FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion - Business

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FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion - Business - Nairaland

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FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by feedthenation(m): 5:45pm On Jun 27, 2016

The Federal Inland Revenue Service (FIRS) on Monday shut down tax defaulting companies in Lagos State and Imo State. In Lagos, the premises of Capital Oil Plc, owned by business mogul and politician Ifeanyi Ubah, was sealed by the FIRS enforcement team, led by Mrs. Anita Erinne. The staff of the company, which reportedly owes N30 million, were also evicted from the premises.

Capital Oil management told FIRS officials that they were ready to pay its tax liabilities. However, FIRS officials said it was not possible because normal banking hours had ended and that they now had to shutter the gates.

Also in Apapa, the FIRS visited the offices of Folawiyo Energy Trading Company along Creek Road. But the company, which the FIRS says owes N450 million in tax since 2013, maintained that it is only owing for last year. The FIRS team did not seal the company, but advised its management to clear the matter up at the FIRS office in Ikoyi.

Also in Lagos, the FIRS enforcement team visited the offices of Makon Engineering and Technical Services Limited, located on 11 Babatunde Anjos Street, Lekki Phase 1.

However, the enforcement team, which was prepared to lock up the company, changed its mind after the company's Chief Financial Officer, Lanre Anafi, agreed to the immediate commencement of the payment process of its N26 million tax debt.

The enforcement team led by Emeka Obiagwu, FIRS Director of Enforcement, departed the premises after reaching a firm understanding with the company that the debt would be defrayed before the close of work on Monday.

In Owerri, capital of Imo State, the FIRS enforcement team sealed the premises of two eateries and hotel. According to the enforcement team, the three outfits were shut after concerted efforts by the FIRS to get them to defray their tax liabilities but failed.‎ The affected outfits are City Chef Restaurant, De Mange Eatery House, and Comet Hotels and Conference Hall.

Speaking to the media after the exercise, FIRS enforcement team leader, Mr. Chinazo Udeh, explained that all due processes laid down by law were exhausted before the businesses were sealed.

"We assessed and gave them notice of what they owe as tax. They did not respond to our communication. This was followed up with two separate reminders. Thereafter, a demand notice was sent to them with all these largely ignored. After the expiration of the one month window following the final notice, we were left with no option but to enforce the law."

De Mange eatery has a tax liability of N20 million, while City Chef and Comet Hotel and Conference Hall owe N2.1 million and N2.3 million respectively.

At the point of sealing Comet Hotel & Conference, the company lawyer rushed to the bank and paid N70,000. But that, according to the enforcement team, was inadequate to unseal the hotel.

"They just decided to pay N70,000 out of a tax liability of N2.3m. That does not show seriousness. As a matter of fact, the money they just paid is a penalty for an earlier contravention for late registration. They have paid nothing on the Value Added Tax obligations. In any case, the order to deal this place came from our head office, the order to unseal will also come from there," said Udeh.

The team also moved to Disney Hotels and Oasis Communications to serve reminders.

http://saharareporters.com/2016/06/27/firs-seals-ifeanyi-ubah%E2%80%99s-capital-oil-company-efforts-curb-tax-evasion

1 Like

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by zuchyblink(m): 5:53pm On Jun 27, 2016

there are other ways to do this

1 Like 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by joeprince23(m): 5:54pm On Jun 27, 2016

GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

54 Likes 4 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Nobody: 5:56pm On Jun 27, 2016

these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

48 Likes 4 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by xtgozie(m): 6:09pm On Jun 27, 2016

They sealed that of a South-East man who owes 30million, but the one that owes 430 was pardoned for another day.... I'm a tribalist, ngwa make una chop me!

70 Likes 4 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by WhoRUDeceiving: 6:14pm On Jun 27, 2016

Clinton9000:
these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

But really its not Fg problem, its Igbo problem. Just look at the latest Igbo "youth" group going to meet with Atiku? The same Atiku that Ekwueme wanted to make a deal with way back in 2003 to no avail.

When there is IPOB there, yet the Igbo leaders/business men think they are safe like the Ibeto cement guy, but they are not.

Did not Buhari benefit from Boko Haram and Sharia? Or Obasanjo with OPC and Nadeco? Even the South South briefly with MEND until they too were considered "Eastern" and had to be booted out ditto GEJ?

So they way you make your bed is the way you will lay on it

9 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Mynd44: 6:16pm On Jun 27, 2016

Do not play with Fowler; that nigga is something else

18 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Sunofgod(m): 6:33pm On Jun 27, 2016

over common 30 mill?

3 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by wasco24: 6:40pm On Jun 27, 2016

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by richidinho(m): 6:40pm On Jun 27, 2016

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by adonbilivit: 6:41pm On Jun 27, 2016

chicken hunt

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Zico5(m): 6:41pm On Jun 27, 2016

Nigeria will not progress if we all fail to fight fraud in our system. Some are so used to corruption that it has become their blood and water. There is laid down rule before u open for business and inability to do ur obligation in paying taxes will surely land u in problem. No witch hunting, this is common sense

41 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by brainpulse: 6:42pm On Jun 27, 2016

Clinton9000:
these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

Read with your head before commenting with your teeth.This is done in all civilized society all over the world. Tax evasion is a serious crime and the mighty are not speared. Folawiyo's company was not speared also. These were all nonsense GEJ allowed. Now we have a country. Why do you people like associating with all criminal acts.

68 Likes 6 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by tdayof(m): 6:42pm On Jun 27, 2016

Clinton9000:
these demons are at it again..sealing off Igbo owned companies See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

Did you hear about Adenuga?? Mr man stop being clueless. It's not a must you type. I don't support this but you don't have to be tribalistic at every actions.

