The Federal Inland Revenue Service (FIRS) boss, Babatunde Fowler has warned corporate organizations that are evading taxes… “The Federal Government is processing court documents that will allow it sell properties of companies who have been evading taxes.”

Babatunde Fowler, Chairman, FIRS

“We have identified properties worth N2 trillion that belong to corporate organisations that have never filed any tax and now we are in the process of getting a court order to start selling those properties if the owners do not come and pay the taxes,” the former executive chairman of Lagos Inland Revenue Service said.”

“And this is a programme we going to roll over across the whole country and we’ve concluded in Kaduna and in Lagos, and we are going to other states.”

“On the federal level, people have declared and paid N20 billion; and one thing I will let you know is that based on the experiences of other countries, usually, people wait till the last minute.”

“In terms of applications received at the federal level, about 262 applications. So far paid is N20 billion and people are still in the process of putting together their facts and in the next two or three weeks, the figures will be different.”