the law empowers FIRS to appoint banks
Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), said that 6,772 cor find porate bank accounts will be frozen for defaulting on tax payments. Fowler told Zainab Ahmed, minister of finance, that the agency has collected N12.66 billion from billionaire tax defaulters in less than a month. Saying the law empowers FIRS to appoint banks as tax collection agents, he said: “So, all these ones of TIN and no business pay and no TIN and no pay, to the total of 6772 will have their accounts frozen house or put under substitution pending when they come forward. “First, they refused to come forward in 2016, they refused to come forward under VAT and are still operating here. So, we are putting them under notice that it is their civic responsibility to pay tax and to file returns on these accounts. “FIRS wrote to all commercial banks in May 2018, requesting for a list of companies, partnerships, and enterprises with a banking turnover