The Edo State Internal Revenue Service has taken enforcement action against Market Square, also known as Sunday Foods, in Benin City, due to alleged tax defaults totaling over N27 million. According to a statement from the agency, the action follows the company’s failure to settle outstanding liabilities uncovered during a five-year audit.

The audit, which covered the period from 2018 to 2023, revealed unpaid obligations on Pay-As-You-Earn and Withholding Tax. The Edo State Internal Revenue Service noted that the assessment was communicated to Market Square, and as the company raised no objection within the stipulated time, the tax liability became final and enforceable.

Despite repeated reminders, the company failed to clear its debt, prompting the revenue authority to obtain a court order to seal its premises. On September 19, 2025, the Edo State Internal Revenue Service sealed the premises of Market Square, citing non-payment of taxes amounting to N27,005,117.97. The agency has stated that it is prepared to unseal the premises immediately upon confirmation of full payment.

Tax payment is a fundamental civic duty for businesses and individuals operating in the state, according to the agency. Tax revenue is essential for providing infrastructure and essential services. The Edo State Internal Revenue Service appreciates organizations that regularly meet their tax obligations and urges defaulters to do the same to avoid enforcement actions.

Voluntary compliance not only supports government projects but also enhances a company’s reputation and smooth business operations. The agency’s action against Market Square serves as a reminder of the importance of tax compliance for businesses operating in Edo State. The Edo State Internal Revenue Service will likely continue to monitor tax payments and take enforcement action against defaulters to ensure that all businesses operate on a level playing field.

As the state government relies on tax revenue to fund its projects and provide essential services, the Edo State Internal Revenue Service’s efforts to recover outstanding tax liabilities are crucial. The agency’s actions are aimed at ensuring that all businesses contribute their fair share to the state’s revenue, promoting a stable and prosperous business environment. With the premises of Market Square sealed, the company will need to prioritize settling its tax debt to resume operations and avoid further enforcement action.