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Revenue Mobilisation Allocation and Fiscal Commission

The Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Elias Mbam, disclosed this in Abuja on Tuesday.

Federal government considering review of revenue sharing formula

The federal government has said it is considering the review of the revenue sharing formula for the three tiers of government.

Federal government to review revenue sharing formula

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.

Governor Ortom: Why federal government must increase revenue allocated to states

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.

RMAFC: No going back on banks’ probe for tax collection verification

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.

Revenue commission to probe banks over N100 billion stamp duties

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.
The President of the Senate, Dr Bukola Saraki has cautioned politicians against overheating the polity ahead the general elections.

President Buhari sends names of RMAFC chairman, commissioners to Senate

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.
Kola Ologbondiyan

Elections: PDP urges National Assembly to remove Amina Zakari From INEC

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.

Customs generates N1.1 trillion, remits N653.47 billion in 11 months

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.
Ayuba Wabba

NLC: Governors who cannot pay new minimum wage should resign

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.
Hamman Tukur

Ex-RMAFC chief Hamman Tukur passes on

The former Chairman of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Hamman Tukur, who introduced monetisation policy died in Kaduna on Saturday and has been buried according to Islamic rites.
4 President Muhammadu Buhari addressing the Leaders of the delegation, His Majesty Eze Dr. Isaac Ikonne, Enyi 1 of Aba and his delegation in an audience at the State House in Abuja. PHOTO; SUNDAY AGHAEZE. SEPT 14 2018

Muhammadu Buhari urged to intensify crackdown on corrupt money to fund minimum wage

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.’”
National Assembly

National Assembly: CSOs request audit of N1.5 trillion received in nine years

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).
National Assembly

Suit seeking to stop National Assembly’s running costs adjourned

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.

RMAFC: Nigeria loses $21 billion to non-review of PSCs

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).

FAAC: Federal, states, local governments share N701 billion for April

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.

Report: States withdrew N593 billion from federation account in three months

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.

House of Representatives urges federal government to halt sale of NLNG shares

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).

SERAP sues Senators, wants refund of illegal N13.5m allowance

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.”

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Kwara monarch docked for alleged threat to life, trespass

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