Top Nollywood actress, Iyabo Ojo, is not in a good frame of mind at the moment as she is complaining over an accrued personal income tax of N38 million slammed on her by the Lagos State Inland Revenue Service.
The Yoruba movie star took to her Instagram account to lament the heavy tax debt levied on her by the Lagos State tax agency, wondering how she will be able to offset such a huge debt hanging on her neck.
In a long post on her Instagram page which she later deleted, the Divorced Not Allowed star says she was contemplating shutting down her Fespris chain of businesses because of the huge tax load.
The Omolewa actress added that after struggling to make little or no profit from her businesses, she was slammed with the outrageous tax papers.
Iyabo tagged the Lagos State governor, Babajide Sanwo-Olu, in the post where she wondered how the tax officials arrived at the sum for her Personal Income Tax.
She further revealed that the remuneration from acting is unbelievably poor saying, ‘…or is it from my acting that we are poorly paid?’
Read her post here:
“Well! it’s so sad that I may have to finally close down my business soon. Because I don’t even know how or where to start this negotiation with Lagos State from. I’m still struggling with making profit, after paying rent, salaries, maintenance, electricity, local & state govt taxes in different categories & levy, I hardly make little or no profit.
My fellow Nigerians, I have been asked to pay almost 38m for my income tax to Lagos State; ALMOST 38M NAIRA. Personal income bawo? #Lagosstate how?
2014 – 2017, I was still struggling with my small business in Ikeja like I’m still even doing now or is it from my acting that we are poorly paid or from where now? Pls, can someone help me explain how they arrived @ this calculations, almost 38m naira?
Please you people should kuku sell me, myself & I. I don’t even know where you want me to get this kind of money from. E ma gba mi ke.
@jidesanwoolu ni bo ni mo ti fe ri iru owo to po to yii? Seriously, I’m not understanding @ all o. I be single mother with plenty bukata oooo; I’m confused. Retiring looks like the next option o bcos doing business is very frustrating in Nigeria.”
Iyabo launched her business line in 2016 with the name Fespris. The business line has a spa, salon and facials in its kitty. In 2019, a restaurant and lounge were added to the business line.