66 Likes 3 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Sweetguy25: 6:43pm On Jun 27, 2016

No need to be tribalistic about this. He should pay his tax.
The enforcement teams were led by Igbos anyway, so what's the bigdeal

24 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by 989900: 6:44pm On Jun 27, 2016

xtgozie:
They sealed that of a South-East man who owes 30million, but the one that owes 430 was pardoned for another day.... I'm a tribalist, ngwa make una chop me!

Time of visit didn't work in Capital oil's favor . . . I saw that too.

5 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Anyi3(m): 6:44pm On Jun 27, 2016

xtgozie:
They sealed that of a South-East man who owes 30million, but the one that owes 430 was pardoned for another day.... I'm a tribalist, ngwa make una chop me!

It is quite possible they visited Capital Oil late in the day and the other one earlier.

Instead of you being happy, a businessman is being forced to pay his tax you're crying over your brother who very likely doesn't know you exist. Tax evasion is a crime be you Igbo or yoruba.

I am Igbo

64 Likes 2 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by omolola15(m): 6:45pm On Jun 27, 2016

xtgozie:
They sealed that of a South-East man who owes 30million, but the one that owes 430 was pardoned for another day.... I'm a tribalist, ngwa make una chop me!

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

Clinton9000:
these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

This country is in trouble. Our so called leaders of tomorrow can't even read and comprehend. Their thinking is one way. They can't look at things from another perspective. They are quick to think negatively. How will we move forward if we reason the same way all the time.

Earlier today there was a thread about adenuga and his debts. My proud yoruba brothers never shouted which hunt or support him. We all know he's guilty. Right now you are all here shouting which hunt and marginalization. One mumu even said common 30 million.

They visited folawiyo first. That was why his company wasn't closed. They got late to capital oil, so there was no way they can pay again by that time. If you read the article very well. You'd have understood what happened. But as usual. You start shouting which hunt.

Even my little niece would understand the article. And he's just 7 grin

I'm disappointed in you pipu.

Even Almighty LIONEL MESSI is in court for tax evasion

74 Likes 5 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Jaideyone(m): 6:45pm On Jun 27, 2016

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

Clinton9000:
these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

later these two iPod yoots/Ugandans will claim to be more educated than one almajiri in far away sokoto. what's the point of education when you can't argue intellectually? these people are owing taxes and they refused to pay. how's that witch hunt? try that in the UK and see if you won't be jailed

29 Likes 2 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by meforyou1(m): 6:45pm On Jun 27, 2016

This vindictive government. So wicked and so brutal. Obaigbona, Dokpesi, Dasuki, Fayose, Wike, Cross River, Abia etc. All President Jonathan's men.
The saimaechi, fashola, tinubu etc.
Power is transient. One day one day...

7 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by shamecurls(m): 6:45pm On Jun 27, 2016

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

Read the article before you jump into conclusions

8 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Boeing777pilot: 6:45pm On Jun 27, 2016

Clinton9000:
these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

Because of people like you, service providers should test IQ of potential customers.

53 Likes 2 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Jaideyone(m): 6:46pm On Jun 27, 2016

good. fowler is working!!! by the time this guy is through out IGR will skyrocket

6 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by JingoOAU(m): 6:46pm On Jun 27, 2016

The enforcement team led by Emeka Obiagwu, FIRS Director of Enforcement, departed the premises after reaching a firm understanding with the company that the debt would be defrayed before the close of work on Monday.

Talk of witch hunt here and make thunder skin u alive....

33 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by countsparrow: 6:47pm On Jun 27, 2016

okay

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by laffwitmi: 6:47pm On Jun 27, 2016

We in SS are safe,we dont know about you or your brothers in SE..I dont know why u guys blame Govt for everything.

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

19 Likes 2 Shares

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Twistaray(m): 6:47pm On Jun 27, 2016

O our son is being witch hunted grin

Just few hours ago 2-3 yoruba were accused and forced to pay for their debts we didn't hear wiiiinnnnnch hunting..

Let's hear from our SE brother now.. grin

18 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by dahmie2013: 6:47pm On Jun 27, 2016

God pls deliver us 4rm tribalism. It's really irritating 2 say d least.

11 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by OlujobaSamuel: 6:48pm On Jun 27, 2016

awon ole. pls today na monday, we want report on those given close of work on Monday grace, abi we no go know.
see some co-thieves for top dey defend their looting fathers.

4 Likes

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by geraldgiz(m): 6:48pm On Jun 27, 2016

Opposition witch-hunt on the rise, but why. Why can't this government focus on making life's better than looking for whom to probe. I will not be surprised if I hear that abacha's grave is being probed

1 Like

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by Jaideyone(m): 6:48pm On Jun 27, 2016

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

Clinton9000:
these demons are at it again...sealing off Igbo owned companies. See how desperate they are to collect taxes from Igbo businesses...even going to as far as Imo state to harass hotel owners. Tell me how much they collect from taxes in Jigawa or Osun...oh there is no meaningful or decent hotels there? This wicked country built on the sweats of Igbos. You see the same thing at the ports, airports, transportation of goods from SW to SE...taxing and extorting Igbos to death;

joeprince23:
GOD nigeria is in trouble! All federal agency have suddenly began to hunt most dissident and opposition voices,you may fern ignorance but believe me we are no longer save especially we from SS and our brothers from SE. Buhari even made this clear with his 95% and 5% anology...

20 Likes 1 Share

Re: FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion by obiemurphy(m): 6:48pm On Jun 27, 2016

Ubah my broda....if u have tax to pay, pls do.bt if not!!! then I see fuel scarcity roaming.....FG do not the Tiger's tail

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