Sir Fiddo

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[Sir Fiddo @dammyfiddo]

@RealAyanfe1 Bebeto

[Sir Fiddo @dammyfiddo]

Success is sweet!!!! 🏆@Arsenal

[Arsenal @Arsenal]

This belongs to all of us.

[Nigeria Revenue Service (NRS) @NigeriaRevenue]

Join us for Session 1 of the 2026 NRS Stakeholder Engagement Series, where we break down Nigeria's new tax reforms.

📅 Today, Wednesday, 13th May 2026
🕒 2:00 pm – 4:00 pm
📍 Virtual (via Zoom)

See you there. 👇
🔑 Zoom ID: 828 8610 7881
🔐 Passcode: 778844

[Sir Fiddo @dammyfiddo]

@Prinzcharrmin @iSlimfit @grok how do you set this up on MacBook with iPhone.

[Sir Fiddo @dammyfiddo]

@Pejuola_a Merci

[Sir Fiddo @dammyfiddo]

@OnukoguFavour @Pejuola_a Interested

[The Nigerian Investor Podcast @TNIPodcaster]

ROE, ROA ROIC Explained for beginner investors.

[Sir Fiddo @dammyfiddo]

@oladele Sure. 👍

[Ayekooto @DeeOneAyekooto]

"As a leader, it would be difficult initially to look away from the benefitting corruption in the oil subsidy and foreign exchange subsidy because a leader will make good money from that. But we removed those subsidies in the interest of Nigeria and investors so that we'll have a stable economy and smooth business environment. It was tough initially especially with the high interest rate which is now coming down drastically. We have put our hand to the plow and we are not looking back. The reforms must continue.....”

President Bola Ahmed Tinubu meets the World Bank Delegation

[Sir Fiddo @dammyfiddo]

@ali_naka @grok please context

[Sir Fiddo @dammyfiddo]

@realFemiOtedola Writing off almost 1 trillion bad loans is huge. Starting the new financial year on a clean slate will show the true performance of First Holdco. Hopefully, good business decisions will be taken going forward. Well done sir.

[Sir Fiddo @dammyfiddo]

@FabrizioRomano It's Arsenal's season

[Sir Fiddo @dammyfiddo]

@Bond_not_james This might explain why rents are unreasonably rising.

[Sir Fiddo @dammyfiddo]

@taiwoyedele Okay.

[JP Attueyi @jpattueyi]

Withholding tax (WHT) is not an extra charge you pay to the landlord or agent.

It is:
tax deducted from what the landlord or service provider should receive, and
remitted to the tax authority on their behalf.

So in your example:
Rent: ₦4,000,000
Service charge: ₦500,000
Total before tax: ₦4,500,000
The ₦495,000 WHT should be deducted from that ₦4.5m, not added on top.

How it should work correctly
Assuming the applicable WHT rate is 10%:
Total taxable payment: ₦4,500,000
WHT @ 10% = ₦450,000

You should:
Pay the landlord/agent ₦4,050,000
Remit ₦450,000 to the tax authority
Collect a WHT credit note/receipt
The landlord then uses that credit to offset their own tax.

What should NOT happen
You should NOT:
pay ₦4.5m plus ₦495k
treat WHT as an extra fee you lose
hand WHT to the agent without proof of remittance
If WHT is added on top like a surcharge, that is incorrect.

Who is responsible for remitting?
Legally:
The tenant is responsible for deducting and remitting WHT
Not the landlord
Not the agent (unless contractually agreed)

That is why you must:
remit directly to the tax authority, or
receive documentary proof if the agent insists on handling it

In summary:
The ₦495,000 is meant to be withheld, not added.

If it is being added to inflate what you pay, you are being asked to bear someone else’s tax, which is not how WHT works.

[Sir Fiddo @dammyfiddo]

@LeadersJunction Amen

[Sir Fiddo @dammyfiddo]

@Hon_Jesugbemi Well done 👍. This should be emulated in FCT too. Landlords and agents have gone rogue.

You will pay through the nose to rent an apartment in Abuja.

Different unnecessary fees, up to 25% agency and legal fees, caution fee is almost 20% of rent amount….