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FIRS to begin sale of tax evaders’ properties
The Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler, said the government would soon begin to sell properties owned by tax evaders in the country.
Fowler, who made this disclosure on Thursday in Lagos at a stakeholders’ meeting, noted that the country was among the nations with the lowest tax revenue to Gross Domestic Product ratios in the world.
According to him, the FIRS generated a total of N3.5 trillion from taxes between January and August, 2018.
He said the amount is over N1 trillion more than the revenue generated for the same period in 2017.
“We started at home in the Federal Capital Territory, and we established over 2,000 properties and land that were built or developed in corporate names and limited liability companies.
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“The value of these properties is in excess of N2 trillion, and they (the owners) have never paid any taxes for them. We have contacted them and sent them our assessments. A number of them are paying.
“But for those that have owners that are not paying, we will go to court to get the approval or court order to sell those properties.
“We are not only doing that in Abuja. We have concluded in Lagos; we are currently going to Osun, Oyo, Kaduna; and eventually, we will cover the whole federation,” Fowler said.
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