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Davido Reacts As FIRS Lists His Business On Tax Defaulter’s List

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David Adeleke aka Davido, the popular Nigerian artist has recently responded to Federal Inland Revenue Service (FIRS) for including Davido Music Worldwide Limited (DMW Ltd.), his music label amongst task defaulters in Nigeria.

As earlier reported by Naija News, the list of 19,901 individuals and organisations tax defaulters was released by the FIRS on Tuesday.

The report states that most of the individuals and organisations released are renowned and respected in Nigeria and they include: Obasanjo Farms Nig. Ltd (Feedmill); Iyiola Omisore & Par; Citiroof Aluminium Co. Ltd; Coldstone Creamery Limited (Yaba); Davido Music Worldwide Ltd; Grand Square Supermarket and Stores Ltd; Open Heavens Bliss Enterprises; and God is Good Motors.

The FIRS, however, stated that if the individuals and organisations fail to do the needful before 30 days then they will be forced to pay up at all cost.

According to FIRS: “This is to notify all companies, which had their bank accounts placed under lien by the Federal Inland Revenue Service pursuant to Section 31 of the FIRSE Act but are yet to regularise their tax status with the FIRS, that if they fail, refuse or neglect to pay the tax due within 30 days of this notice, the FIRS shall in accordance with Section 49 (2) (a- d) of the FIRSE Act proceed and enforce the payment of the said tax against all the directors, managers, secretaries and every other person concerned in the management of the companies and recover the said tax from such persons without further notice.

“For the avoidance of doubt, the above section authorizes the FIRS to proceed against and punish every officer, manager, director, secretary or any person concerned with the management of the company in like manner as if he/she had committed the offense.

“Others on the list of defaulters include Tiger Foods Limited; Slot Enterprises; Payporte Technology Limited; Visionscape Sanitation Solutions Limited; Erisco Foods Limited, Hubmart Stores Limited and United Capital Plc.”

The founder of DMW, Davido was included in the just-released list of tax defaulter.

He, however, ridiculed the report on his Twitter handle.

According to: “Lol I’m on my cash sh*t.”