Sanwo-Olu shuts 34 companies in Lagos over tax (See List)

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The Lagos state government under governor Babajide Sanwo-Olu has shut down 34 corporate organizations for failing to remit Personal Income Taxes of their employees and for non-remittance of consumption taxes.

The Lagos State Internal Revenue Service (LIRS), Head, of Corporate Communications, Monsurat Amasa-Oyelude, confirmed this in a statement issued on Tuesday, October 31, 2023.

Some of these companies include NTS Nigeria Ltd., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l Ltd., Business Intelligence Technology, Avaya Nigeria Ltd., Gladstone Tech Ltd., Courier Plus Services Ltd., Kurioucity Ltd., Medilag Ventures Ltd., Future Oilfields, and Seven Six & Ten Limited.

She further stated that 23 hotels, restaurants, and event facilities were closed for failing to deduct and remit consumption taxes.

The businesses include Blitz Suites & Hotel, Offshoroomz Hotel, God’s Grace Hotel, De Orange Place Ltd., De Santos Hotel, Kentade Hotel Limited, Chamcee, Chelsea Suites, Falode Hotels, High Climax Hotel, Chez Moi Apartment, Excellence Hotel, Bereans Venture (Tantalizer Ebute Metta), La Avril Hotel & Suites, De Orange Place Ltd., Milaco Guest House, New World Inn, Model Motels Ltd, Rely Maritime Ltd, 4 Seasons Hotel, Dream Land Hotel, 343 North Restaurant and Lounge, and Jade Palace Chinese Restaurant.