Hotels, restaurants and hospitality businesses closed amid tax fraud crackdown in Lagos Nigeria news

  • About sixteen restaurants, hotels and event centers have been closed by the Lagos State government as part of the repression of bad debts
  • The Lagos State Internal Revenue Service had sent a warning notice to hotel business owners who have not paid their taxes
  • Maple Cottage, Imperial Chinese Cuisine, New World Inn, Inspiro Galaria, 7th Heaven and Infinity Platinum Bar and Restaurant are among business closures

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Some hotel businesses have been closed in Lagos State due to the administration’s crackdown on unpaid bills led by Babajide Sanwo-olu.

Repression affected sixteen restaurants, hotels and event centers across the state that did not pay their consumption taxes between 2013 and 2020.

The closure of hotel businesses came nearly five months after the Lagos State Internal Revenue Service (LIRS) issued a notice stating that March 31 would be the deadline to clear unpaid taxes, before it is not extended until April 14.

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Lagos State's crackdown on tax-free hotels, restaurants and hotel businesses
Babajide Sanwo-Olu, Governor of Lagos State. Photo: Babajide Sanwo-olu
Source: Facebook

Lagos tax office closed

List of affected businesses include: Café Trance, Maple Cottage, Imperial Chinese Cuisine, New World Inn, Inspiro Galaria, Grace Garden Event, Cristabol Place and Queens Park Event Center.

Others are Axor Suites and Blue Moon Hotel, Citi View Hotel, Kamal’s Crib, 7th Heaven and Infinity Platinum Bar and Restaurant, according to the Nigeria News Agency (NAN).

Commenting on the shutdown on Monday, LIRS Director of Legal Services Seyi Alade said the tax agency would collect all taxes to ensure that the state government has capital to carry out its development projects:

“Now the service has resumed sealing businesses, especially hotel businesses; he undertakes to continue the exercise until full compliance with the payment and remission of taxes is achieved.

“Before LIRS embarks on sealing, it must send two letters to the management of the affected company, reminding them of the tax obligations.

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“The notice of formal notice and the letter of intent to seize have been sent to the management of the hotel companies, but they have not acted,” said Alade.

AfDB to provide credit support to women-owned businesses

The African Development Bank has announced that it will provide financial support to women-led small businesses operating in Nigeria, to reduce the impact of COVID-19 on them.

The bank headed by Akinwumi Adesina has budgeted $ 50 million for small and medium-sized businesses in financial difficulty in their operations.

The money will be paid through the First City Monument Bank. The AfDB also said it would provide $ 200,000 through some women-focused agencies.

Source: Legit

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