Rivers State Government has closed the offices of SPAR in Port Harcourt over alleged failure to comply with tax regulation

Rivers State Government has closed the offices of SPAR in Port Harcourt over alleged failure to comply with tax regulation

The Rivers State Government has closed down the offices of SPAR in Port Harcourt over alleged failure to comply with tax regulation. The closure followed a petition by a group, Tax Compliance and Governance Initiative (TCGI), which accused the company of evading taxes. According to the group, SPAR has been operating without necessary approvals. It added that the company has been parading itself as a foreign investment when it is actually owned by a Nigerian.

Rivers State Government has closed the offices of SPAR in Port Harcourt over alleged failure to comply with tax regulation.

The Rivers State Government has closed the offices of SPAR in Port Harcourt over alleged failure to comply with tax regulation.

The closure follows a petition by a group, Tax Compliance and Governance Initiative, which accused the company of evading taxes.

SPAR has been operating without necessary approvals from Rivers State Government for a period of time now but this was not an issue until recently when it was discovered that its revenue was not being paid into state coffers as required by law.

The closure followed a petition by a group, Tax Compliance and Governance Initiative, which accused the company of evading taxes.

SPAR Nigeria, a subsidiary of the Rivers State government-owned food and beverage firm, said it has been operating in Rivers State since 1994.

The company said it was not aware that its products were being sold to consumers without tax clearance certificates. “We are shocked at this development,” a statement issued by the company on Sunday afternoon read in part.

“We have also received several complaints from our customers alleging fraud by some unscrupulous vendors who have been selling our products as if they’re foreign imports.”

According to the group, SPAR has been operating without necessary approvals.

According to the group, SPAR has been operating without necessary approvals. It said that the Rivers State Government had given a green light for SPAR Nigeria to operate in Port Harcourt as an investment promotion agency and not as a supermarket.

The group said it was surprised that even after repeated calls to government authorities on this matter, no action has been taken against those involved in misusing public funds or assets belonging to the people of Rivers State.

The spokesperson said: “It is sad that while we have been calling on our leaders at all levels not just here but across Africa, they still failed us by allowing foreigners with no regard whatsoever being put into positions where they could corrupt our society through their greed.”

It added that the company has been parading itself as a foreign investment when it is actually owned by a Nigerian.

You may have heard of SPAR Nigeria, the Nigerian fast food restaurant chain that operates branches in Port Harcourt and Abuja. The company has been parading itself as a foreign investment when it is actually owned by a Nigerian.

The Rivers State Government has closed down all its outlets across the state due to poor hygiene practices and poor management by their operators who do not abide by laws or regulations. They also said that some of the employees were not paid salary for months on end which made them lose hope of getting back their jobs at any point in time.

SPAR Nigeria responded in a statement via its social media platform on Sunday afternoon.

SPAR Nigeria responded in a statement via its social media platform on Sunday afternoon.

The statement read: “SPAR Nigeria is aware of the closure and will be meeting with the Rivers State government to resolve this matter as soon as possible”.

The company said it had been operating in Nigeria for over 30 years and has never evaded tax or defaulted on any payment.

Takeaway:

SPAR has been operating without necessary approvals.

SPAR has been parading itself as a foreign investment when it is actually owned by a Nigerian.

SPAR has been accused of evading taxes

In the wake of this, Rivers State Governor, Nyesome Wike , has ordered that all SPAR branches in the state close immediately until further notice.

Conclusion

We believe that SPAR is a well-managed company, and we hope that it can resolve its issues with the Rivers State Government as soon as possible