skip to Main Content

FIRS Shut Down 9 Companies in Lagos for Tax Defaults

Nigeria’s Federal Inland Revenue Service (FIRS) shut down nine companies in Lagos  this week  for owing taxes to the tune of N199.4 million.

A statement by the FIRS spokesperson said the following companies are shut for cases relating to tax evasion or avoidance: DN Meyer Plc, Morrison Industries Plc, Congas Oil, J. Irorun Enterprises, Grizi Nigeria Limited, African Paints Nigeria Limited, and Kesley Greene Nigeria Limited.

The premises of Best Aluminum Limited and Persus Ventures Nigeria Limited were also  shut down by the agency.

The tax collection agency had launched an enforcement exercise between Monday and Wednesday, aimed at recovering millions of naira allegedly owed by these companies in back taxes.

Out of the N199.4 million the nine companies owe the FIRS, DN Meyer Plc owes the highest sum of N54.6 million. The NSE-listed company which operates in the consumer goods sector, has been struggling in recent times to ensure profitability. As a matter of fact, the company’s Q3 2018 financial statement shows that it ran at a loss of N280.1 million.

The second biggest debt, according to the statement by FIRS, is Persus Ventures Nigeria Limited. The company is owing the tax agency a total of N40.83 million.

Congas Oil comes in third place with a total debt of N24.2 million. This is then followed by Best Aluminium Limited which owes N21.56 million.

Another notable name on the list is Morrison Industries Plc which owes N19.81 million in back taxes.

J. Irorun Enterprises was shut down for owing the FIRS a total of N11.59 million. Similarly, Grizi Nigeria Limited owes debt to the tune of N11.35 million.

African Paints Nigeria Limited owes N11.14 million while Kelsy Green Nigeria Limited owes the least amount of N4.3 million.

The Federal Inland Revenue Services, FIRS, frowned at the neglect 0f  the opportunity granted by the Federal government last year for organisation to do voluntary declaration and get some concessions on their tax liabilty. The implementation of various processes (including the Voluntary Assets Income Declaration Scheme, VAIDS) paid off, seeing as the agency ended up generating N5.320 trillion in revenues last year.


This Post Has 2 Comments
  1. We need IT consultants/Companies who can join hands with us as
    technology partner for promoting E-Governance Projects for your country.

    We can immediate deliver,customize and integrate under mentioned E-Governance Projects.

    1. Transport Management System

    2. Digitizing Transport and vehicles Management System
    3. Bus Ticketing System
    4. A Solution for Tax Collection (Customs Excise and Property Tax)
    5. Waste Management Solution
    6. Modernize Agriculture Solution
    7. E-Taxation Software for Border Areas Tax Collection
    8. E-Library Management solution for University and College Libraries
    9. Cloud Based Paperless office of a Lawyer (
    10.E-Courts,E-filling and CIMS Solution for Courts
    11.National Identification No. (As Adhar Card in India)
    12. Hospital Management Solution
    13. Dearth and Birth Registartion for Munciple Committiee and Corporation

    All above products demo is available as per specific needs and
    requirements.Profits will be shared as per project requirements.

    We would feel delighted to answer your queries. For more details visit

    Thanks & Regards

    Naresh Kalra

    Proud Technologies Pvt. Ltd.

    Whatsapp No.: +91-9868240037
    Skype id : naresh3595
    Website :
    Email :,

    With Regards

    Naresh Kalra(09868240037)
    Chief Executive

    Proud Technologies Pvt. Ltd.
    Member NASSCOM and Computer Society of India
    ED-35 3rd Floor Madhuban Chowk Pitampura
    Near Pitampura Metro Station New Delhi-110034

    Phone No. 011-47018524 91- 9868240037
    Email :
    Skype Id : naresh3595

    1. Dear Naresh,

      Your mail is received with thanks.

      A mail had been sent to your email, kindly revert for further action on this.

      Kind regards

Leave a Reply

Your email address will not be published.