The Federal Inland Service (FIRS) on Monday August 19, published a list of 19,901 individuals and organisations, who default on tax payment in Nigeria.
Owners of the 19,901 accounts including Obasanjo Farms Nig. Ltd (Feedmill); Iyiola Omisore & Par; Citiroof Aluminium Co. Ltd; Coldstone Creamery Limited (Yaba); Davido Music Worldwide Ltd; and others were given 29 days to pay their taxes or see it get deducted from their bank accounts.
The notice read in parts;
“This is to notify all Companies, which had their Bank Accounts placed under Lien by the Federal Inland Revenue Service (FIRS) 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 said.
“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.”
Reacting to the news, Davido took to Twitter to simply say, ‘Lol I’m on my cash shit’.