Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


15 companies shut over N66.2m tax evasion

23 November 2012, 16:08

Lagos - Mrs Coker Afolayan, Head, Distrain Unit of Lagos State Internal Revenue Service, on Friday said that 15 companies had been sealed for non-remittance of taxes amounting to N66. 2 million.

 Afolayan told the News Agency of Nigeria (NAN) in Lagos that the revenue service sealed the seven defaulting companies within seven days.

She said that the companies owed the Lagos State Government N66.2 million deducted as personal income tax of workers.

``The sealing happened between Nov.15 and Nov. 21, `` she said.

Afolayan said that it was a crime against the state not to pay taxes when due.

``Payment of tax is a civic responsibility that everyone must honour.

``And it is a major source of government revenue that will determine its degree of functionality and effectiveness in meeting its stated objective,” Afolayan said.

She advised all companies in Lagos State to remit their taxes into the government’s coffers promptly to avoid being sealed.

``It is instructive to know that the Act which empowered LIRS permits it to sell the defaulting company’s properties to recoup the taxes owed to the government, `` she said.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...