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Davido, Payporte, X3M, United Capital Plc and Others Among Tax Defaulters As Announced Today by Nigerian Tax Agency

Aug 21, 2019 05:56 PM
Davido, Payporte, X3M, United Capital Plc and Others Among Tax Defaulters As Announced Today by Nigerian Tax Agency Africa Business Radio, Tax, Africa Business News, Tax Regulator, Davido Music, X3M


The Federal Inland Revenue Service (FIRS) has published a list of tax defaulters with their different bank accounts it placed under lien for owing taxes. The revenue agency listed not less than 19,901 accounts that were yet to regularize their tax status. 

Some of the accounts published belong to Citiroof Aluminium Co. Ltd, Coldstone Creamery Limited (Yaba), Davido Music Worldwide Ltd, Grand Square Supermarket and Stores Ltd, Iyiola Omisore & Par, Open Heavens Bliss Enterprises and The Assemblies of God Nigeria. Also listed are X3M Music Limited, Tiger Foods Limited, Slot Enterprises, Payporte Technology Limited, Visionscape Sanitation Solutions Limited, Erisco Foods Limited Milk Cube account, God is Good Motors (Vehicle sales account), Hubmart Stores Limited, Obasanjo Farms Nig. Ltd (Feedmill), United Capital Plc, amongst others. The tax regulator placed the bank accounts under lien as a result of the failure of the owners to regularize their tax status. To place a lien on the bank accounts simply means the owners of the accounts may not withdraw or transfer funds from their bank accounts. Nairametrics had reported that the FIRS had given a 30-day ultimatum to those whose bank accounts were published to regularise their tax status. In the event of non-compliance, the tax regulator stated that it would recover the tax liabilities from directors, managers, secretaries and other management staff of such companies. 

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