DAY FIRS SHUT DOWN CONOIL HEADQUARTERS IN LAGOS FOR ALLEGELY NOT FUFILLING IT TAX OBLIGATIONS TO THE NIGERIAN GOVERNMENT
Bella's Place,the magnificient edifice built by billionaire businessman,Otunba Mike Adenuga and named after Bella,one of his beautiful daughters,came under lock and key recently as officials of the Federal Inland Revenue Service accused the management of Conoil of lackadaiscal attitude towards the payment of taxes.The company is said to be owing several millions of Naira to the government.The company was also alleged to have been defaulting for years now.
www.niyitabiti.blogspot.com observed that many of the staff were visibly embarrased as cars and other property owned by Conoil were confiscated by men of the FIRS.
A drama played itself out when the Managing Director of Conoil,Mr.Tycus Shina initially denies that he is one of the directors.He said,he was 'just' a staff.However,he was embarrased as one of the people who came with men of the revenue service said "Why are you denying yourself,you are the MD.He was shocked and he had no choice than to admit.At that point,he made frantic efforts to contact Adenuga,the Chairman of the company on phone,to ensure that FIRS did not go away with their things.It didn't work as the Chairman was said to be away.
FIRS officials disclosed that they have given Conoil enough time and they have been pushed to the wall.No company or individual is bigger than payment of taxes.This is what the government use in putting social amenities in place for the Nigerians.
www.niyitabiti.blogspot.com overheard some of the staff who were already gathered outside of the building,saying the company and people behind it has contributed so much to the development of the company and they shouldn't have been treated like that.Whatever had been the case,they should tackled it through other means and not by embarrassing the company like that.
Meanwhile,www.niyitabiti.blogspot.com promises to bring you more photos and gist from the FIRS/Conoil saga later!
Sent from my BlackBerry wireless device from MTN
at May 15, 2009
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