Nigeria is currently standing at a fiscal crossroads; while the government preaches a gospel of “taxing right,” a darker narrative is emerging from the corridors of the Federal Inland Revenue Service (FIRS) and its chairman, Zack Adedeji. New and explosive insider information suggests that nearly 7 billion Naira in taxpayer funds may have been syphoned in the span of just one month. As Nigerians grapple with the reality of new tax laws, the question remains: Is our money safe in the hands of Zack Adedeji?
Executive Summary: The ASPIVO Connection
The heart of this scandal lies in the suspicious account activities of ASPIVO GRAND RESOURCES NIG LTD (RC-1295380). This entity, once a small-scale agricultural trader, has evolved dramatically into a high-volume processor of government funds.
The core suspicions arise from explosive growth in transaction volumes and the rapid movement of large sums to a single counterparty for vague “services.” Most concerning are the massive inflows received directly from government sources, specifically labeled as the Federal Inland Revenue Service (FIRS).
The Paper Trail: From Kaduna to Lagos and Back
The allegations against FIRS Zack Adedeji involve a calculated movement of liquid cash across the federation. According to the data, ASPIVO GRAND RESOURCES NIG LTD, registered at No. 3A Jabi Road, Kaduna, serves as the primary conduit.
The funds follow a classic “layering” pattern designed to break the audit trail. On October 3, 2025, a staggering NGN 567,000,000 was credited to Aspivo’s Jaiz Bank account (0001853328) from the “Federal Inland Revenue.” Almost immediately, the money began to move. From Kaduna, funds were funneled to Lagos-linked accounts and then looped back to Abuja, where they were liquidated through Bureau De Change (BDC) operators.
Detailed Analysis of Suspicious Factors
1. Unexplained Business Evolution
The entity’s profile as a general merchandise trader does not reasonably explain its sudden capacity to receive and disburse billions of Naira in government contracts. This suggests the company may be used as a front or conduit for funds not generated from legitimate business activities.
2. Pass-Through and Layering Activity
The account exhibits classic money laundering behavior. Large inflows, like the NGN 567 million from FIRS, are followed almost immediately by massive outflows of nearly identical, round-figure amounts to a single beneficiary: DAMOO 1010 VENTURES (BN-2619336). For instance, on October 6, 2025, two separate debits of NGN 150,000,000 were processed in a single day.
3. Concentration with a Single Counterparty
The over-reliance on DAMOO 1010 VENTURES for both inflows and outflows, often labeled vaguely as “Consult Service,” is a significant red flag. This pattern indicates circular transactions or invoice fraud designed to legitimize illicit funds.
The New Tax Fears: Are Taxpayers Being Hunted by Zack Adedeji?
For the average Nigerian, this scandal hits home because it coincides with the aggressive implementation of new tax reforms. Zack Adedeji has been a vocal proponent of these changes, assuring citizens that the goal is to “tax the right people.”
However, how can we take these assurances seriously when billions are allegedly funneled through agricultural firms in Kaduna? If the FIRS cannot secure the billions it already collects, why should Nigerians trust it with even more access to their hard-earned money? The fear is no longer just about high tax rates; it is about systemic “revenue leakage” at the highest level.
Thought-Provoking Questions for the Public
This scandal raises several uncomfortable questions that the Presidency must address:
- If 7 billion Naira can disappear in just 30 days, what is the total volume of “leakage” over the past year?
- Is the “National Single Window” project a tool for efficiency, or a centralized tap for syphoning public funds?
- Why is a “general merchandise” firm in Kaduna receiving half a billion Naira from the FIRS in a single transaction?
- Is Zack Adedeji truly the reformer he claims to be, or is he overseeing a massive redistribution of taxpayer wealth into private hands?
The Need for a Forensic Audit
In light of these heavy allegations and the specific bank traces available, there are growing calls for an independent forensic audit of the FIRS project accounts. The repetitive use of large, round-figure amounts (e.g., NGN 250m) is atypical for legitimate business payments and suggests intentional structuring to avoid internal thresholds.
The Nigerian people deserve more than just denials; they deserve to know exactly why ASPIVO GRAND RESOURCES NIG LTD and DAMOO 1010 VENTURES are processing taxpayer billions. If these transactions are proven to be illicit, it would mark one of the most brazen betrayals of public trust in Nigeria’s history
The Truth Will Out in Due Time
The clock is ticking for the FIRS leadership and Zack Adedeji in general. As more traces of these transactions are brought to light, the position of Zack Adedeji becomes increasingly tenuous. Nigeria cannot afford to have its revenue-generating heart clouded by such monumental corruption. We will continue to monitor the “services” provided by these entities and the eventual destination of the 7 billion Naira.
As a matter of fact, we have damning proof of these allegations. We just want to take it one step at a time and hope the wrongs are corrected.
