Wednesday 20 June 2012

Air Nigeria's CEO Arrested Over N5billion Tax Debt

Mr. Kinfe Kahssay CEO Air Nigeria, being led away by Policemen and FIRS officials
The Federal Inland Revenue Service (FIRS) has arrested the Managing Director of Air Nigeria, Kinfe Kayssay, for alleged failure to remit about N4.9billion tax revenues due to the Federal Government.
The arrest of Mr. Kayssay is in pursuit of the drive by the tax Service to recover over N170.I billion outstanding taxes owed government by various public and private organisations as well as ensure that all taxpayers are captured in the tax net, the tax agency says.
Last May, the chief executive officers of seven Lagos-based engineering, telecommunications, cable television, and trading conglomerates were arrested over similar offences involving tax evasion totalling N2.17billion.
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