FIRS Seals Hotels and Companies in Lagos

Lagos residents who love fun may miss some of their favorite fun spots as a result of the action taken by the FIRS (Federal Inland Revenue Service) to seal up hotels and companies that owe taxes.


The Federal Inland Revenue Service, FIRS, yesterday, sealed the Diplomat Hotel, located on Shonnyway Street, Shonibare Estate, Maryland, Lagos, over a N351 million tax debt. Bukar Gana, head of the FIRS enforcement team, stated the hotel owes taxes between 2012 and 2016. The hotel’s customer care manager, who didn’t give his name, said they were “concerned about the debt”.

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Also in Lagos, the team closed the premises of Island Power Limited, a power generating company, situated on Cable Street, Lagos. The company owes N132.5million accumulated between 2012 and 2014. The administrative department was sealed off, leaving only the power plant because of the essential services it provides to organizations.

The team visited Conservative Estimate Limited, situated on Fatai Irawo Street, Papa Ajao, Lagos, which has a tax debt of N15.8 million. However, the company was said to have relocated over four months ago.

The FIRS action will serve as a warning to companies that still owe taxes in the state. Lagos residents will miss their favorite hangout spots. At the same time, companies and business owners should learn to pay taxes and encourage the government. The growth of the state will improve the housing sector.

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In a way, this may be a loss to the housing sector in the state. Because if these organizations linger long before they start operating business again, people will lose their jobs and people may have to relocate. This will result in either a housing deficit or relocation. At the same time, luxury apartments may suffer because residents in this apartments will move into smaller homes.

Lagos is a place of so much fun and the seal on a few fun spots will be a warning sign to other owners of fun spots or people intending to invest in such avenue. In all, Lagos still remains Nigeria’s commercial center and one of the best places to live in the country. Fun lovers need not bother much because Lagos remains a home to a lot of fun spots, both on the Island and on the mainland.

Enjoy the fun life in Lagos, live, work, and play in Lagos, visit to buy or rent  your dream apartment today.



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