Obasanjo, Davido, Others Top 19,901 Tax Backtrackers in Nigeria

The Federal Inland Revenue Service has produced names of 19,901 individuals and organizations who renege on tax payment in Nigeria.

The list includes high-profile citizens and organizations such as Obasanjo Farms Nigeria Ltd (Feedmill), Davido Music Worldwide Ltd., Citiroof Aluminium Co. Ltd., God is Good Motors, Coldstone Creamery Limited (Yaba), and many more.

The agency stated it had taken ownership of the bank accounts of the tax defaulters, adding that the accounts would be under its custody until the defaulters organize their tax status.

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It said, “This is to notify all companies, which had their bank accounts placed under lien by the Federal Inland Revenue Service pursuant to Section 31 of the FIRSE Act but are yet to regularise their tax status with the FIRS, that if they fail, refuse or neglect to pay the tax due within 30 days of this notice, the FIRS shall in accordance with Section 49 (2) (a-d) of the FIRSE Act proceed and enforce the payment of the said tax against all the directors, managers, secretaries and every other person concerned in the management of the companies and recover the said tax from such persons without further notice.”

It continued,”For the avoidance of doubt, the above section authorizes the FIRS to proceed against and punish every officer, manager, director, secretary or any person concerned with the management of the company in like manner as if he/she had committed the offense.”

Source: africacelebrities.com