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FG reveals what banks will do to accounts of tax defaulters

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The Federal Government has granted a 30-day term to high-profile tax delinquents to regularize their fiscal status with the Federal Internal Revenue Service (FIRS), in case they run the risk of losing the tax equivalent directly from their bank accounts to the Federal Government

Naija news report that FIRS Executive President Tunde Fowler dropped the hint on Thursday when he appeared as a guest on the program of the Nigerian Television Authority (NTA) – Platform.

He said the banks have been instructed to “sweep the accounts of delinquent prosecutors in the Federation Account after 30 days.”

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According to Fowler, the bank accounts of the delinquents identified have been put in embargo. The head of FIRS pointed out that, since the banking preventive embargo on the accounts of the tax delinquents began 60 days ago, the Service granted an additional 30 days, 90 days ago, for the delinquents to regularize their fiscal status.

He said FIRS has written 23,000 letters to high-profile delinquent prosecutors, whose names appeared on their list of delinquents.

Some of the letters, he said, have not been delivered because the addresses of the delinquents may have changed.

“The FIRS is determined because the Service is backed by law to sweep the equivalent of what the delinquents owe in the federation account.

“At the end of the 90 days, banks will be asked to transfer the tax due to the Federation Account,” he warned.