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

Edo Ika Igbo Communities Back Anioma State Creation, Seek Inclusion in Proposed State

By Anne AzukaIka Igbo–speaking communities in Edo State have...

Wike Assures FCT Indigenes of Getting C of Os for Their Lands

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

PDP cautions Gov Eno against playing politics with Ibom Seaport

By Ogenyi Ogenyi,UyoThe PDP Advocates for Peace and Justice...

Dangote Refinery Supplies 92% of Nigeria’s Petrol as FG Halts Imports

The Nigerian Midstream and Downstream Petroleum Regulatory Authority says...

Lagos Launches Online Pre-Marital Course for Pastors, Imams, Counsellors

The Lagos State Domestic and Sexual Violence Agency (DSVA)...

Kaduna Government Warns Against Illegal Land Sales at NNPC Quarters in Sabon Tasha

By Achadu Gabriel, KadunaThe Kaduna State Government has...

Managing External and Internal Economic Shocks in Nigeria’s Oil-Dependent Economy

By Okechukwu Keshi UkaegbuGlobal disruptions—whether from wars, supply chain...

EFCC Arraigns Four in Lagos Over Alleged N91.7m Theft and N3.4m Fraud

By Francis WilfredThe Economic and Financial Crimes Commission...

Plateau APC EXCO Passes Vote of Confidence on National Chairman Nentawe Yilwatda

By Israel Adamu, JosThe Plateau State Executive Committee...

Related Articles

Popular Categories

spot_imgspot_img