Section 122 Nigeria Tax Administration Act 2025

Section 122 of the Nigeria Tax Administration Act 2025 is about False or fictitious claim of value added tax refund. It provides as follows:

A person that receives a refund under section 56 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 100% of that amount, plus interest at prevailing the Central Bank of Nigeria Monetary Policy Rate.