Omolabake Fasogbon
The Federal Inland Revenue Service (FIRS) has disclosed that it recently discovered not less than 55,000 tax defaulters from the bank accounts substitution initiative that it embarked upon earlier this year.
The Chairman of the Service, Babatunde Fowler, made the disclosure at a stakeholders’ forum and the official presentation of the ‘Nigerian Tax Outlook 2019,’ that took place in Lagos.
Fowler, while highlighting the achievements of the service ,especially as its recorded N5.3 trillion revenue in 2018, the highest in the history of Nigeria, he stated that the feat was made possible by the various innovations and initiatives introduced by the FIRS.
“We had the tax amnesty in 2016 and we were able to generate N96 billion from people who had not declared or paid their taxes, there is also the VAID, which equally threw up…
