Abuja, July 14, 2025 – The Federal Inland Revenue Service (FIRS) is committed to ridding the country of illicit financial flows (IFFs).
Zacch Adedeji, Its Chairman, said the agency was taking proactive steps to achieve this, especially through capacity building of its personnel.
He expressed this commitment in a statement issued on Sunday by Dare Adekanmbi, the Special Adviser on Media to the FIRS Chairman.
The FIRS boss said the capacity-building programmes for FIRS personnel were to identify and curb illicit financial flows, especially from multinational corporations.
Adedeji said before now, the agency had set in motion machinery to tackle IFFs by approving capacity building programmes for staff members of the agency on how to identify and block IFFs, and to increase revenue collection from the multinational corporations.
He said the establishment of the Proceeds of Crime Management and Illicit Financial Flows Coordinating Directorate was another move aimed at institutionalising the fight against IFFs within the service.
Adedeji said the federal government had previously established an Inter-Agency Committee on Stopping IFFs from Nigeria made up of the FIRS, the Nigerian Financial Intelligence Unit, the ICPC, the EFCC, the CBN and SEC.
He said that in furtherance of these efforts, the agency was planning to hold a two-day national conference on illicit financial flows to combat tax evasion and safeguard Nigeria’s financial system.
Adedeji said the conference with the theme: “Combating Illicit Financial Flows: Strengthening Nigeria’s Domestic Resource Mobilisation,” would hold in Abuja from July 22 to July 23.
According to him, the event will draw policymakers, tax administrators, law enforcement agencies, anti-corruption bodies, financial experts, and international stakeholders to discuss practical solutions to tackle IFFs and improve revenue collection.
“The conference will spotlight the agency’s intensified efforts in tackling IFFs, including strengthening compliance mechanisms, enhancing beneficial ownership transparency, and leveraging technology to detect and deter tax evasion, trade mispricing, and other illicit outflows,” he said.
