In a stunning display of fiscal responsibility, the Economic and Financial Crimes Commission (EFCC) has triumphantly reclaimed a whopping ₦104 million from Kiara Rice Mills Limited, sending shockwaves through the Niger State Government! This jaw-dropping amount, which represents unremitted tax liabilities from 2021 to 2024, highlights the blatant disregard for tax obligations by a profitable enterprise.

According to an explosive statement from the EFCC’s spokesman, Dele Oyewale, this significant recovery follows intelligence that revealed Kiara Rice Mills, a billion-naira powerhouse nestled in Kpatsuwa Village, had been merrily dodging its tax responsibilities. Such audacious tax evasion not only flouts federal tax laws but also undermines state revenue,truly a scandal that demands attention!

After an intense investigation from the Foreign Exchange Malpractice Section of the EFCC, the commission unearthed these shocking infractions and rapidly collected the full amount owed, representing a monumental victory in the relentless battle against tax evasion! The Ilorin Zonal Directorate of the EFCC ceremoniously handed over ₦104,091,162.46 to the Niger State Government, showcasing their unwavering commitment to rooting out financial wrongdoing.

During the dramatic handover ceremony at the Commission’s Office in GRA, Ilorin, the Executive Chairman of the EFCC, Ola Olukoyede, represented by the Ilorin Zonal Director, Ansalem Ozioko, passionately reiterated the EFCC’s mission: to combat economic crimes, recover stolen funds, and restore them to the rightful owners. “This is exactly what we are doing here today!” Olukoyede exclaimed, igniting a sense of purpose and determination.

Olukoyede also called for a powerful alliance between the Niger State Government and the EFCC, emphasizing the dire need for transparency, accountability, and integrity in governance. “Be ambassadors of the EFCC! Report any misconduct that fails the integrity test!” he charged, urging all to take part in this critical fight for justice.

Receiving the recovered funds, Alhaji Aminu Bawa, Group Head of Tax Operations at the Niger State Internal Revenue Service, couldn’t contain his gratitude. “We extend our heartfelt thanks to the EFCC for this commendable recovery effort,” Bawa stated, recognizing that this remarkable development will positively transform the lives of the people in Niger State.

He confirmed that the money would be promptly allocated for developmental projects, a much-needed boost in a landscape plagued by rampant tax evasion,a significant obstacle to Nigeria's fiscal sustainability! With billions lost annually due to corporate tax avoidance and non-compliance, the stakes are incredibly high.

In a bid to combat this trend, revenue services across the nation are teaming up with the EFCC, enhancing enforcement measures to bolster internally generated revenue. This groundbreaking recovery by the EFCC not only shines a spotlight on the necessity of accountability in the financial sector but also underscores the critical role of companies meeting their tax obligations to safeguard the nation’s economic health.

This is just the beginning! The EFCC's relentless pursuit of justice and accountability will continue to shape the future of Nigeria's financial landscape,stay tuned for more sensational updates!