Nigeria identifies 500 tax dodgers with homes abroad

The Nigerian government has compiled the list of 500 Nigerians, some of them prominent citizens who have homes abroad and who have been tax dodgers.

Finance Minister, Mrs Kemi Adeosun, informed the National Economic Council that the list of about 500 Nigerians, who also have trusts abroad has been obtained to determine their tax compliance status at home.

She explained that such Nigerians can take advantage of the Voluntary Assets & Income Declaration Scheme, VAIDS, to settle past taxation defaults.

Letters would soon be going out to these Nigerians, including a number of prominent ones, asking them to take advantage of the tax amnesty in order to avoid prosecution and fines by simply paying up their tax defaults.

The amnesty is available till March next year.

The Council meeting was chaired by Vice President Yemi Osinbajo

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