• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria goes after 40, 000 millionaire tax defaulters

The Matters Press by The Matters Press
February 8, 2019
Reading Time: 2 mins read
0
Nigeria goes after 40, 000 millionaire tax defaulters

Babatunde Fowler

Babatunde Fowler

Nigeria’s Federal Inland Revenue Service (FIRS) says it will go after estimated 40, 000 millionaire tax defaulters in 2019.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Mr Wahab Gbadamosi, the Head Communications and Servicom Department of FIRS, said in Abuja on Thursday, quoting the Executive Chairman of the service, Mr Tunde Fowler.

Fowler listed the defaulters when he received the Acting Inspector General of Police, (I-G) Mohammed Adamu who paid him a courtesy visit.

Fowler said that FIRS identified 45, 000 millionaire tax evaders in 2018 and recovered N23 billion through substitution of their bank accounts.

He explained that N23 billion was realised from over 45, 000 tax defaulters that had over N100 million as turnover in their accounts.

FIRS boss said that the service would go after another estimated 40, 000 millionaire tax defaulters in 2019.

He called for collaboration with stakeholders like the Police to continue to go after wealthy tax defaulters in 2019.

Fowler requested the Nigeria Police to help the Service bring the tax evaders to pay their taxes.

He thanked the Nigerian Police Force for its support and collaboration over the years in assisting FIRS to achieve its target.

He sought for more support and collaboration to enable it recovers due taxes from more 40,000 rich tax defaulters in 2019.

“Let me put on record that the Nigeria Police Force has been extremely helpful to FIRS. Without the Police, I doubt if the Service would have been able to achieve what we have achieved.

“2018 was a successful year. The FIRS collected a total of N5.320 trillion of tax revenue. This is the highest revenue collection in the history of the service.

“This is significant, because this collection was when oil prices oscillated between $50 and $70 per barrel.

“Oil price was at an average of $100 to $120 per barrel between 2012 when FIRS collected N5.07 trillion.

“Oil component of the N5.320 trillion is N2.467 trillion, which represents 46.38 per cent, while non-oil element of the collection is N2.852 trillion, which is equal to 53.62 per cent,” he explained.

The acting I-G assured FIRS that the Police would continue to support the service because the job of revenue generation was critical to the survival of the nation.

Adamu said that the service rendered by FIRS was important for the survival of the country.

He emphasised the need for the service to be supported by all stakeholders so that it could achieve its goals.

Tags: FIRSTax
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Courts will not stop elections – INEC

Courts will not stop elections – INEC

79 candidates for presidential election

INEC insists on free, fair elections

Recommended Stories

Entrepreneurs move to establish Business Clinic

Entrepreneurs move to establish Business Clinic

February 3, 2022
Iran invests $1.2bn in free trade zones

IFC’s $50m equity investment in Lagos Free Zone is a vote of confidence on reforms in Nigeria

March 5, 2025
PENCOM launches radio programme

PFAs generated N125bn in 2021 – PenCom

August 2, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us