• FIRS seals Cetco Oilfield, Aquashield Oil over tax evasion

    FIRS seals Cetco Oilfield, Aquashield Oil over tax evasion

    The Federal Inland Revenue Service on Wednesday stepped up its tax enforcement efforts, sealing off two oil services companies in Port Harcourt, Rivers State.

    The affected companies – Cetco Oilfield Services Company, located in the Trans-Amadi area of the city, and Aquashield Oil and Marine Services Limited – have tax liabilities of N9.7 million and N49 million respectively.

    At Cetco Olifield, the procurement manager, Edotimi Ebikefe, begged for more time to enable the company pay up, explaining that it has already commenced […]