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Government shuts down Atlas Petroleum over tax liabilities

01 July 2016, 16:22

Lagos - The Federal Inland Revenue Service (FIRS), Thursday, sealed the headquarters of Atlas Petroleum International Limited over the company’s tax liabilities totaling $1,519,166.44.

The FIRS enforcement team, led by Ruth Mandeun carried out the closure of the company located at 1 Chris Madudike Drive, Lekki, Lagos.

The employee desperately pleaded with the team to allow him get in touch with the General Manager of the company, but his pleas were rejected.

Also on Thursday, FIRS officials, led by Anita Erinne, visited companies it sealed on Wednesday.

Out of the companies sealed by the team on Wednesday, only Costain West Africa, located at 174, Funsho Williams Avenue, Lagos, was unsealed at 1pm on Thursday.

News24 previously reported that the Federal Inland Revenue Service on Tuesday sealed the offices of Costain West Africa Plc, First Deepwater Discovery Limited, CAT Construction Group Limited and OPI International Limited,in Lagos over unpaid taxes, Thisday reports.

A statement by the leader of the FIRS enforcement team, Anita Erinne, said Costain West Africa Plc is owing N2billion in Company Income Tax, Value Added Tax and other taxes while First Deepwater Discovery Limited, located at 20, Ogunlana Drive, Surulere, has tax liabilities of N230million, made up of withholding tax, education tax and value added tax.

The statement revealed that CAT Construction Group Limited, located at 20C Ogunlewe Street, off Ligali Ayorinde Street, Victoria Island, owes N176million in taxes while OPI International Limited, located at UBA House, Marina, owes N3 million in company income tax and VAT.

- News 24

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