The Lagos State Internal Revenue Service (LIRS) has sealed the Shoprite store located at Ikeja City Mall. This action stems from claims that the popular retail outlet failed to meet its tax obligations.
A notice prominently displayed at the premises clearly states the reason for the closure. It also issues a stern warning. Removing the LIRS seal without official permission is considered an illegal act.
The notice reads: “Take notice that the owner/occupant of this premises has failed to comply with his/her tax obligations under the relevant tax laws.” It further explains this “is a contravention of the law.” Such a breach is “punishable by both pecuniary penalties and imprisonment pursuant to section 94 of the Personal Income Tax Act 2011 as amended.”
Shoprite Nigeria Faces Ongoing Challenges
Shoprite Nigeria has experienced significant operational challenges in recent years. This latest incident adds to a series of difficulties for the retail giant.
Previous reports include the closure of stores in Wuse, Abuja, and Kano. These closures were attributed to financial difficulties. A challenging business environment was also cited as a major factor.
Concerns have also been raised regarding supply chain issues. Reports emerged of empty shelves in several Shoprite outlets. Locations such as Ikeja, Ilorin, and Ibadan were among those affected.
Despite these challenges, Retail Supermarkets Nigeria Limited (RSNL), which operates Shoprite in Nigeria, has denied any plans to exit the country.
The company maintains it is restructuring its business model. This aims to better adapt to the current economic landscape. RSNL also highlighted that approximately 80 percent of its products are now sourced locally.
About the Author
