HomeNewsKano Revenue Service uncovers private accounts diverting public funds

Kano Revenue Service uncovers private accounts diverting public funds

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Kano State’s Internal Revenue Service has uncovered multiple private accounts used to divert public revenue, with billions of naira reportedly missing.

READ ALSO: VAT: Kano Assembly invites State’s Revenue Service Chairman

The discovery was revealed by the agency’s Executive Chairman, Dr. Zaid Abubakar, during the 2024 Annual Performance Review and Strategic Planning session for 2025.

Dr. Abubakar lamented the mismanagement of the state’s Internally Generated Revenue (IGR) under previous administrations, citing misappropriation and under-reporting of income. He emphasized that the new leadership has implemented measures to curb revenue leakages, including the introduction of a central revenue account to enhance transparency and accountability.

Despite Kano’s significant revenue potential, poor management has hindered collection efforts. However, Dr. Abubakar expressed confidence that the recent reforms could boost the state’s IGR to over N100 billion in 2025, surpassing the government’s target of N70 billion.

To further strengthen revenue generation, Governor Abba Kabir Yusuf has approved a review of the state’s tax laws, which is expected to be completed by the first quarter of 2025. Additionally, the revenue service has initiated taxpayer engagement programs to educate the public on its activities.

Dr. Abubakar commended Governor Yusuf for his support, which he said has been instrumental in improving operations.

Meanwhile, the Special Adviser on Revenue, Ibrahim Barde, urged the agency to address existing challenges, including exploring the collection of revenue on agricultural produce.

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