Costain West Africa, Others Shut Down Over Alleged N2.6b Tax Debt


The Federal Inland Revenue Service on Tuesday sealed the offices of Costain West Africa Plc, First Deepwater Discovery Limited, CAT Construction Group Limited and OPI International Limited, all in Lagos State.

Costain West Africa Plc is owing N2 billion in Company Income Tax, Value Added Tax and other taxes. First Deepwater Discovery Limited, located at 20, Ogunlana Drive, Surulere, has tax liabilities of N230 million, which  is made up of withholding tax, education tax and value added tax.

CAT Construction Group Limited, located at 20C, Ogunlewe Street, off Ligali Ayorinde Street, Victoria Island, owes N176 million in taxes, while OPI International Limited, located at UBA House, Marina, owes N3 million in company income tax and value added tax.

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Costain West Africa

The FIRS team arrived Costain West Africa Plc’s office, located at 174, Funso Williams Avenue, off Apapa/Oshodi Expressway, at about 1pm. About half an hour later, the company building was sealed.

A top official of the company told the team that the company’s chairman was not available to attend to the team. The official also claimed the company has already started discussions with the FIRS on how to defray its tax liabilities, something Erinne said she was unaware of.

The FIRS however, did not stop in Lagos but also proceeded to Onitsha, Anambra State,where the team shut down four business premises. At the Building Materials International Market, Ogbunike, the team closed down the offices of Shoelz International Limited over a tax debt of N32 million.

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Also affected by the enforcement exercise was Midfield West Africa Limited, which defaulted on a tax obligation of N11 million. Felixo International Hotel Limited in Oba was also sealed for owing taxes totalling N15 million, and Ekwenibe and Sons Trading Company Limited was shut over a tax liability of N78 million.

Leader of the enforcement team in Onitsha, Chibuzor Edeh, said all the affected companies were served several reminders, which they ignored, leaving the FIRS without an option other than enforcement.