FRCN, RayPower Shut Down Over Tax Debt

FRCN, RayPower Shut Down Over Tax Debt

The Edo State Internal Revenue Service has closed down the Benin station of the Federal Radio Corporation of Nigeria and Daar Communications Plc, over alleged indebtedness.

It was gathered that the stations, also known as Bronze FM and RayPower FM, respectively, were sealed on Tuesday morning by officials of the EIRS.

It was also gathered that the revenue service accused Bronze FM of failing to pay up a tax liability of N5.2 million while RayPower FM owed four million naira.

The development was said to have come as a surprise to many of the workers, who resumed work to find the premises of the broadcast outfit sealed.

Both stations were also off air on frequencies 101.5 and 105.5 megahertz, respectively, as of 4pm on Tuesday.


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