EFCC Recovers ₦104m Unremitted Taxes from Kiara Rice Mills, Hands Funds to Niger State Government

The Economic and Financial Crimes Commission has returned ₦104,091,162.46 to the Niger State Government after successfully recovering the amount from Kiara Rice Mills Limited.

According to the EFCC, the money represents the company’s unremitted tax liabilities accumulated between 2021 and 2024.

In a statement issued on Thursday by its spokesperson, Dele Oyewale, the commission explained that intelligence received in February 2025 revealed that the multi-billion-naira company, based in Kpatsuwa Village, Mokwa LGA, had failed to fully remit its tax obligations despite operating profitably, violating federal tax laws and state revenue regulations.

The EFCC said that following an investigation by its Foreign Exchange Malpractice Section, the infractions were confirmed, and the outstanding taxes were fully recovered.

“The Ilorin Zonal Directorate of the EFCC has handed over ₦104,091,162.46 to the Niger State Government,” the commission said. The official handover took place on Wednesday, November 12, 2025, at the Ilorin office after the recovery from Kiara Rice Mills.

During the presentation, EFCC Chairman Ola Olukoyede—represented by Ilorin Zonal Director Ansalem Ozioko—reiterated the agency’s dedication to ensuring public funds are protected and returned to their rightful owners.

He stated, “The function of the EFCC is to prevent, investigate, and prosecute economic and financial crimes, recover what was stolen, and return it to the rightful owners. That is exactly what we are doing here today.”

Olukoyede called for continued collaboration between the Niger State Government and the commission to promote transparency, accountability, and integrity in governance.

Receiving the funds on behalf of the state, Alhaji Aminu Bawa, Group Head of Tax Operations at the Niger State Internal Revenue Service, praised the EFCC’s professionalism. He noted that the recovered amount would be credited to the state’s account and channelled into developmental projects.

Tax evasion and non-remittance of taxes remain major obstacles to Nigeria’s revenue growth, with authorities estimating the loss of billions of dollars annually due to avoidance, profit shifting, and non-compliance. Several state revenue agencies are now partnering with the EFCC to enhance enforcement and boost internally generated revenue.