FIRS Takes Over Bank Accounts Of Over 19,000 Tax Defaulters


The Federal Inland Revenue Service (FIRS) has taken possession of the bank accounts of over 19,000 tax defaulters.

The Service vowed to keep the accounts under its possession until the defaulters regularise their tax status.

The FIRS published the names of tax defaulters with an advice to the tax defaulters to produce some documents before the Service can release their bank accounts.

Some of the companies whose accounts have been reportedly taken over or placed under lien are 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; The Assemblies of God Nigeria; X3M Music Limited.

Some others are: 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 and United Capital Plc among many others.

To lift the lien on the business accounts, the FIRS urged the tax defaulters to take the following steps to regularize their tax status: make payments of applicable taxes for the period owed; visit the closest Substitution Review Unit (SRU) to: (a) Fill Tax payers form as required; (b) Attach evidence of tax payments made alongside the following: i. A letter to the ECFIRS on response to the substitution on your account; ii. Attach to letter (a) Copy of your last file return; (b) Copy of current tax clearance certificate; (c) Bank statement for 3 years; (d) Copy of incorporation and commencement of business.

The tax defaulters are also expected to: State Sources of income if Loan; or operate Bureau de Change etc.; the SRU team will analyse and give feedback or in the alternative “send these details to [email protected].”

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