Kwara State Recovers N4.8bn Tax Refunds from Previous Administration

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The Kwara State government has commenced massive recovery of revenues from the immediate past administration of the State. In a tweet posted earlier today, the governor of the State, Abdulrahman Abdulrasak, said the Economic and Financial Crimes Commission (EFCC) had recovered N4.8bn from the previous administration from unaccounted tax refunds. He also said that there was a further N111m and N50 million recovered from sources undisclosed in addition to the reclaiming of 10 properties and physical cash of about N3.6bn.

The governor noted that efforts were ongoing in recovering an additional N4bn believed stolen from the State’s Internal Revenue Service (IRS).

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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