Nigeria’s top music act, David Adeleke widely known as Davido, has reacted to a report by the countries foremost revenue collection agency.
The Federal Inland Revenue Service (FIRS), recently released a list of tax defaulting companies which had high ranking Nigerian citizens including Davido.
According to report published by Sahara Reporters, the government agency announced it had taken possession of the bank accounts of the tax defaulters, adding that the accounts would be under its possession until they regularise their tax status.
“This is to notify all companies, which had their bank accounts placed under lien by the Federal Inland Revenue Service pursuant to Section 31 of the FIRSE Act but are yet to regularise their tax status with the FIRS, 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.
“For the avoidance of doubt, the above section authorises the FIRS to proceed against and punish every officer, manager, director, secretary or any person concerned with the management of the company in like manner as if he/she had committed the offence.”
Davido has reacted via twitter in a manner that would suggest that the Nigerian super star is less concerned about the development.
He tweeted saying; “Lol I’m on my cash shit.”
DMW is a record label owned by Davido, one of Nigeria’s top rated singer.
The label was set up immediately when the singer announced his exit from HKN, the first label he singed to. It was also where the singer released his first hit tune “Dami Duro”.
DMW houses music acts such as Mayorkun, Dremo, Ichaba, Yonda, Peruzzi, DJ ECool and Idowest.