Posted by Amarachi on Fri 02nd Aug, 2024 - tori.ng
Following the operation, KADIRS’ Executive Chairman, Jerry Adams, stated that the action was carried out in compliance with a court order to restrict KAEDCO from evading the state’s tax obligations.
The Kaduna Electricity Distribution Company has been sealed by the Kaduna State Internal Revenue Service over a tax liability of ₦600 million.
Following the operation, KADIRS’ Executive Chairman, Jerry Adams, addressed the press and stated that the action was carried out in compliance with a court order to restrict KAEDCO from evading the state’s tax obligations.
Adams clarified that the ₦600 million tax liability accumulated between 2015 and 2022, during which period reconciliations were conducted with KAEDCO, resulting in an agreement for the company to settle a significant portion of the outstanding 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.
“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.“
Adams urged businesses, individuals, corporate entities, and the general public to consistently prioritize voluntary compliance in their tax obligations.