two letters of notices to the management of the affected firms reminding them of the tax liabilities.
“The Demand Notice expiration is 30 days while the Letter of Intention expires seven days after issuance.
“So, before now both the Demand Notice letter and the Letter of Intention to distrain have been sent to the management of the firms which they failed to act on,” he said.
Alade, however, said that some of the affected firms had visited the LIRS office to make payments of their liability after the distrain/enforcement exercise and had equally paid an additional N100,000 as the cost of LIRS levy of the distress.
“There are no hiding places for recalcitrant taxpayers because the LIRS’ enforcement engine is now well oiled to continually carry out enforcement activities against recalcitrant companies and individuals,’’ he said.
He advised that Lagosians should partner with the government by carrying out their civic and constitutional responsibilities of filing their tax returns and promptly pay their assessed taxes in order for the good plans of government for the state to materialise.
Alade said that the LIRS had made tax compliance very easy for the taxpayers by the recent launch of the Electronic Tax platform.
He explained that through the platform, taxpayers could file their tax returns from the comfort of their homes and offices and also make relevant tax payments.
Alade urged taxpayers to make use of the platform for their comfort and ease of compliance with their various tax obligations.
He noted that being outside the tax net may prove detrimental to recalcitrant citizens who might not be able to access their bank accounts and other activities without obtaining the Tax Identification Number (TIN).
He, however, implored taxpayers to be mindful of the annual statutory dates of Jan. 31 for Companies and March 31 for individuals to file their tax returns.
Alade warned that the Agency was poised to prosecute anyone that fail to file tax returns within the statutory dates, saying that the offence could also result to custodial sentences upon conviction.
Also speaking, Mrs Kate Clinton, a Managing Partner of Seven Season Lounge Ltd., claimed that the company objected to the tax liability given to it.
According to her, the company is still working toward providing the necessary documents to justify our objection, which we have not been able to provide before LIRS came to shut down the company.
Breaking
Senator Ifeanyi Ubah dies at 52
The Senator representing Anambra South in the National Assembly, Ifeanyi Ubah, is dead.
Ubah, who was the Chief Executive Officer of Capital Oil, was said to have died in a hotel in London, the United Kingdom, on Saturday.
He would have been 53 on September 3.
Senate spokesperson, Yemi Adaramodu, confirmed Ubah’s death to our correspondent on Saturday.
He said, “It’s confirmed, but I am sending an official statement soon.”
Ubah, who was re-elected into the 10th Senate under the Young Peoples Party, had last year defected to the All Progressive Congress.
In September 2022, Ubah escaped assassination when he was attacked by gunmen on his way to Nnewi in Enugwu-Ukwu in Anambra State.
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JUST IN: Edo state Assembly impeaches Deputy Governor Shaibu
The Edo State House of Assembly, on Monday, impeached the state’s Deputy governor, Comrade Philip Shaibu.
The impeachment followed the adoption of the report of the seven-man investigative panel set up by the Assembly to probe allegations of misconduct against Shaibu.
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JUST IN: Olubadan of Ibadanland, Oba Lekan Balogun joins ancestors at 81
The Olubadan of Ibadanland, Oba Lekan Balogun has joined his ancestors after a brief illness.
He joined his ancestors at the age of 81.
It was gathered that the late monarch was taken to the hospital Wednesday morning having stayed indoor throughout Tuesday on account of slight malaria fever, though, he was hail and hearty on Monday during which he personally received few guests that paid him congratulatory visits on his second year anniversary on that day.
Making this announcement was the Baba-Kekere Olubadan and his younger brother, Dr Kola Balogun in a statement by the Personal Assistant (Media) to the late monarch, Oladele Ogunsola.
According to the statement, Dr. Balogun disclosed that Oba Balogun would be buried at his Aliiwo ancestral home by 4.00pm on Friday according to Islamic rites just as he said that the State Governor Seyi Makinde, though already verbally informed, would be formally notified early in the morning.
The late Olubadan was the first most educated to have emerged as Ibadan monarch, a British trained P.hd holder, a former university lecturer, former member of management staff of Shell British Petroleum, former gubernatorial candidate of the defunct Nigeria People’s Party, NPP, former Senator and a successful business man.
His last official outing was the Olubadan Advisory Council’s meeting which he presided over last Saturday where the decision to derobed Mogaji Akinsola, Olawale Oladoja was taken.
He however, on Tuesday instructed the Ekerin Olubadan, Oba Hamidu Ajibade to midwife a small committee to deliberate on last Friday’s decision on what should be the position of Ibadan Zone in the proposed newly reconstituted Oyo State Council of Obas and Chiefs.
The decision of the small committee was earlier on Thursday ratified by the Olubadan Advisory Council at a meeting presided over by Otun Olubadan and the former governor of Oyo State, High Chief Rashidi Ladoja and was to be taken to the late Oba Balogun for his signature Friday morning so as to meet the deadline for submission to the state Commissioner for Local Government and Chieftaincy Matters later in the day.
The late Olubadan is survived by wives, children and grandchildren.
Announcing the passage of the monarch, Governor Makinde, in a statement, stated that Olubadan, who joined his ancestors late Thursday evening at the University College Hospital, UCH, Ibadan, described him as an epitome of royal excellence and a great achiever, who made great marks on Ibadanland in just a little over two years of his reign.
He expressed his condolences to the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland and Oyo State, praying to God to grant repose to the soul of the deceased monarch.
Makinde said: “With total submission to the will of God, I announce the passing unto glory of our father, His Imperial Majesty, Oba Dr. Mohood Lekan Balogun, Alli Okunmade II, the 42nd Olubadan of Ibadanland.
“A mighty Iroko has fallen; Oba Dr. Balogun has joined the ancestors.
“In Kabiyesi, Ibadanland had a cosmopolitan and well-experienced Olubadan, who made indelible marks on the sands of history and achieved greatly within a short while.
“On behalf of the Government and good People of Oyo State, I condole with the immediate family of the Oba Dr. Balogun, the Olubadan-in-Council, the Oyo State Traditional Council and the people of Ibadanland.
“It is my prayer that God grants repose to the soul of our late monarch.”
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