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Federal Account Allocation Committee
The Federal Government has warned some state governors in habits of hijacking Local Government Councils funds to be ready to face the consequences when their immunity is eventually expired.
Kano State Governor Abdullahi Umar Ganduje has restated his commitment to partner with relevant agencies to ensure greater economic transformation in the state.
Kano State Governor Dr. Abdullahi Umar Ganduje has restated the commitment of his administration to continue to partner with relevant agencies to ensure higher level of economic transformation in the State.
The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).
The Federal Government, states and local governments have shared N649.19 billion as revenue for the December 2018.
Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
The Federal Government, states and local governments have shared N812.76 billion as revenue for the month of November.
Kaduna State Governor, Mallam Nasir el-Rufai yesterday reiterated that getting reelected as the governor of the state is not paramount in his agenda.
The Federal Government on Wednesday urged state governments to judiciously use ecological funds to complement its efforts in addressing the multifarious ecological challenges in various communities across the country.
The Federal Account Allocation Committee (FAAC) rose from its August meeting, on Thursday, declaring that the three tiers of government shared N714.809 billion as revenue generated in July.
The Federal Government, states and local governments shared N701 billion as revenue for the month of April, the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, said on Wednesday in Abuja.
The monthly Federal Account Allocation Committee meeting, which began on Tuesday was inconclusive due to discrepancies of about N37.76 billion in revenue presented by the NNPC.
The National Bureau of Statistics (NBS) says the net Federal Account Allocation Committee (FACC) allocation to the 36 states in 2017 Fiscal Year stood at N1.73 trillion.
The Federal, States and Local Government in October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared in September.
The Governor of Central Bank of Nigeria, Godwin Emefiele has said that Nigeria has attracted investment worth $10 billion following the import prohibition policy imposed on 41 items.
A bench warrant was issued Monday for the arrest of Julius Malema, a fiery leader of one of South Africa’s main opposition parties, the Economic Freedom Fighters (EFF).
Journalist Erick Kabendera could finally walk to freedom as he has paid a TZS100 million ($43,325)for money laundering, as ordered by a Dar es Salaam court
Granit Xhaka has revealed how close he came to leaving Arsenal in January, while also confessing he would have reservations over captaining Arsenal again in the future.
A Federal High Court in Abuja on Monday ordered that a 36-year-old man, Augustine Chukwuma, who pleaded guilty to trafficking 5kg of Cocaine, be remanded in a Nigerian Correctional Service centre.
Two former African leaders, Ellen Johnson-Sirleaf of Liberia and Ernest Bai Koroma of Sierra Leone, as well as former prime minister of Ethiopia, Hailemariam Desalegn, are to deliver keynote addresses and lecture at the 83rd birthday of former President Olusegun Obasanjo.
Nigeria forward Anthony Nwakaeme is expected to be fit for Trabzonspor’s Turkish Super Lig clash against Besiktas on Saturday.
Liverpool looked to be “breaking up” when Philippe Coutinho left for Barcelona, says Diego Simeone, but the Atletico Madrid boss admits they have become “even stronger” without the Brazilian.
The Committee for the Defence of Human Rights, Delta State, has petitioned the police over the alleged detention of a 10-year-old boy, Prince Emeghene Idiovwa, by the management of a Warri-based private hospital over unpaid medical bills.
Tottenham head coach Jose Mourinho said Chelsea are favourites to finish in the Premier League's top four as he heaped pressure on Frank Lampard's side ahead of the London derby.
The Nigeria Football Federation has stated that Mr. Bitrus Bewarang remains the Technical Director of the football–governing body, and that at no time has the body called for applications from candidates for his position, not to talk of appointing anyone into the post.