Market square over N27m tax liability

Date:

The premises of Market Square (Sunday Foods) in Edo State has been sealed for non-payment of taxes liability of N27,005,117.97 (Twenty-Seven Million, Five Thousand, One Hundred and Seventeen Naira, Ninety-Seven Kobo) to the State government.

Courage Eboigbe, spokesman of Edo State Internal Revenue Service (EIRS) said the conglomerate was sealed on Friday, September 19, 2025, following an audit exercise conducted by the EIRS on Market Square, covering the period from 2018 to 2023 for Pay-As-You-Earn (PAYE) and Withholding Tax liabilities.

The audit findings and subsequent tax assessment were communicated to the company. As Market Square did not object to this assessment, it became final and conclusive.

Eboigbe said in a statement that the Revenue Service action in pursuant to a Court Order, following the company’s refusal to settle its debt, sealed the premises to recover the outstanding tax due to the Edo State Government.

The EIRS is prepared to unseal the premises immediately upon confirmation of full payment, according to the statement, which emphasizes that payment of taxes is a fundamental civic responsibility for all individuals and organizations engaged in economic activities in Edo State.

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