Nigeria: Banks to suspend directive to freeze accounts - KPMG Global
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Nigeria: Banks to suspend directive to “freeze” taxpayer bank accounts

Nigeria: Banks to suspend directive to freeze accounts

The Federal Inland Revenue Service, in a February 2019 letter sent to banks, directed the banks to suspend tax liens on bank accounts of alleged tax defaulters for a period of 30 days.

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The letter suspending the tax lien directive was intended to allow taxpayers with frozen bank accounts to regularize their tax positions.
 

Read a February 2019 report [PDF 197 KB] prepared by the KPMG member firm in Nigeria

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