Davido in Trouble as FIRS Freeze His Bank Account for Not Paying Tax

Davido in Trouble as FIRS Freeze His Bank Account for Not Paying Tax

DMW leader, Davido is in trouble with the Federal Inland Revenue Service (FIRS) for not paying tax and his account has since been placed under lien, meaning, it has been frozen.

The freezing of the account will be active for 29 days after which the FIRS has said it will enforce the tax collection and automatically deduct the tax owed.

The statement from the FIRS after the freezing read: “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.”

“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.”

Other companies and persons whose accounts were placed under lien include: Citiroof Aluminium Co. Ltd, Coldstone Creamery Limited (Yaba), Grand Square Supermarket and Stores Ltd, Iyiola Omisore & Par, Open Heavens Bliss Enterprises and The Assemblies of God Nigeria. Others are Limited, 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, Obasanjo Farms Nig. Ltd (Feedmill) and United Capital Plc.

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