June 7, 2025

In a strategic move aimed at enhancing revenue generation and strengthening tax administration, the Executive Governor of Imo State, His Excellency, Distinguished Senator Hope Uzodimma, has secured a landmark collaboration between the Federal Inland Revenue Service (FIRS) and the Imo State Government through the Imo State Internal Revenue Service (IIRS). This collaboration will see both agencies conduct joint tax audit exercises across Imo State. The initiative, in alignment with Governor Uzodimma’s “3R” mandate—Reconstruction, Rehabilitation, and Recovery—is designed to promote transparency, reduce revenue leakages, and improve voluntary tax compliance among individuals and corporate bodies in the state. The Joint Tax Audit framework has been formally approved by the Executive Chairman of FIRS, Dr. Zacch Adedeji, via a letter transmitted through the office of the Coordinating Director, Emerging Taxpayers Group. The Imo State Government, through the Executive Chairman of IIRS, Mr. Justice Okoye (FCA), expressed deep appreciation to Dr. Adedeji for his visionary leadership and for fostering inter-agency cooperation that benefits the broader Nigerian tax system. Commendations were also extended to Mr. Kabir Abba, Coordinating Director of the Emerging Taxpayer Group, and Mr. Olugbenga Daniel, Director of the Emerging Taxpayers Department – South, for their vital roles in facilitating and rolling out the joint audit program in Imo State. This joint effort between FIRS and IIRS represents a proactive step toward building a more effective and unified tax administration. By eliminating audit overlaps, improving data accuracy, and streamlining tax processes, the collaboration is expected to yield significant benefits for both tax authorities and taxpayers. More importantly, it will contribute to creating a fair and efficient tax assessment environment. Governor Uzodimma’s administration has consistently emphasized fiscal discipline and improved internally generated revenue as cornerstones of its broader economic reform agenda. By leveraging the expertise and framework of FIRS, the state aims to cultivate a stronger tax culture that supports sustainable development initiatives and provides the necessary funding for key infrastructure and social programs. Taxpayers across Imo State are encouraged to cooperate fully with audit teams and take advantage of this opportunity to regularize their tax records. The Imo State Internal Revenue Service remains committed to effective tax governance and will continue to pursue reform-driven partnerships that boost performance and transparency in revenue administration. For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.

The Federal Inland Revenue Service (FIRS) has launched a National Intelligence Gathering System designed to collect data and identify tax evaders and defaulters across Nigeria. This development was announced by Mr. Abdullahi Ismaila, Director of Communications and Liaison at FIRS, in a statement issued Wednesday in Abuja. According to Ismaila, the Executive Chairman of FIRS, Mr. Muhammad Nami, disclosed the initiative during a collaborative visit to the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye. Nami explained that the newly introduced system aims to detect and apprehend tax evaders, ensuring they fulfill their tax obligations. The system is ICT-based and is being implemented in collaboration with the ICPC, other anti-corruption agencies, and financial institutions. He noted that the initiative is also geared toward combating financially driven crimes such as money laundering. “The ICPC is a key stakeholder in this effort. We are strengthening our collaboration to detect tax fraud and plug revenue leakages so that we can increase the funds available to government for budget implementation,” Nami said. He emphasized the importance of access to data and intelligence held by partner agencies, which would support efforts to expand the tax net and enforce compliance. Additionally, Nami stated that FIRS is undergoing a comprehensive restructuring to enhance its operational efficiency and exceed its 2020 revenue targets. For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.