The Federal Ministry of Finance Voluntary Assets and Income Declaration Scheme (VAIDs) was bombarded with calls causing the lines to crash. It was assumed that the calls were related to the new UK regulation on Unexplained Wealth Orders (UWOs).
It has however been disclosed that a high volume of call has been received in the past 72 hours from property owners in the UK asking for an extension so they complete the VAIDs declaration forms.
The new law requires that foreign property owners in the UK explain the source of their funds or the lose it to the UK government. Some disturbed Nigerian property owners have visited the office to address their distress.
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