The Peoples Redemption Party (PRP) has expressed strong opposition to the recent Memorandum of Understanding (MoU) between the Federal Inland Revenue Service (FIRS) and France’s Directorate Générale des Finances Publiques (DGFP), as well as the appointment of Xpress Payment Solutions Limited as a Treasury Single Account (TSA) collecting agent.

In a statement signed by National Chairman Falalu Bello, the PRP described both actions as “reckless” and warned they threaten Nigeria’s sovereignty, economy, and national security.

The party criticized the FIRS-DGFP MoU, which focuses on digital transformation and information exchange, as effectively outsourcing Nigeria’s tax data to a foreign government. “Despite FIRS assurances, concerns remain until the MoU’s content is made public. Ceding control of our fiscal data to foreign entities exposes Nigeria to espionage, economic sabotage, and undue influence,” Bello said.

The PRP further argued that such arrangements could give external powers leverage in trade negotiations, investments, and loan agreements, describing them as neo-colonialist actions that erode national sovereignty.

Regarding the appointment of Xpress Payment Solutions as a TSA agent, Bello questioned the transparency of the process and compared it to Lagos State’s “Alpha Beta” revenue model. The party called for clarity on the company’s ownership, commission structure, and adherence to competitive tender rules.

The PRP urged the National Assembly to introduce data-sovereignty safeguards before the new tax law takes effect in January 2026. Bello also called on Nigerians and civil society to resist foreign intrusion into the nation’s financial systems.

“Tax data is the heartbeat of our economy; surrendering it to foreign control endangers our sovereignty and future. We must build a self-reliant, resilient economy that serves Nigerians first,” Bello stated.