The Economic and Financial Crimes Commission (EFCC) has recovered N104,091,162.46 in unremitted taxes from Kiara Rice Mills Limited and handed the funds over to the Niger State Government.
EFCC spokesperson Dele Oyewale said the recovery followed intelligence received in February 2025 indicating that the multi-billion-naira rice mill in Kpatsuwa, Mokwa LGA, failed to remit its tax obligations between 2021 and 2024, despite operating profitably violating federal and state revenue laws.
After investigations by the Commission’s Foreign Exchange Malpractice Section confirmed the infractions, the EFCC secured full repayment of the outstanding taxes.
At a brief ceremony in Ilorin, EFCC Chairman Ola Olukoyede, represented by Ilorin Zonal Director Ansalam Ozioko, said the commission remains committed to recovering public funds and enforcing financial accountability.
“Our mandate is to prevent, investigate, and prosecute economic crimes and return stolen funds to rightful owners. That is what we have done today,” he stated, urging continued collaboration with the Niger State Government.
Receiving the funds on behalf of the state, Aminu Bawa, Group Head of Tax Operations at the Niger State Internal Revenue Service, praised the EFCC’s diligence and said the recovered money would be channelled into development projects.
Nigeria continues to lose billions annually to tax evasion and non-remittance, prompting closer cooperation between revenue agencies and the EFCC to strengthen enforcement and boost internally generated revenue.
