New tax law targets celebrities, individuals who show off on social media and may get up 5-year jail term for evasion

For over 15-months, highly qualified agents of the federal ministry of finance have worked with the banks, Nigeria Financial Intelligent Unit (NFIU), bureau de change (BDCs), Corporate Affairs Commission (CAC), to monitor the degree of tax compliance of many celebrities and high net worth individuals. The result is the creation of Voluntary Asset and Income Declaration Scheme (VAIDS)