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FIRS recovers N23bn from 45,000 millionaire tax evaders

The Federal Inland Revenue Service (FIRS) yesterday said the service had in 2018 identified 45, 000 millionaire tax evaders each of which had over N…

The Federal Inland Revenue Service (FIRS) yesterday said the service had in 2018 identified 45, 000 millionaire tax evaders each of which had over N 100 million as turnover in their accounts and recovered the sum of N23 billion through substitution of their bank accounts.

The service also said it is going after another set of 40, 000 millionaire tax defaulters in 2019.

Executive Chairman of the service, Tunde Fowler, disclosed this in Abuja when the Acting Inspector-General of Police, Mohammed Abubakar Adamu, visited the service, a statement by FIRS head of communication and servicom department, Wahab Gbadamosi, said.

“We looked at businesses, partnerships of any activity that have banking turnover between N100 million and N999 million. We have done the review of this group of businesses. We have about seven more banks that we are still waiting for return from and to review their information. But so far, we have 45,361 that have TIN and are making payments,” he said.

“We have 40,611 that have TIN, that made tax payment and, and we have 44,504 that have no TIN and no pay. So, when you look at it from a glance, we have close to 75,000 in this group that are still not taxpayers and we have said the payment of tax is not only for the civil servants. It’s for all Nigerians. So, the millionaires and the billionaires will pay tax on behalf of what is due to the national coffers,” said.

He solicited the support of the Police force stressing that the service was in collaboration with other stakeholders in its war to against wealthy tax defaulters in 2019.

While speaking, the IGP Mohammed Adamu said the Police will continue to support the service because its job of revenue generation is critical to the survival of the nation.

 

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