Nigeria's FIRS charges Well Property Development Company and nine individuals with tax evasion for understated returns, false earnings, and non-remittance.

Nigeria's Federal Inland Revenue Service (FIRS) filed a six-count charge against Lagos-based property firm, Well Property Development Company Limited, and nine individuals for tax evasion. The firm allegedly understated tax returns, falsely declared earnings, and failed to deduct and remit taxes. The case, marked FHC/ABJ/CR/293/2024 and filed on June 21, 2024, aims to strengthen tax compliance in Nigeria.

June 23, 2024
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