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Edo IRS closes market Square over N27m tax debt

Due to N27 million in overdue taxes, the Edo State Internal Revenue Service closed Market Square-Sunday Foods' location on Friday.  

"The outstanding amount is the result of an audit conducted by the EIRS on Market Square, covering the period from 2018 to 2023 for Pay-As-You-Earn and Withholding Tax liabilities," stated Courage Eboigbe, the Edo IRS Head, Corporate Communications, in a statement.

The statement read, “The Edo State Internal Revenue Service on Friday, September 19, 2025, sealed the premises of Market Square (Sunday Foods) for non-payment of taxes amounting to N27,005,117.97.

“The outstanding sum is the result of an audit exercise conducted by the EIRS on Market Square, covering the period from 2018 to 2023 for Pay-As-You-Earn 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.

“Following the company’s refusal to settle its debt, the revenue service has now, pursuant to a court order, 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 Eboigbe, all people and businesses involved in economic activity in Edo State have a basic civic duty to pay taxes.  

He noted that tax compliance greatly improves business operations and maintains a positive corporate image, and that tax revenue is necessary for the government to fund needed infrastructure and services for the public welfare.  

"EIRS commends all compliant taxpayers and encourages others to fulfill their tax obligations on time," he stated.

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