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    Home»FCT

    FCT-IRS Partners EFCC to Boost Tax Compliance in Abuja

    By National UpdateJanuary 29, 2025Updated:January 30, 2025 FCT No Comments2 Mins Read
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    The Federal Capital Territory Internal Revenue Service (FCT-IRS) is seeking a strategic partnership with the Economic and Financial Crimes Commission (EFCC) to enhance tax compliance and boost revenue generation in the nation’s capital.

    During a courtesy visit to EFCC’s Corporate Headquarters, FCT-IRS Acting Executive Chairman, Michael Ango, emphasized the need for collaboration, given the crucial roles both agencies play in financial accountability and governance.
    He highlighted that harmonizing revenue collection and administration is a key priority for 2025, ensuring transparency and efficiency in tax collection.
    Ango also proposed that the EFCC integrate tax compliance checks into its investigations, noting that many financial crime suspects often evade tax obligations.
    “If they escape through one door, we can catch them through another,” he stated, suggesting that tax compliance could be linked to asset forfeitures and financial crime investigations.
    In response, EFCC Chairman, Olanipekun Olukoyede, welcomed the proposal and expressed readiness to formalize the partnership through a Memorandum of Understanding (MoU). He acknowledged the impact of effective revenue utilization in the FCT, commending the ongoing infrastructural developments under FCT Minister Nyesom Wike.

    The collaboration between FCT-IRS and EFCC is expected to tighten tax enforcement, ensuring that individuals and businesses fulfill their financial obligations, ultimately strengthening the economy of the FCT.

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