Connect with us

Housing/Property

Tax Evasion: FG, States Go After Property Owners

Published

on

The Federal Government has extended its searchlight on tax evaders with properties in highbrow areas of the country.
The Tide reports that the Federal Government had on July 1, 2017, granted tax payers a nine months grace period to regularise their tax statuses under the Voluntary Assets and Income Declaration Scheme (VAIDS).
According to a Presidency source in Abuja, the Federal Government through its data mining programme tagged “Project Lighthouse” had received documents on property owners across the country from state governments.
The source said the first set of property owners to come under scrutiny for tax compliance were owners of properties in Maitama, Asokoro, Garki ll, Wuse ll in the Federal Capital Territory (FCT).
Also those with properties in Banana Island and its environs, Magodo, Lekki and Ikoyi in Lagos State would be investigated.
The source also revealed that the Federal Government was also extending the searchlight to the Northern states, the South East and the South-South regions.
The source said that tax records and bank account details of these property owners were presently being reviewed by the team of “Project Lighthouse.”
“The extension of the searchlight on these property owners is not unconnected with Illicit Financial Flow (IFF).
” Most of these people are diverting their incomes to properties and are not paying taxes,” the source said.
It was further disclosed that some state governments had also provided electronic searchable data base for both individual and corporate property owners.
According to the source, the state governments had provided information such as name of owner, plot number, location and Certificate of Occupancy (CofO) number.
The Federal Government had recently vowed to name, shame and prosecute tax evaders from April 1, 2018, after the expiration of the grace period provided by the VAIDS programme.
Under the VAIDS programme, state governments will be major beneficiaries of the programme as after the recovery, the money will go to the states.
This is why the states are cooperating with the Federal Government on the scheme.

Print Friendly, PDF & Email
Continue Reading

Housing/Property

50-Year-Old Man Docked For N8.5m Land Fraud

Published

on

A 50-year-old man, Tunde Alabi, has appeared before a Yaba Chief Magistrates’ Court in Lagos over alleged N8.5 million land fraud.
Alabi of no fixed address, is facing a four-count charge of conspiracy, obtaining under false pretences, entry by violence and stealing.
He however, pleaded not guilty to the charge.
The prosecutor, SP Idowu Osungbure, told the court that the defendant committed the offences sometime in 2020, at Ibeju-Lekki area of Lagos.
Osungbure said the complainant, Mr Nnona Ejiofor, bought two plots of land valued at N8.5 million located at Ibeju-Lekki from the defendant who claimed it was a family land.
She said that the defendant issued a receipt of the sale to Ejiofor and he started constructing a building on the land.
The prosecutor stated that the defendant unlawfully entered the land and destroyed building materials worth N5 million belonging to the complainant.
Osungbure said that it was later discovered that the defendant was not the real owner of the land.
The offences contravened sections 411, 314 and 287 of the Criminal Laws of Lagos State, 2015 (revised) and Section 3 of the Properties Protection Law of Lagos State, 2016.
The Tide source reports that Section 314 is punishable by 15 years imprisonment for obtaining under false pretences, while 287 stipulates three years imprisonment for the offence of stealing.
The Tide source further reports that Section 3(4) of the Properties Protection Law of Lagos State, 2016 provides for 10 years imprisonment for the offence of entry by violence.
Chief Magistrate Olatunbosun Adeola admitted the defendant to bail in the sum of N500,000 with two sureties in like sum.
Adeola held that the sureties must submit copies of their National Identification Number (NIN), six months bank statements and Lagos State Residents Registration Agency (LASRRA) card.
She further directed that the sureties must reside within the court’s jurisdiction, be gainfully employed with an affidavit of means and evidence of three years tax payment to the Lagos State Government.
Adeola adjourned the case until Aug. 3 for mention.

