FIRS Vs Globacom: See How The Plot Unfolds


Federal Inland Revenue Service (FIRS), on Wednesday closed down some Globacom offices in Lagos for failure to remit N24.3 billion in Value Added Tax (VAT).

FIRS officials, led by the Director of Enforcement, Emeka Obiagwu, directed his officials to seal off all the work stations of Globacom such as the Globacom Towers located at Mike Adenuga Close, GloWorld located at Adeola Odeku and the service station at 17, Saka Tinubu Street, all on Victoria Island, Lagos.

At the Mike Adenuga Towers, it took the efforts of the top officials of the company to calm the staff, who were irritated by the order that they should vacate. The place was subsequently put under lock and key.


Erin Petroleum Nigeria Limited, formerly known as Camac Petroleum Limited, was also shut down by the FIRS, for failure to remit N107.3 million and $10.6 million.

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At Erin Petroleum, the FIRS team ordered staff to vacate the server room, administrative room and other offices. The company’s closure are due to their refusal to abide by a six weeks notice given to them by the FIRS.

This closure is coming just after the Nigerian Communications Commission (NCC) announced Globacom as Nigeria’s preferred network for new data subscriptions.

globacom offices 2

Gobacom, in the first quarter of 2016, widened its lead in the telecom sector with 80 per cent of new subscribers. NCC industry report for the first three months of the year indicated that Globacom recorded an additional 1,448,354 new internet subscribers during the period.

Read More Here: Glo Rated Nigeria’s Dominant Network In New Data Subscriptions

The number consists of  354,178 for January, 248,593 for February and 845,583 for  March. This brought the company’s  total internet customers to 26,530,420 as at the end of the quarter.

The network’s figure of 1,448,354 for the three months under review amounted to 80% of the total number of 1,820,651  new subscribers who used the internet services of the four key telecom operators in Nigeria in the first quarter of this year.

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