• Likes
  • Followers
  • Followers
  • Monday, June 9, 2025
  • Contact Us

NEWSCLICKNG NEWSCLICKNG - Most Development-Focused News Platform

  • News
  • Politics
  • Business
  • Sports
  • Education
  • Entertainment
  • lifestyle
  • Health
  • Arts & Culture
  • Technology
NewsclickNG
  • Home
  • Business
  • FIRS directs banks to remit funds of tax defaulters into Federation Account

FIRS directs banks to remit funds of tax defaulters into Federation Account

BusinessFeaturedNews
By Oluwadamilare Emmanuel On Sep 13, 2019
257
Share

High-profile tax defaulters got a 30-day window to regularise their tax status with the Federal Inland Revenue Service (FIRS), failing which they risk forfeiting the tax equivalent directly from their bank accounts to the Federal Government

The FIRS Executive Chairman, Tunde Fowler who dropped the hint on the Nigerian Television Authority (NTA) programme – Platform, said that banks have been instructed to “sweep the accounts of tax defaulters into the Federation Account after 30 days.

According to Fowler, the FIRS has written 23,000 letters to high-profile tax defaulters, whose names appeared on the list of defaulters.

Related Posts

Missing Indian bride arrested for allegedly murdering…

Jun 9, 2025

Police rescue 11 kidnap victims, foil abduction attempt in…

Jun 9, 2025

Police nab 13 after murder of Naval officer in Kaduna

Jun 9, 2025

The accounts of the identified defaulters have been put on lien.

Some of the letters, he said, have not been delivered because the addresses of the defaulters may have changed, adding that “the FIRS is determined because as the Service is backed by law to sweep the equivalent of what such tax defaulters owe into the federation account.”

The FIRS boss noted that since the bank lien on tax defaulters’ accounts was initiated 60 days ago, the Service has granted an additional 30 days – making it 90 days – for the defaulters to regularise their tax status.

“At the end of the 90 days”, Fowler warned, “banks will be asked to sweep the tax owed into the Federation Account.”

Federation AccountTax Defaulters
Oluwadamilare Emmanuel 21566 posts 0 comments

Prev Post

Nigeria to cut oil production by 100% in October – Sylva

Next Post

Barca banking on Oshoala for Spanish league glory

You might also like More from author
Crime

Missing Indian bride arrested for allegedly murdering husband on honeymoon

News

Police rescue 11 kidnap victims, foil abduction attempt in Katsina

News

Police nab 13 after murder of Naval officer in Kaduna

News

Over 70% of inmates now registered on NIMC database — NCoS

Prev Next
  • About us
  • Contact Us
  • Privacy Policy
  • Terms of use
  • Advertise with us
© 2025 - NewsclickNG. All Rights Reserved.
Website Design: DN