The Federal Inland Revenue Service (FIRS) has called for synergy between the agency and the Economic Financial Crimes Commission (EFCC) in tracking and reporting local and trans-border financial transactions of companies, multinationals and high-net-worth individuals.

Chairman of FIRS, Zacch Adedeji, made the call when he visited the Executive Chairman of the anti-graft agency, Ola Olukoyede, at his office in Abuja yesterday.

Adedeji said the collaboration was necessary as socio-economic activities “are speedily transcending from bricks-and-mortar to a digital and knowledge-driven economy”.
According to the chairman, FIRS uses third-party data, information and intelligence from sister agencies such as the EFCC to track financial transactions.

A statement by the Special Adviser on Media to the FIRS chairman, Dare Adekanmbi, said the chairman sought the commission’s support in terms of data sharing to enhance intelligence gathering and investigation.

While stressing the need for the two agencies to constantly engage and coordinate meetings to address specific challenges, the FIRS boss acknowledged the roles of FIRS and EFCC in ensuring fiscal stability and combating financial crimes in the country, revealing that the existing working relationship between the two agencies has helped in improving tax compliance.

“We should also explore the possibility of joint initiatives, public awareness campaigns, and stakeholder engagement with businesses and the general public in promoting tax compliance and deterring economic crimes.

“We could also benefit from joint training and capacity-building programmes to enhance the skills of both the FIRS and the EFCC personnel in detecting and addressing financial crimes related to tax evasion.

“I am also aware of pending tax investigation cases involving the EFCC. I humbly request the chairman to help us facilitate the transfer and closure of these cases and to enable us to collect the much-needed revenue,” he said.

While congratulating Olukoyede on his appointment, Adedeji noted: “As the nation is going through a transformational stage in repositioning its socio-economic landscape through the Renewed Hope Agenda of the president, the EFCC and the FIRS have a critical role in supporting the reforms and ensuring the desired outcomes.”