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Federation Accounts

Ekiti guber: Ex-Rep Bamidele urges support for Kayode Fayemi

Hon. Opeyemi Bamidele, former member of the House of Representatives has admonished the electorate to vote for Dr Kayode Fayemi, All Progressives Congress (APC) candidate for the July 14 governorship election in Ekiti State.

National Economic Council asks NNPC, NCS, NPA, others to refund N8.13 trillion

The National Economic Council (NEC) comprising the federating states and government at the centre on Thursday raised the alarm that revenue generating agencies shortchanged the government of N526 billion and $21 billion amounting to N8.13 trillion between 2010 and 2015.

KPMG report indicts NNPC, others of under-remitting into federation account

The National Economic Council (NEC) presided over on Thursday by Vice President Yemi Osinbajo has said the final report on the forensic audit of revenue accruals by revenue generating agencies confirmed massive under-remittances to the Federation Account to the tune of N8.1 trillion.

NEC: Revenue generating agencies underpaid N526 billion, $21 billion to government coffers

Various revenue generating agencies in Nigeria shortchanged the government of N526 billion and $21 billion between 2010 to 2015.

FCTA shares $2.4 billion to area councils, others

The Permanent Secretary, Federal Capital Territory (FCT), Sir Chinyeaka Ohaa, has charged the six Area Council Chairmen in the Federal Capital Territory to be prudent and make judicious use of government’s funds.

PDP mandates its lawmakers to launch restructuring bill

The Peoples Democratic Party (PDP) has mandated lawmakers elected on its platform to commence the process of putting together a bill that will ensure the actualisation of the restructuring of the country.

$50bn no longer sufficient to fix Lagos infrastructure deficits – Governor Ambode

Amid the shrinking revenues accruing to the state from the Federation Accounts, Lagos State Governor, Mr. Akinwunmi Ambode, Monday lamented the state’s infrastructure deficits, noting that $50 billion will no longer be sufficient to meet its infrastructure requirements.

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