{"id":19763,"date":"2017-12-07T15:18:00","date_gmt":"2017-12-07T14:18:00","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=19763"},"modified":"2017-12-07T15:18:00","modified_gmt":"2017-12-07T14:18:00","slug":"firms-lose-2000-properties-fct","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/firms-lose-2000-properties-fct\/","title":{"rendered":"Firms To Lose 2,000 Properties In FCT"},"content":{"rendered":"

The Federal Government is set to confiscate 2,000 properties in the Federal Capital Territory belonging to some firms following their failure to disclose the assets under the Voluntary Assets and Income Declaration Scheme.<\/p>\n

The Chairman of Federal Inland Revenue Service, Babatunde Fowler said the properties had been identified, adding that the FIRS planned to secure court orders to sell them off.<\/p>\n

\u201cWe would sell off the 2,000 properties and give the companies the change after deducting what belonged to the government as tax,\u201d he said at a media workshop on VAIDS held by the FIRS on Thursday in Abuja.<\/p>

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Fowler noted that the defaulting companies would also be penalized for withholding the tax due to the government, adding that about N17 billion had been paid by 10 firms since the introduction of VAIDS in July this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government is set to confiscate 2,000 properties in the Federal Capital Territory belonging to some firms following their failure to disclose the assets under the Voluntary Assets and Income Declaration Scheme. The Chairman of Federal Inland Revenue Service, Babatunde Fowler said the properties had been identified, adding that the FIRS planned to secure …<\/p>\n","protected":false},"author":6,"featured_media":17422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[2635],"coauthors":[2391],"class_list":["post-19763","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fct"],"yoast_head":"\nFirms To Lose 2,000 Properties In FCT - National Wire<\/title>\n<meta name=\"description\" content=\"The Federal Government is set to confiscate 2,000 properties in the Federal Capital Territory belonging to some firms following their failure to disclose\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/firms-lose-2000-properties-fct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Firms To Lose 2,000 Properties In FCT - 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