[PHOTOS] Kaduna close electric company over N600m unpaid taxes

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The Kaduna State Internal Revenue Service has sealed the headquarters of the Kaduna Electricity Distribution Company due to unpaid taxes amounting to N600 million.

Jerry Adams, the Executive Chairman of the service, led the operation on Friday, citing the exercise of vested powers under Section 104 (1) & (4) of the Personal Income Tax Act, 2011, and Section 37 (3) & (4) of the Kaduna State Tax Codification and Consolidation Law, 2020.

 

He explained that the service secured a court order for the immediate closure and taking over of the Company’s property until all unpaid taxes are settled.

“We are here to execute the court order giving us permission to distrain Kaduna Electric over tax liabilities of 2015 to 2022,” he said.

“Earlier on, we had a reconciliation meeting with them and we agreed that they were going to pay a substantial amount of the N600 million due to the Kaduna State Internal Revenue Service and they reneged.

“We have had several discussions with them after then and each time they will say they will pay and they have not paid till now. So that directive is from the court to distrain them. The place will remain locked till they succumb to the existing agreement that we had with them.”

According to Adams, tax evasion is a criminal offense, and the government will not tolerate any disregard for the payment of taxes.