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Revenue Mobilisation Allocation and Fiscal Commission
The federal government has said it is considering the review of the revenue sharing formula for the three tiers of government.
The Federal Government says it will set up a committee in the coming week to review the revenue sharing formula for Federal, States and Local Governments due to current economic realities.
Benue State Governor Samuel Ortom on Friday said states are willing to pay the N30,000 national minimum wage but would do better if the revenue sharing formula undergoes an upward review.
The Revenue Mobilisation Allocation and Fiscal Commission on Sunday said there was no going back on the on-going probing of Money Deposit Banks to ascertain the amount of money they collected on behalf of revenue generating agencies of the government.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection as it expects to recover more than N100 billion from the probe.
President Muhammadu Buhari has forwarded to the Senate for confirmation names of 30 nominees as Chairman and Commissioners of the Revenue Mobilisation Allocation and Fiscal Commission.
Peoples Democratic Party Presidential Campaign Organization (PPCO) yesterday urged the National Assembly to immediately commence the process of the removal of Independent National Electoral Commission’s (INEC’s) Commissioner and President Muhammadu Buhari’s niece, Mrs. Amina Zakari.
The Nigeria Customs Service (NCS) monthly revenue profile submitted to Fed-eration Account Allocation Committee (FAAC) revealed the Service remitted the sum of N653.47 billion to the federation account within 11 months duration (January and November) 2018.
The president of the Nigeria Labour Congress, NLC, Comrade Ayuba Wabba, has said that Governors who feel they cannot pay the N30,000 minimum wage should resign.
The Socio-Economic Rights and Accountability Project has urged President Muhammadu Buhari to “intensify his government crackdown on corrupt money and recovery of other illicit wealth by public officials and institutions to fund the proposed N65,000 national minimum wage by the Nigerian Labour Congress (NLC), if he is to fulfil the needs of ordinary Nigerians who continue to struggle to make ends meet, and whom he has called his ‘constituency.’”
Civil Society Organisations (CSOs) have requested for an audit of N1.5 trillion received by the National Assembly (NASS) between 2005- 2014 as well as clarity on extra allowance paid to legislators beyond the approved amount by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
A Federal High Court in Lagos on Tuesday, ordered that hearing notices be issued and served on the National Assembly and others in a suit by Nigerian Bar Association (NBA) Second Vice President Monday Ubani.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says the nation lost about $21 billion in revenue in the last 20 years to non-review of Production Sharing Contracts (PSCs).
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 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018.
The House of Representatives has called on the Federal Government to suspend the planned sale of its 49 per cent share capital at the Nigerian Liquified Natural Gas (NLNG).
The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Lagos to order the Senate President Bukola Saraki and 108 other senators to refund “illegal and unconstitutional N13.5 monthly allowance received by each senator with interest, and to stop the lawmakers from receiving such unjustified allowances.”
Brahim Diaz is set for another spell on the sidelines after suffering an abdominal injury, Real Madrid have confirmed.
A Kabusa Grade I Area Court on Tuesday sentenced an applicant, Stephen Newman, to two years in prison for threatening to assassinate a housewife.
Former President of the Movement for the Survival of Ogoni People, MOSOP, Ledum Mittee, has advocated for general overhaul of security personnel deployed to the four local governments in Ogoniland in Rivers State to curb the rising spate of criminality and killings in the area.
A leader of Cameroon’s separatist movement, Sisiku Ayuk Tabe, and nine of his followers have been given life sentences by a military court in the capital, Yaoundé. They were convicted of rebellion, among other charges. Their lawyers accused the judge of bias and withdrew from the proceedings.
The Kwara state police command on Tuesday arraigned a second class monarch from Odo-Owa, Oke-Ero local government area, Oba Joshua Adeyemi Adimula for alleged trespass to land and threat to life.
Nigeria’s Senate President, Dr Ahmad Lawan, has paid a solidarity visit to former Deputy Senate President, Ike Ekweremadu, after he was attacked in Germany few days ago by members of the Indigenous People of Biafra, IPOB.
The Department of State Services and the London Metropolitan Police Service have received petitions to investigate the documents said to have been obtained from Cambridge University and tendered by President Muhammadu Buhari at the presidential election petition tribunal.
The Nigeria forward opened his goal account for the season as the Yellow Submarines were held in their league opener on Saturday
Governor Samuel Ortom has commended President Muhammadu for placing embargo on the allocation of foreign exchange for the importation of farm produce into the country.
Association of Licensed Telecommunications Operators of Nigeria (ALTON) has decried regulatory infractions by the National Information Technology Development Agency (NITDA) which border somewhat on communications matters within the regulatory purview of the Nigerian Communications Commission (NCC).