By Ibiyemi Mathew The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has said that the Nigeria National Petroleum Company Limited (NNPCL) withheld the sum of N8.480 trillion from the Federation Account between January last year and May 2023. The Commission’s…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says the electronic collection of data from states and local governments will be finalised in March. The Chairman, RMAFC, Mr Muhammed Shehu said this on the sideline of an event on Monday…
The Bayelsa Government has urged the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) to obey the Supreme Court order over the disputed Soku oil and gas fields, which ownership is in contention between Bayelsa and Rivers States. Gov. Douye Diri…
In a bid to provide succour and ensure the payment of the entitlements of ex-workers of aviation ground handling service provider – Skyway Aviation Handling Company Plc (SAHCO), the National Council on Privatization (NCP), presided over by Vice President Yemi…
The President of the Senate, Ahmad Lawan has made a strong case for a better funding arrangement for the Revenue Mobilisation Allocation and Fiscal Commission(RMAFC). Lawan spoke in Abuja while playing host to RMAFC members led by the chairman, Alhaji…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reiterated its commitment to strengthen its collaboration with the Economic and Financial Crimes Commission (EFCC). This is contained in a statement issued by Mr Christian Nwachukwu, Public Relations Officer of the…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it is verifying and reconciling revenue collections in the Solid Minerals Sector of the economy. The Federal Commissioner, RMAFC, Chief Tokunbo Ajasin, stated this at a strategic meeting on the Commission’s…
Chief Austin Umahi has declined his appointment as the secretary of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). The Umahi, who is the younger brother of Gov. Dave Umahi of Ebonyi, in a statement on Thursday in Abakaliki, however…
A Financial Expert, Mr Okechukwu Unegbu, has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to review salaries and emoluments of political office holders downwards. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), made…
President Muhammadu Buhari has received fresh review of the vertical revenue allocation formula from the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC). The new report proposed a sharing formula of 45.17 per cent for the federal government, 29.79 per cent …
