14/11/2025
EFCC Hands Over ₦104.1 Million Recovered Funds to Niger State Government
The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has formally handed over the sum of ₦104,091,162.46 to the Niger State Government following the successful recovery of unremitted tax liabilities from Kiara Rice Mills Limited, located in Kpatsuwa Village, Mokwa Local Government Area of the state.
The official handover ceremony took place on Wednesday, November 12, 2025, at the EFCC’s office in GRA, Ilorin. According to the Commission, the recovered amount represents tax obligations accrued between 2021 and 2024, which the company failed to remit despite operating profitably within the state.
The EFCC, acting on intelligence received in February 2025, launched an investigation through its Foreign Exchange Malpractice Section, which confirmed the infractions and led to the full recovery of the outstanding taxes.
Speaking during the event, the Executive Chairman of the EFCC, Mr. Ola Olukoyede, represented by the Ilorin Zonal Director, Commander CE Ansalem Ozioko, Ph.D., reaffirmed the Commission’s commitment to promoting transparency and accountability in public finance.
“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 stated.
He further emphasized the importance of sustained collaboration between the EFCC and the Niger State Government, urging continuous partnership in the fight against corruption and financial misconduct.
“We urge you to continue partnering with the Commission and to be ambassadors of the EFCC by reporting any act that fails the integrity test,” he added.
Receiving the recovered funds on behalf of the Niger State Government, Alhaji Aminu Bawa, Group Head of Tax Operations at the Niger State Internal Revenue Service (NSIRS), expressed the government’s appreciation to the EFCC for its diligence and professionalism.
“On behalf of the Niger State Government, I wish to express our sincere appreciation to the Commission for this commendable recovery effort. This development will have a direct and positive impact on the lives of our people,”
Bawa said.
He confirmed that the recovered funds would be credited into the state government’s account and utilized for developmental projects across Niger State.
The EFCC reiterated its commitment to ensuring that all financial infractions are thoroughly investigated and that public funds are returned for the benefit of citizens.
Source: EFCC official Page.
