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Zacch Adedeji: Tackling tax evasion and illicit financial flows

By Aderonke Atoyebi
At the “National Conference on Illicit Financial Flows” held in Abuja on 22 July, Mr Zacch Adedeji, executive chairman, Federal Inland Revenue Service, spoke directly to the issue. He outlined how Nigeria’s tax system is being undermined by mispriced trade, profit shifting, aggressive avoidance schemes, and financial outflows disguised through legal and accounting loopholes. These practices, he said, are draining the country of revenue meant for core responsibilities, delaying infrastructure, weakening healthcare, stalling education, and undermining public safety.
Why does Nigeria, a country blessed with oil, gas, minerals, and millions of hardworking people, still struggle to meet its financial responsibilities? Why are public schools often in poor condition, hospitals lacking supplies, and some infrastructure projects delayed for years? Why does the government continue to borrow even when taxes are being paid, oil revenues are recorded, and businesses are making profits?
The answers are not difficult to find. They are in what experts describe as illicit financial flows. These are funds that are meant to support development within Nigeria but are quietly moved elsewhere. This happens through tax avoidance schemes, manipulated trade invoices, the use of anonymous companies, and international agreements that no longer reflect Nigeria’s current needs. This is not simply an issue of wrongdoing. It is a question of systems, of influence, and of long-standing practices that have allowed wealth to move out, while public services remain behind.
At the “National Conference on Illicit Financial Flows” held in Abuja on 22 July, Mr Zacch Adedeji, executive chairman, Federal Inland Revenue Service, spoke directly to the issue. He outlined how Nigeria’s tax system is being undermined by mispriced trade, profit shifting, aggressive avoidance schemes, and financial outflows disguised through legal and accounting loopholes. These practices, he said, are draining the country of revenue meant for core responsibilities, delaying infrastructure, weakening healthcare, stalling education, and undermining public safety.
The gathering brought together stakeholders including Mrs Doris Uzoka-Anite, minister of Industry, Trade and Investment; Irene Ovonji-Odida of the United Nations High-Level Panel on Illicit Financial Flows; and representatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Economic and Financial Crimes Commission (EFCC), Nigeria Customs Service, the Central Bank of Nigeria, and the Securities and Exchange Commission.
The Tax Boss said it as it is. He connected the loss to the consequences. What leaves Nigeria through these channels is not just money, but a lost opportunity. He reminded the room that no government can meet the needs of its people if it allows its revenue to be quietly extracted and transferred elsewhere. In pointing out the harm, he also placed responsibility not only on external actors but on institutions at home to strengthen the systems that protect national resources.
If we recall, Mr Zacch Adedeji has been active on multiple fronts. Not long ago, he inaugurated the Anti-Corruption and Transparency Unit at FIRS, working closely with ICPC to root out corruption in tax collection and ensure honesty in how revenue is gathered. This shows he is not just talking about change; he is making it happen.
The Tax Boss also made it clear that Nigeria must review its tax treaties with other countries. Many of these were signed decades ago and do not serve the country’s current interests. Some even allow companies to move profits out of Nigeria easily. He has started talks with several countries to change these deals and close the loopholes.
He spoke about data. About making sure Nigeria can see, in real time, what money is coming in, where it is going, and whether it is being properly taxed. He said it is not acceptable for the country to be blind to financial movements happening in its economy. He mentioned that FIRS is building a modern data engine that can track transactions more efficiently. This is what it means to upgrade the tools of revenue protection.
Another important point he made was about unity. He said the work of stopping illicit financial flows is not for FIRS alone. It will require the Nigeria Customs Service, the Central Bank, the EFCC, the ICPC, the Ministry of Finance, the Ministry of Trade, and even international partners. Everyone must be on the same page.
If we are paying attention, we will also remember that the FIRS now has a new directorate focused specifically on tackling illicit flows and recovering lost assets. It is called the Proceeds of Crime Management and Illicit Flows Coordination Directorate. It didn’t exist before. This is part of what the Tax Boss created to make sure the work is not just theoretical but backed by a unit with the power and capacity to act. The directorate is designed to coordinate internally and externally, especially with other law enforcement and anti-corruption agencies.
