Audit findings raise questions as shoppers lament closure
The Edo State Internal Revenue Service (EIRS) has sealed off the popular Market Square (Sunday Foods) outlet in Benin City, citing unpaid tax liabilities amounting to ₦27,005,117.97.
The closure, carried out on Friday, September 19, 2025, followed an audit of the retail chain’s operations in Edo between 2018 and 2023. According to EIRS Head of Corporate Communications, Courage Eboigbe, the audit revealed outstanding Pay-As-You-Earn (PAYE) and Withholding Tax obligations that the company allegedly failed to remit to the state government.
Eboigbe explained that the audit findings were communicated to Market Square and that, since the company did not contest the assessment, the liabilities became final and conclusive. Despite this, he noted, the organisation refused to settle its debts, prompting the EIRS to secure a court order and move to enforce compliance by sealing the premises.
“The EIRS is prepared to unseal the premises immediately upon confirmation of full payment,” he said, stressing that tax revenue is vital for providing infrastructure and services in Edo State.
A blow to shoppers and staff
The sudden closure sparked mixed reactions from residents and customers, many of whom expressed frustration at the disruption. Market Square, which has grown into one of Nigeria’s fastest-expanding retail chains, is known for its wide product range, competitive prices, and modern shopping experience. For many families in Benin, the outlet has become a go-to shopping hub.
“I came here to buy groceries for the weekend only to see the gates locked. This is shocking,” said a visibly disappointed shopper, who described the closure as a setback for consumers.
Staff members, though reluctant to speak on record, hinted at uncertainty over their jobs if the dispute drags on.
Questions on corporate compliance
The development raises fresh questions about tax compliance among big businesses operating in Edo State. While the EIRS has repeatedly urged companies to meet their civic obligations, some analysts argue that the enforcement action signals a tougher stance by the government against revenue leakages.
Eboigbe, in his statement, commended compliant taxpayers and warned others to take heed, noting that prompt payment of taxes not only sustains public infrastructure but also strengthens corporate reputation.
