x

FCT-IRS, EFCC to partner on tax compliance in FCT

By Joyce Remi-Babayeju

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has expressed interest in collaborating with the Economic and Financial
Crimes Commission (EFCC) to enhance tax compliance in the FCT.

The Acting Executive Chairman of the Service,
Mr Michael Ango made this known during a courtesy visit to the Executive Chairman of the EFCC, Mr Olanipekun Olukoyede at the Commission’s Corporate Headquarters on Wednesday. He said that the partnership was important because of the statutory roles of both agencies.

Mr. Ango stated that the engagement with the
EFCC was in line with mandate of the FCT-IRS to collaborate with agencies like the EFCC towards improving tax compliance in the FCT.

He noted that one of the major initiatives of the FCT-IRS in 2025 is the harmonisation of revenue collection and administration in the FCT.

Ango noted that support from an agencies like the EFCC is required to ensure that all revenue due to the FCT is collected and accounted for in a transparent manner and to enhance ease of doing business and improve revenue generation.

“This will further consolidate the massive infrastructural development in the FCT, by His Excellency, Ezenwo Nyesom Wike CON, Honourable Minister of the FCT.”

According to Ango, most suspects being investigated by EFCC for financial crimes were not tax compliant and the agency could be helpful if such persons were interrogated on their tax status and be required to fulfil their tax obligations as part of the investigation process.

The FCT-IRS boss stated that this approach could also be extended to forfeitures of assets or monies of suspects to the EFCC by the Courts.
“When suspects are being investigated or charged to Court, we would like to know, Mr Chairman their compliance level, if they escape from one door, we can catch them through another door. We will therefore be happy to partner with you, like we are doing with your sister agency, Nigerian Financial Intelligence Unit (NFIU)” he stated.

Also, Ango condoled with the EFCC on the recent
lose of its operative and commended the EFCC Executive Chairman for the excellent work he and the Commission have been doing to tackle financial crimes in the country since he assumed duty as Chief Executive of the Commission.

In his remarks, the EFCC Executive Chairman,
Mr. Olanipekun Olukoyede thanked the FCT-IRS chairman and his team for the visit and expressed willingness to partner with the Service to improve revenue collection in the FCT. Olukoyede said the Commission is in partnership with the Federal Inland Revenue Service (FIRS) and other State Internal Revenue Services and therefore would be willing to partner with the FCT-IRS to shore up its collections.

He noted the need to have a Memorandum of
Understanding (MoU) to highlight the specific areas of collaboration pointing out that such would further strengthen the relationship between the two organisations.

The EFCC Chairman further lauded the efforts of Mr. Michael Ango since his appointment as Acting Executive Chairman, adding that he has been keeping tabs with the achievements within the short period of time and also not surprised about the aggressive infrastructural development in the FCT carried out by the Honourable Minister of the FCT, which shows that taxpayer’s money is judiciously used across the territory.

Hot this week

Riyom/Barkin Ladi Reps Race: Aspirant John Chun Gains Support Ahead of 2027 Polls

By Israel Adamu, JosAs political activities build ahead of...

TCN, NISO Celebrate Workers’ Day with Novelty Football Match

By Jabiru HassanIn commemoration of Workers’ Day, the National...

Wike Hails New ECOWAS Headquarters as Symbol of Regional Unity, Diplomacy

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike, has...

ORETTE WILL MAKE A BIG DIFFERENCE IN THE SENATE – URHOBO LEADERS

The Urhobo political leaders on Wednesday announced Dr. Austin...

Former Presidential Candidate Urges Tinubu, Atiku, Obi to Engage in Policy Debate

A former presidential candidate of the defunct African Renaissance...

NUJ NEC meeting ends in Abuja with sweeping resolutions

By Patrick WemambuNigeria Union of Journalists (NUJ) National Executive...

Correspondents Chapel, FCT NUJ, Hosts Public Health Awareness Conference

By Patrick WemambuCorrespondents Chapel of the Federal Capital Territory...

SGF Advocates Technology-driven Risk Management For Resilient Economies

…Receives Pillar of Risk Management Award of Excellence.By Francis...

Vigilantes Beat, Kill Mentally Challenged 400-Level Varsity Student in Kogi

From Noah Ocheni, LokojaMen of a local vigilante group...

TCN, NISO Celebrate Workers’ Day with Novelty Football Match

By Jabiru HassanIn commemoration of Workers’ Day, the National...

IGP Warns Officers Against Misuse of Force, Says Uniform Not Shield From Justice

The Inspector-General of Police has cautioned officers against professional...

Related Articles

Popular Categories

spot_imgspot_img