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.


Government shuts down more companies over tax evasion

29 June 2016, 14:19

Lagos - 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.

This is coming two days Capital Oil Plc, owned by Ifeanyi Ubah was also shut down by the FIRS agents over tax evasion according to News24.

- News 24


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...