Entertainment

How Davido reacted to FIRS’ listing of DMW as tax defaulter

Popular Nigerian Music Superstar, Davido has reacted to a list by the Federal Inland Revenue Service, FIRS, naming his music label as part of tax defaulters in Nigeria.

On Tuesday, FIRS published names of 19,901 individuals and organisations, who default on tax payment in Nigeria.

The list which was obtained by Sahara Reporters contains prominent individuals and organisations like: Davido Music Worldwide Ltd; Open Heavens Bliss Enterprises; Coldstone Creamery Limited (Yaba); Obasanjo Farms Nig. Ltd (Feedmill); Iyiola Omisore & Par; Citiroof Aluminium Co. Ltd; Grand Square Supermarket and Stores Ltd and God is Good Motors.

FIRS gave an ultimatum to aforementioned names to pay owed tax, adding 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.”

Davido, CEO of ‘Davido Music Worldwide’ who was among those listed for tax defaulters took to his Twitter page mocking the report.

Reacting to the report by FIRS, the artiste wrote: “Lol I’m on my cash sh*t.”

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