The Federal Inland Revenue Service (FIRS) says Nicon Luxury Hotel, owned by Jimoh Ibrahim, images-37a Nigerian businessman, is currently defaulting in unpaid tax liabilities, to the tune of N392,623,765.

The agency also said Nicon Insurance has N182,685, 036 million in unremitted withholding tax and (Value Added Tax) VAT from 2008 to 2012.

In a statement released on Thursday, FIRS said it sealed companies in Lagos, Abuja, Owerri and Kaduna in continuation of its efforts to arrest the growing incidence of non-remittance.