Nigeria’s Finance Minister Kemi Adeosun

The Finance Minister, Mrs Kemi Adeosun on Thursday told the National Economic Council, NEC that a list of about 500 Nigerians with property and trusts abroad has been obtained to determine their tax compliance status at home.

She explained that such Nigerians can take advantage of the Voluntary Assets & Income Declaration Scheme, VAIDS, to settle past taxation defaults.

According to her, letters would soon be going out to these Nigerians, including a number of prominent ones, asking them to take advantage of the tax amnesty in order to avoid prosecution and fines by simply paying up their tax defaults.

The tax amnesty, she said, is available till March next year.