Kaduna govt seals electricity distribution company over unpaid tax

3 months ago 5

The Kaduna State Internal Revenue Service (KADIRS) has sealed the Kaduna Electricity Distribution Company (KAEDCO) over a N600 million tax liability.

Speaking to journalists after the exercise in the early hours of Friday, the Executive Chairman of KADIRS, Jerry Adams, said the operation was an execution of a court order to restrain KAEDCO over the liability due to the state.

Mr Adams explained that the N600 million tax liability was from 2015 to 2022. He said when they did all the reconciliations with KAEDCO, the firm agreed to pay a substantial amount of the liability.

The executive chairman, however, lamented, “Till this moment, since last year that the liability was established, KAEDCO has not met what it committed to do.

READ ALSO: Protests: Security agencies embark on show of force in Kaduna

“We are backed by the law to seal and take over their premises in order to ensure compliance, and that is what we executed this morning,” he said.

Mr Adams called on other businesses, individuals, corporate organisations and the public to always ensure voluntary compliance in tax payments.

Article Page with Financial Support Promotion

Nigerians need credible journalism. Help us report it.

PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.

It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.

Will you support our newsroom with a modest donation to help maintain our commitment to free, accessible news?

(NAN)

Support PREMIUM TIMES' journalism of integrity and credibility

At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.

Whether you turn to Premium Times for daily updates, in-depth investigations into pressing national issues, or entertaining trending stories, we value your readership.