The Chairman of the Federal Inland Revenue Service FIRS, Tunde Fowler, has warned that tax investigators would question Nigerians with houses worth N50 million, drive N10 million car but claim to make N2 million per annum.
Fowler issued the warning while admonishing Nigerians against defaulting in the payment of their taxes.
Speaking on Arise television, Fowler said, “This country requires those taxes to develop too. Nobody will develop Nigeria except we start developing it.
“For example, if you declare that you own a car of N10 million, and a house worth N50 million, your clothes, including your suit, watch and tie maybe worth a million naira and you declare that you earn N2 million year, the question would be if you earn such amount yearly, how can you afford the house, the car, the expensive suit and the wrist watch?
“These are the questions we are asking. So, we believe quite frankly that Nigerians can be law abiding.”