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FIRS, EFCC To Join Forces To Enhance Tax Compliance – Mr. Adedeji

Tambaya Julius by Tambaya Julius
November 29, 2023
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FIRS, EFCC To Join Forces To Enhance Tax Compliance – Mr. Adedeji
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FIRS Chairman, Mr Zacch Adedeji, advocates for a robust partnership with EFCC to monitor and disclose local and cross-border financial dealings of corporations, multinationals, and high-net-worth individuals.

The call for collaboration arises from the rapidly evolving landscape of socio-economic activities into a digital and knowledge-driven economy.

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During a visit to EFCC Chairman Mr Ola Olukoyede, Adedeji emphasizes the significance of leveraging third-party data and intelligence from agencies like EFCC to track financial transactions.

Recognizing the pivotal roles both FIRS and EFCC play in ensuring fiscal stability and combating financial crimes in Nigeria, Adedeji proposes continuous engagement, regular meetings, and joint initiatives for public awareness and stakeholder engagement to boost tax compliance.

The FIRS Chairman underscores the potential of joint training programs to enhance the skills of personnel in detecting and addressing financial crimes related to tax evasion.

Acknowledging pending tax investigation cases involving EFCC, Adedeji appeals for support in facilitating their transfer and closure to ensure the collection of essential revenue.

In light of the nation’s transformational stage through the Renewed Hope Agenda, Adedeji highlights the critical roles of EFCC and FIRS in supporting reforms and ensuring desired outcomes.

While FIRS strives to raise essential revenue, EFCC plays a crucial role in ensuring judicious utilization aligned with the social contract with the people.

EFCC Chairman Olukoyede expresses gratitude for the FIRS Chairman’s dedication, assuring the continuation of their existing relationship.

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He calls for a review of the memorandum of understanding, particularly in units such as the tax fraud section and joint task force, and proposes the release of FIRS staff to provide technical support on tax matters.

Tags: Financial CrimesPartnershipTax Compliance
Tambaya Julius

Tambaya Julius

Julius is a journalist, a BSc Holder in Mass Communication.

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