Print Friendly, PDF & Email
Continue Reading

Housing/Property

Domestic Servant Docked For Stealing Employer’s Property

Published

on

A 26-year-old domestic servant, Sharon Francis, was docked on Thursday at a Kaduna Chief Magistrates’ Court for allegedly stealing her employer’s jewellery and other items valued N700,000.
The defendant, who resides at Ali Akilu area of Kaduna, is facing a two-count charge of conspiracy and theft.
The prosecutor, Insp. Chidi Leo, told the court that the defendant and two others, still at large, committed the offences on May 15 at Malali, Kaduna.
He alleged that the defendant and her accomplices stole clothes, jewellery, three pieces of watches and two television sets, all worth N700,000.
According to Leo, the items belong to Mrs Esther Paul.
He said that the defendant absconded after stealing the items but was later arrested in Niger.
The alleged offences are punishable under Sections 285 and 271 of the Penal Code of Kaduna State, 2017.
The defendant, however, pleaded not guilty.
The Magistrate, Ibrahim Emmanuel, granted him bail in the sum of N200,000 with two sureties in like sum.
Emmanuel also ordered that the sureties should be blood relation of the defendant and have means of livelihood.
He added that the sureties should reside within Kaduna and show evidence of tax payment to the state government.
The magistrate adjourned the case until August 20 for hearing.

Print Friendly, PDF & Email
Continue Reading

Housing/Property

Ground Rents: Asokoro, Maitama Property Owners Highest Debtors, Says FCTA

Published

on

The FCT Administration Debt Recovery Committee on Thursday said property owners in Asokoro, Industrial Area II and Maitama Districts are the highest ground rent debtors.
Mr Muhammad Sule, the Chairman, Media and Publicity sub-Committee Director, Information and Communication, disclosed this in a statement, he signed and made available to newsmen in Abuja.
According to him, property owners in Asokoro and Maitama are owing 10.67 per cent, 9.43 per cent and 9.29 per cent out of the total sum owed.
Sule said the committee was already fine-tuning legal documentations to take all property owners who had failed to pay, despite repeated warnings, to court for prosecution, revocation or outright forfeiture.
He also said that committee in the process of doing its work had discovered that many of the debtors were title holders in Asokoro, Industrial Area II and Maitama Districts, considered to be highbrow areas in the nation’s capital city, Abuja.
According to him, property owners in Asokoro District alone constitute 10.67 per cent of the ground rents defaulters.
“While the title holders in Industrial Area II and Maitama Districts comprise 9.43 per cent and 9.29 per cent, respectively.
“As the work of the Coordinating Committee on the Recovery of Outstanding Ground Rents of N29,506,643,943.98 owed the FCT Administration gathers momentum.
“Findings by the administration revealed that property owners in the highbrow areas of Asokoro, Industrial Area II and Maitama Districts are the highest debtors owing 10.67, 9.43 and 9.29 percent out of the total sum owed.
Also, property owners in other districts, such as Central Business Districts, Industrial Area I and Extension, as well as Wuse I and II are owing the Administration the tune of 8.21 per cent, 5.18 per cent, 5.1 per cent, and 4.81 per cent, respectively.”
He explained that title holders in Garki I and II, Katampe and Jabi Districts are in default of 3.4 per cent, 3 per cent, 2.21 per cent, and 2.15 per cent, respectively.
Similarly, he said property owners in other districts like Kukwaba, Gwarinpa I, Gudu, Kado, Karmo, Katampe Extention, Utako, Mabushi, Durumi, Daki-Biyu, Guzape, Jahi, Dutse Wuye, and Institutions and Research are owing various degrees of percentages.
“Thus, the committee is committed to carrying out its assignment as mandated by the FCT Administration whilst all title holders must honour their obligation to clear the debts.
“It is more honourable and responsible for property owners to rush to clear their outstanding debts because it is not going to be business as usual as the government needs these funds to fast-track the infrastructural development of the FCT.
The Tide source reports that the FCT Permanent Secretary, Mr Adesola Olusad, recently inaugurated a debt recovery committee with the mandate to recover N29 billion outstanding debts owed the FCT Administration.
The committee was directed to focus interest on ground rents and other sundry fees in the Land Administration Department as well as other stakeholder’s departments.
Meanwhile, the committee has since dissolved into sub-committees of Publicity, Administration, Legal and Finance, respectively, for effective and diligent execution of its mandate.

Print Friendly, PDF & Email
Continue Reading

Trending