Section 121 Nigeria Tax Administration Act 2025

Section 121 of the Nigeria Tax Administration Act 2025 is about False claim of tax refund. It provides as follows:

A person that receives a refund under section 55 of this Act, through a false or fictitious claim, is in addition to the recovery of the amount so received, liable to a penalty of 50% of that amount, plus interest at the prevailing Central Bank of Nigeria Monetary Policy Rate.