The Federal Inland Revenue Service (FIRS) has launched a national intelligence gathering system to gather data and expose all tax evaders and defaulters in the country.
The FIRS Executive Chairman, Muhammad Nami disclosed this on Wednesday in Abuja during a visit to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) Chairman, Prof. Bolaji Owasanoye.
A statement signed by the FIRS Director, Communications and Liaison Department, Abdullahi Ahmad, quoted Nami also saying that the service was restructuring and revamping its system to enable it to meet and even surpass its 2020 revenue target.
He said: “The intelligence gathering system is Information and Communication Technology (ICT)-based and is being implemented in close collaboration with the ICPC and other anti-corruption agencies as well as financial institutions to tackle economy-based crimes, including money laundering.”
Nami explained that the “ICPC is our critical stakeholder. We are improving our collaboration with the ICPC to track tax fraud and block all revenue leakages to ensure that we raise the revenue for the government of Nigeria to fund its budget.
“We need the data and intelligence which you have to help us track tax evaders and bring them into the tax net.”
Responding, Prof. Owasanoye said the ICPC was open to share data with the FIRS to track tax evaders, defaulters and tackle illicit financial flow in Nigeria to raise the revenue profile of the government.
“The collaboration between the FIRS and the ICPC is very important to Nigeria. One of the cardinal objectives of this Board of the ICPC is to widen the tax net. When we come across any company that is not tax compliant, we refer such companies to the FIRS. We have referred over 500 companies to FIRS. We want them to be captured in the tax net so that they continue to pay their taxes,” he added.