Home / Business & Economy / Nahcoaviance cough out N100m to avoid FIRS shutdown over tax default
Nahcoaviance logo

Nahcoaviance cough out N100m to avoid FIRS shutdown over tax default

Nigerian Aviation Handling Company, nahcoaviance, Plc has for a while refused to remit millions of naira in taxes to the coffers of the federal government an act that saw the Federal Inland Revenue Service (FIRS) hold the company liable threatening to shut it down last week.

It was gathered that the handling company have had to pay N100million within 24 hours of the FIRS visit last week to the FIRS to forestall its planned closure by the revenue collection agency that had gone to the company with the aim of shutting it down totally.

Spokesperson of nahcoaviance , Ajakaiye however said that it was just a routine call by the FIRS and that nahcoaviance is sorting it out, he likened the situation to a mix up in payment.

In a phone conversation he said,” You know sometimes you have paid and they may not have that recorded so it a question of reconciling we go there with our receipts which we have done and the whole misunderstanding is sorted out.”

Nigerianflightdeck gathered from a reliable source that a N100 million payment was made to FIRS coffers, as  part-payment to forestall closure of the company as the government agency had already posted its ‘do not remove’ sticker on the ground handler’s wall.

Also NFD learnt that nahcoaviance had also reached an agreement with FIRS to pay some amount of money to the agency on a monthly basis, but had consistently defaulted, a situation, which led to its planned closure last week.

In another development, the ground handling company had, between January and April 2016, sacked at least 100 workers due to paucity of funds.

The sack of some were later upturned to ‘compulsory retirement’ as a means to avert any crisis in the company as negotiated by the unions the workers belong to some workers got N3.5 million while other senior personnel got higher.

About NigerianFlightDeck

mm
Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

Check Also

FG approves construction of $5.3bn Ibadan-Kano standard gauge rail line

FEDERAL Government of Nigeria has approved the construction of $5.3bn Ibadan-Kano standard gauge rail line. …

FIRS boss makes case for sustenance in VAT collection due to 44% increase in three years

as organization targets N750bn from 55,000 tax debtors EXECUTIVE Chairman, Federal Inland Revenue Service, Mr …

How high oil prices shackled Nigeria’s productive sector- Osinbajo

"There was some impression that our country was an affluent country but the truth of the matter is underlying the jets, because there is no productivity whatsoever, because the owners of the jets are contractors and friends of those government and you could not tie the ownership of the jet and ownership of these kinds of luxury assets to any kind of productivity.

Apapa Customs command generates $5.505m in exports, adds N60bn to Federation account

The Customs boss noted that despite the lack of business activity due to the just concluded general elections, the command recorded N60bn as revenue generated from imports including N763m on export within January and February, 2019.

IMF predicts 3.8% growth of African economies, Nigeria included

THE International Monetary Fund (IMF) has said the economies of Nigeria and other sub-Saharan Africa …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: