The Federation Account Allocation Committee (FAAC) shared a total of N559 billion among the three tiers of government in July, this year being the statutory allocation for the month of June. The distributable monthly allocation marginally increased above N500 billion for the first time in...

Facts have emerged through a painstaking and diligent investigation that the Federal Government under President Muhammadu Buhari got a total N2,203,573,573,563.25(Two trillion, two hundred and three billion, five hundred and seventy-three million, five hundred and seventy-three thousand, five hundred and sixty-three naira and twenty-five...

The Chairman, Joint Tax Board, JTB and Executive Chairman, Federal Inland Revenue Service, FIRS Mr. Tunde Fowler has said that 70 percent of over N500 billion raised for the Federal Accounts Allocation Committee, FAAC, in June came from non-oil sector. Hear him, “of the sum,...

The monthly allocation from the Federation Account crossed the N500bn threshold for the first time in 2016 as the Federation Accounts Allocation Committee distributed the sum of N559.03bn to the three tiers of government. This is even as the gross revenue accruing to the federation...

Federation Account: Table of Allocation of N311bn Disbursed in June 2016 A total sum of N311bn was disbursed to Federal, States and Local Government Councils in Nigeria at the monthly meeting of the Federation Account Committee (FAAC) which was held in June 2016. The Economic Confidential...

...FAAC pushes for fresh forensic audit of corporation The Federation Accounts Allocation Committee (FAAC) has disclosed that the Nigerian National Petroleum Corporation (NNPC) is indebted to it to the tune of N5 trillion over the last five years. The debt, according to FAAC, was incurred between...