Mr Zacch Adedeji came with the voice of someone who understands that Nigeria is bleeding revenue and that this bleeding must stop. His words did not blame others. They called for action, for systems, for collaboration, and for urgent reforms that reflect the reality of our economy in 2025, not that of 1985.
The Tax Boss is not just managing a revenue agency. He is confronting a system that for years has quietly allowed the wealth of our dear nation to leak out without accountability. He is bringing the matter to the table, bringing people into the room, building structures, and facing what many before him avoided. The work is not done. Mr Zacch Adedeji is not doing guesswork. This kind of leadership is rare. It is serious, focused, and rooted in national interest.
Aderonke Atoyebi is the technical assistant on broadcast media to the executive chairman of the Federal Inland Revenue Service.
Featured
Nigeria’s Historic Bid for the 2030 Commonwealth Games: A Call for National and Global Support

Joel Ajayi
Nigeria is poised to make history as it seeks to host the Centenary Commonwealth Games in 2030, a monumental opportunity that promises to transform the nation’s economy, infrastructure, and global standing.
More than a sporting spectacle, the Games would serve as a catalyst for development across multiple sectors, leaving behind a legacy of national pride and sustainable growth.
The benefits of hosting the Games extend far beyond the sports arena. Nigeria stands to gain both empirical and non-empirical advantages, with direct, indirect, and induced impacts that will touch every corner of society. Infrastructural development will take center stage, with new facilities such as indoor sports halls, conference centers, and improved road networks reshaping urban landscapes while strengthening the nation’s capacity to host future international events.
Economic growth is another significant dividend. Over 10,000 jobs are expected to be created, spanning construction, facility management, event planning, and tourism services.
The hospitality industry will undergo major improvements as hotels and resorts are upgraded to meet international standards, while local restaurants, lounges, and tourist attractions will see a surge in patronage from international visitors. Small and medium enterprises, particularly in the transport, finance, and food service sectors, will become some of the greatest beneficiaries, as the Games generate new demand and expand opportunities for local businesses.
The Commonwealth Games will also accelerate the growth of Nigeria’s sports industry.
Investments in training facilities, coaching, and talent development will inspire a new generation of athletes, ensuring long-term benefits that extend beyond 2030, a major focus of the President Bola Tinubu administration.
At the same time, the process of preparing for the Games will create opportunities for Nigerians to learn new crafts, acquire technical skills, and engage in global-standard event management, thereby strengthening human capacity and innovation across industries.
Mallam Shehu Dikko, Chairman of the Nigeria Sports Commission, and Hon. Bukola Olopade, the Director General, have been widely recognized for their tireless and visionary leadership in repositioning Nigeria’s sporting sector.
Their commitment to facilitating infrastructural development and strengthening grassroots sports development has laid the foundation for Nigeria’s bold bid to host the 2030 Commonwealth Games. Under their leadership, the NSC is fostering strategic partnerships and driving innovation in sports administration, they have demonstrated the nation’s readiness to stage an event of such global magnitude.
Beyond the tangible gains, the hosting of the 2030 Commonwealth Games carries profound symbolic value. It would be a moment of unity and pride, a chance for Nigeria to showcase its cultural richness, resilience, and excellence to the world.
As a centenary edition, the Games would stand as a historic milestone not just for the Commonwealth but for Nigeria itself, cementing its place on the global stage as a capable, ambitious, and forward-looking nation.
The gains from hosting the Commonwealth Games can never be undermined or overemphasized. This is Nigeria’s time to step forward and show the world our resilience, and excellence. We call on every Nigerian, across sectors and communities, to support this noble aspiration.
Nigeria’s pursuit of the 2030 Commonwealth Games is a vision for transformation, a blueprint for national development, and a legacy project that will inspire generations to come.
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