Leaders of the South-South geopolitical zone have called for an upward review of oil derivation formula from the present 13 per cent to 50 percent and also demanded that Cross River State be accorded a...
President Muhammadu Buhari on Tuesday urged the Senate to confirm five commissioner-nominees to fill vacant positions in the Independent Corrupt Practices and Other Related Offences Commission (ICPC); and another nominee for appointment as a Federal Commissioner...
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has written to the 36 state governors of the federation about the state of stamp duty collection and remittance in the country. He said...
Kogi and Anambra States have finally joined the league of Oil Producing States in Nigeria as their oil wells have been recognised by the Revenue Mobilisation Allocation And Fiscal Commission (RMAFC). However, the Commission explained that...
In his reaction to the suit, the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami said yesterday that International recovery of funds is governed by ‘conflict of laws principles and not local...
The Supreme Court has granted an order of injunction restraining the Federal Government from ceding 17 disputed oil wells located at Akri and Mbede in Rivers to Imo. The apex court granted the order on Wednesday...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said that the process to alter the national revenue allocation formula by the federal government, states and local governments starts will start next month. Under the current...
The Federal High Court, Lagos, yesterday, ordered the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to fix the salaries and allowances of the 469 members of the National Assembly (109 in the Senate and 360...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday said a total sum of N1.54 trillion was collected by revenue generating agencies into the federation account in the first quarter of the year (Q1 2021). In...
Chairman, Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Chief Elias Mbam, has said that the commission has commenced work on the new revenue allocation sharing formula which will take effect from 2021. Mbam made this known...