The Financial and Monetary Crimes Fee has handed over N104.1 million in unremitted taxes recovered from Kiara Rice Mills Restricted to the Niger State Authorities.
The funds had been formally handed over on Wednesday on the EFCC’s Ilorin Zonal Directorate following an investigation into unremitted tax liabilities owed by Kiara Rice Mills Restricted.
The Fee mentioned the recovered sum of N104,091,162.46 represents excellent taxes accrued between 2021 and 2024. The cash was recovered from Kiara Rice Mills Restricted, a multi-billion-naira rice processing firm positioned in Kpatsuwa Village, Mokwa Native Authorities Space of Niger State.
In line with the EFCC, intelligence obtained in February 2025 revealed that the corporate had did not remit its full tax obligations regardless of working profitably within the state. This prompted an investigation by the International Alternate Malpractice Part, which later confirmed the tax infractions. The EFCC mentioned the method led to full restoration of the excellent liabilities.
EFCC’s place on the restoration
Talking in the course of the handover ceremony, the Govt Chairman of the EFCC, Mr. Ola Olukoyede, was represented by the Ilorin Zonal Director, Commander of the EFCC, CE Ansalem Ozioko, Ph.D.
“The operate of the EFCC is to stop, examine, and prosecute financial and monetary crimes, get well what was stolen, and return it to the rightful house owners. That’s precisely what we’re doing right here in the present day,” he mentioned.
He urged the Niger State Authorities to proceed partnering with the Fee and to be ambassadors of the EFCC by reporting any act that fails the integrity take a look at.
Receiving the funds, the Group Head of Tax Operations on the Niger State Inner Income Service, Alhaji Aminu Bawa, recommended the EFCC for its diligence.
“On behalf of the Niger State Authorities, I want to categorical our honest appreciation to the Fee for this commendable restoration effort. This growth could have a direct and constructive impression on the lives of our individuals,” he mentioned
He added that the recovered funds could be credited into the state authorities’s account and used for growth initiatives throughout Niger State.
What you must know
In line with information shared by the EFCC, the company logged over 19,000 petitions and carried out 29,240 investigations throughout the interval, which led to 10,525 circumstances being filed in court docket and seven,503 convictions. It recovered 1,502 non-monetary property, together with 753 duplexes in Lokogoma, Abuja, and Nok College in Kaduna State, now working because the Federal College of Utilized Sciences, Kachia.
- The Fee has additionally recovered N566,319,820,343.40, $411,566,192.32, £71,306.25, €182,877.10, and different foreign currency echange between October 2023 and September 2025.
- A part of the recovered funds has been deployed into public programmes such because the College students Mortgage Scheme and the Client Credit score Scheme, with N100 billion dedicated to this point. Establishments such because the NDDC, AMCON, FIRS, and NHIA have additionally benefited from returned funds.
The EFCC highlighted a number of ongoing and concluded corruption circumstances involving former governors and ministers and confirmed that it arrested 792 suspects linked to funding and cryptocurrency fraud in Lagos in December 2024, together with 192 foreigners who had been later prosecuted and deported. It added that it has reopened a number of longstanding circumstances and arrange a Activity Drive on Naira Abuse and Dollarisation of the Financial system to curb illicit foreign money actions nationwide.