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Obasanjo Farms, Davido Music on list of tax defaulters

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

The agency has said it will keep the accounts under its possession until they regularise their tax status.

Chief of Staff to President Muhammadu Buhari, Alhaji Abba Kyari had sent a strongly worded query to the FIRS boss demanding an explanation why there are negative variance in the revenue generated between 2015 and 2018.

The FIRS had recently advertised that it would enforce the payment of whatever outstanding tax each company had against it.

It published the names of defaulters.

Some of the companies 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.

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