FIRS threatens sanctions against non-compliance with self-certification form

FIRS raked in N650bn revenue in June

The Federal Inland Revenue Service (FIRS), on Thursday clarified its statement a day earlier directing account holders in financial institutions in the country to submit self-certification forms or risk being barred. This has been perceived by some analysts as desperation on the part of the revenue generating agency to meet its revenue target set by the Federal Government. “Failure to comply with the requirement to administer or execute this form attracts sanctions which may include monetary penalty or inability to operate the account,” it tweeted. Curiously, the notification, which was…

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