FIRS to host confab on illicit financial flows

The Federal Inland Revenue Service (FIRS) is set to host a two-day national conference on Illicit Financial Flows (IFFs) as part of initiatives to safeguard Nigeria’s financial integrity through tackling the menace which adversely impacts revenue collection. According to a statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, Dr Zacch Adedeji, […]

The Federal Inland Revenue Service (FIRS) is set to host a two-day national conference on Illicit Financial Flows (IFFs) as part of initiatives to safeguard Nigeria’s financial integrity through tackling the menace which adversely impacts revenue collection.

According to a statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, Dr Zacch Adedeji, the conference will be held between July 22 and 23.

The high-level gathering has the theme “Combating Illicit Financial Flows: Strengthening Nigeria’s Domestic Resource Mobilisation,” and will be held at the Transcorp Hilton Hotel, Abuja.

The statement said the conference will serve as a platform for reflection on actionable solutions, reinforcing the Federal Government’s commitment to protecting financial integrity and ensuring that domestic revenue is fully harnessed for national development.

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“The event will bring together experts from various fields, including policymakers, tax administrators, law enforcement agencies, anti-corruption agencies, financial experts, and international stakeholders,” he said

The statement quoted Adedeji as saying that 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.”