Tax Defaulters In Nigeria: Obasanjo, Davido, others top 19,000 list, Davido reacts

The federal Inland Revenue Service has published names of 19,901 individuals and organisations, who default on tax payment in Nigeria.

The list contains prominent individuals and organisations like Obasanjo Farms Nig. Ltd (Feedmill); Iyiola Omisore & Par; Citiroof Aluminium Co. Ltd; Coldstone Creamery Limited (Yaba); Davido Music Worldwide Ltd; Grand Square Supermarket and Stores Ltd; Open Heavens Bliss Enterprises; and God is Good Motors.

The agency said it had taken possession of the bank accounts of the tax defaulters, adding that the accounts would be under its possession until they regularise their tax status.

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.

“For the avoidance of doubt, the above section authorises 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 offence.

Some of the accounts published include:

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
The Assemblies of God Nigeria
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

Seeing the names published, the DMW boss, Davido took to Twitter and wrote: ‘Lol I’m on my cash shit’.

https://twitter.com/iam_Davido/status/1163978235186765829