The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji strengthens crackdown on illicit financial flows and tax evasion. He announced new measures to combat leakages that cost Nigeria billions in lost revenue each year.
During a policy meeting with tax stakeholders, Adedeji emphasized that the era of weak enforcement is over. He said the FIRS will deploy advanced data tools, international cooperation, and legal action to track financial crimes. These steps will close gaps in tax collection and strengthen Nigeria’s economy.
The FIRS is targeting individuals and businesses that exploit loopholes in the tax system. Adedeji explained that tax avoidance undermines development and puts an unfair burden on compliant taxpayers. He added that transparency and fairness are central to the agency’s new strategy.
Nigeria loses significant revenue through illicit outflows, particularly in trade misinvoicing and profit shifting. Zacch Adedeji strengthens crackdown to stop these practices and protect public funds. He stressed that no company or high-profile individual will be exempt from scrutiny.
Under his leadership, FIRS will increase collaboration with international bodies, banks, and customs authorities. Adedeji said the agency is already working with partners to exchange information and trace hidden assets. This will improve oversight and deter those trying to move money illegally.
He also mentioned plans to review tax treaties and close loopholes that enable multinational corporations to evade taxes. These agreements, he said, must serve Nigeria’s interests. Updating them will help the country recover funds that are rightfully due.
Adedeji pointed out that effective tax enforcement boosts national development. Revenue from taxes funds schools, hospitals, roads, and security. He urged Nigerians to support tax reforms and hold tax evaders accountable. Trust in the system, he said, grows when people see that rules apply to all.
In addition to crackdowns, FIRS will also focus on education and awareness. Adedeji believes that when citizens understand the value of taxes, they are more willing to pay. His team is working on outreach programs to inform the public and simplify the payment process.
The agency is also using digital tools to improve compliance. With automation, tracking transactions and auditing records will be faster and more accurate. Adedeji said this will reduce corruption and ensure fairness in tax assessments.
He reassured honest taxpayers that they will receive better service and protection under the new system. Meanwhile, defaulters will face strict penalties. Adedeji said accountability will be enforced at all levels, and results will be made public to build confidence.
Zacch Adedeji is building a tax system that supports national growth. His efforts to block leakages, punish evasion, and modernize FIRS show clear direction. With strong leadership and new tools, Nigeria is taking firm steps toward financial justice.
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