Tax Evasion: Court Upholds firsNigeria N32.6 Billion Claims Against Shell, Agip, Total | Sahara Reporters The judgment of the court was as a result of an appeal filed before the court by Federal inland revenue service (FIRS) against the... READ MORE:
A federal high court sitting in Lagos presided over by Justice Chuka Obiozor has ordered four multinational oil companies, namely Shell Nigeria Exploration and production company Limited, Esso Exploration and Production Nigeria Limited, Nigeria Agip Exploration Limited, and Total E&P Nigeria Limited to pay a total sum of $17,900,484.80 as penalty and interest respectively on the imposed education tax of $75,381,332.00.
FIRS responded by withdrawing the assessment and re-issue same and inform the companies, the observed Error and corrections were over the proper basis period and the parties whose names it should be addressed to, the error to be corrected were never the amount of $75,381,332.00. The companies were not only privy to the amount involved in the assessment but also wilfully held on to Government Revenue for almost two years
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