Shoprite.webp
The Digest:

The Lagos State Internal Revenue Service (LIRS) has sealed the prominent Shoprite outlet at The Palms Mall in Lekki over alleged tax violations. The action highlights the state's intensified drive to recover revenues and enforce compliance, even against major retail players.

Key Points:
  • The LIRS sealed the Shoprite store at The Palms Shopping Mall, Lekki, for alleged tax default.
  • A closure notice cited a violation of Section 94 of the Personal Income Tax Act.
  • The offence attracts monetary penalties and potential imprisonment.
  • It is unclear if the action targets Shoprite, the mall management, or specific tenants.
  • The LIRS warned that unauthorized removal of the notice is a further offence.
  • Social media reactions cited the poor economy as a factor in the store's struggles.
  • Some comments humorously claimed customers were locked inside during the sealing.
This move signals a tightening fiscal environment where even retail giants must navigate the storm of regulatory compliance in a challenging economy.

Sources: Nairametrics