The Federal Inland Revenue Service (FIRS) has called on global and national leaders to intensify efforts against rising cross-border crimes, warning that they undermine revenue mobilisation, fair competition, and economic growth.
Speaking at the 42nd Cambridge International Symposium on Economic Crimes, FIRS Chairman, Zacch Adedeji—represented by Prof. Bolaji Owasanoye—said practices such as tax evasion, abusive transfer pricing, and illicit financial flows put compliant businesses, especially SMEs, at a disadvantage.
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He noted that President Bola Tinubu's administration is tackling these challenges through fiscal reforms, including four new tax bills signed in June 2025 to modernise tax laws, close leakages, and align with global best practices.
Adedeji added that FIRS, transitioning into the Nigeria Revenue Service in 2026, is adopting technology-driven tools like e-invoicing, AI-powered analytics, and a National Tax Data Warehouse to simplify compliance for businesses while making tax evasion more difficult.
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