We’ll Go After Billionaire Tax Defaulters – FIRS​

Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, says the agency will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes.
The FIRS boss said the agency will through all banks in the country, do a substitution on accounts for such identified taxpayers.
according to him there are Over 6772 of such defaulting billionaire taxpayers been identified by the FIRS, leveraging on banks data.
Fowler who disclosed this at a stakeholders’ meeting in Lagos, noted that most of such taxpayers have between N1million and N5 billion in their accounts have no Taxpayer Identification Number, TIN, or have TIN and have not filed any tax returns as taxpayers.
Fowler explained that FIRS had done a thorough analysis of all businesses, partnerships, corporate accounts that have a minimum turnover of N1 billion per annum for the past three years.
He also called for support from banks in other to fish out the bank accounts of the erring billionaires. He noted that FIRS is also paying close attention to accounts auditing.

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