14/08/2026
August 12, 2026
GOVERNMENT SPECIAL ANNOUNCEMENT
EDO STATE REVENUE CONSOLIDATION ACCOUNT
(ESTABLISHMENT AND OPERATION) LAW, 2026
The Edo State Government wishes to inform the general public that the Governor of Edo State, His Excellency, Senator Monday Okpebholo, has signed into law, the Edo State Revenue Consolidation Account (Establishment and Operation) Law, 2026.
The objectives of the Law, are, inter alia, to:
a. Establish a Revenue Consolidation Account for Edo State;
b. Ensure transparency and accountability in the management of public funds;
c. Eliminate revenue leakages and unauthorized retention of government funds;
d. Improve cash/revenue management and fiscal discipline;
e. Provide a uniform legal framework for the collection, remittance and disbursement of public revenues in the State;
f. Centralize the custody, management and disbursement of all public funds accruing to Ministries, Departments, Agencies and Parastatals of the State;
g. Prevent unauthorized retention, diversion or expenditure of public funds by Ministries, Departments, Agencies and Parastatals; and
h. Empower the Edo State Internal Revenue Service (EIRS) to coordinate the enforcement of the State's revenue laws and to engage revenue agents and consultants for the efficient collection, administration, monitoring, management and automation of Government revenue, including the deployment, operation and maintenance of technology-driven revenue collection systems within the State.
By this Law, every Ministry, Department, Agency and Parastatal of the Edo State Government shall, within the next fourteen (14) days commencing from the date of this Notice:
a. Disclose all revenue bank accounts held in its name or under its control to the Ministry of Finance; transfer all balances standing to its credit into the approved IGR Account; and close all the revenue bank accounts;
b. Cease to maintain, operate or control any separate bank account for the collection, retention or expenditure of government revenue;
c. Submit to the Ministry of Finance, the Auditor-General (State) and EIRS both hard and soft copies of its revenue statements of account and all supporting revenue records from 1st January, 2025 to the date of commencement of this law for the purpose of a comprehensive revenue audit;
d. Cease to undertake or carry out any revenue enforcement activity independently without the prior written approval of the Executive Chairman of the EIRS;
e. Cease to initiate, set up or utilize a Mobile Court for the enforcement of revenue related offences without the prior approval of the Executive Chairman of the EIRS, in collaboration with the Edo State Judiciary;
f. Cease to appoint, authorize, engage or otherwise retain any Revenue Agent, Consultant or other person or entity for the collection, administration, or management of Government revenue except with the collaboration of EIRS and prior written approval of the Governor of Edo State.
g. Ensure that all consultants engaged by Ministries, Departments, Agencies or Parastatals are regularised with EIRS within sixty (60) days from the date of this Notice.
h. Repeal all laws, regulations, circulars and administrative directives permitting all Ministries, Departments, Agencies, Parastatals and Institutions of Government to collect, retain, maintain separate revenue accounts and spend revenue collected at source.
Any Head of Ministry, Department, Agency or Parastatal, Accounting Officer, Director of Finance, Bursar, Treasurer, Principal Officer or any other public officer who fails to comply with the provisions of this law shall be liable to immediate suspension by the appropriate authority pending investigation into the alleged breach.
Where any person is apprehended for unauthorized collection, diversion, withholding or illegal receipt of Government revenue, such person, the Head of the relevant MDA and any officer or person who authorized, directed, facilitated or permitted the unlawful activity shall be jointly liable and subject to investigation and appropriate sanctions.
Furthermore, Edo State Government wishes to reiterate that the commencement of this law is in line with the new Tax Reforms.
For emphasis, the EIRS is solely responsible for the drive and supervision of all revenue collection in the State.
Edo State Government, through the EIRS, remains committed to leveraging technology to drive sustainable development in the State and safeguarding citizens against exploitation in all its forms.
Umar Musa Ikhilor, Esq.
Secretary to the State Government