The Federal Inland Revenue Service (FIRS) is seeking collaboration with the Economic Financial Crimes Commission (EFCC) in tracking and reporting local and trans-border financial transactions of companies, multinationals and high-net-worth individuals.
The Chairman of FIRS, Zacch Adedeji, emphasized the necessity of synergy between the two agencies during his visit to the Executive Chairman of EFCC, Ola Olukoyede, in Abuja.
Adedeji highlighted the transformative shift from traditional to digital and knowledge-driven economies, underlining the crucial role of cooperation in tracking and reporting financial transactions involving companies, multinationals, and high-net-worth individuals.
FIRS Chairman Adedeji acknowledged the pivotal contributions of both FIRS and EFCC in ensuring fiscal stability and combatting financial crimes in Nigeria.
The collaboration is to leverage third-party data and intelligence sharing to enhance the agencies’ capabilities in tracking financial transactions and improving tax compliance.
Adedeji proposed joint initiatives, public awareness campaigns, and stakeholder engagement to deter economic crimes and promote tax compliance.
He called for joint training programs to enhance the skills of personnel in detecting and addressing financial crimes related to tax evasion.