FCTA VOWS TO ENFORCE THE DISPLAY OF TAX CERTIFICATES BEFORE TRANSACTIONS

With respect to the order that tax clearance certificates be presented before transactions within the territory, The Federal Capital Territory Administration (FCTA), has threatened to sanction organizations, agencies, and individuals in violation.

The Minister of the Federal Capital Territory, Mallam Muhammad Musa Bello, who was represented by the FCT Permanent Secretary, Adesola Olusade said this in Abuja, Nigeria’s capital during a Town Hall meeting organized by the FCT IRS themed, DEMAND AND VERIFICATION OF TAX CLEARANCE CERTIFICATE.

He further sent a strong warning to tax evaders to desist from their actions. He stressed that not only are their actions morally wrong as they ride on the sweat of others but their actions are also serious criminal offenses for which they can face very severe penalties.

He noted that the FCTA “has the mandate to build for our nation a capital Territory comparable to the best in the world. And for over four decades, we have delivered on this mandate as Abuja has indeed turned out to be a wonderful city as testified to by visitors to the city.”

The Executive Chairman, FCT- Internal Revenue Service, Mr. Haruna Abdullahi concluded by explaining that the existing law provides that “failure to demand and verify a Tax Clearance Certificate presented by an individual is liable to sanctions and possible conviction with a fine of N5,000,000.00 (Five Million Naira) or three years imprisonment or both the fine and imprisonment”