FAAC Shares N725.571bn March Revenue To FG, States, LGCs   The Federation Account Allocation Committee (FAAC) has distributed to the Federal, State and Local governments a total of N725.571 billion for March 2022. It was presented in a communiqué issued at the end of a virtual meeting...

In 5 Years, NNPC Others Remitted N28.58trn To Federation Account – NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that N28.58 trillion was remitted to the Federation Account between 2012 and 2016. The remittances came from three major sources: mineral revenues, non-mineral revenues...

In January, FAAC Disbursed N270bn To FG – NBS   The National Bureau of Statistics says the Federation Account Allocation Committee disbursed the sum of N270bn to the Federal Government in January 2019. The bureau said this in FAAC January 2019 disbursement statistics posted on its website. According...

FAAC Disburses N788.139bn For October Allocation   At the end of the November, 2018 Federation Account Allocation Committee (FAAC) meeting, in Kaduna, a total of N788.139 was shared among the benefiting entities for October 2018 Allocation. The N788.139 shared in Kaduna surpassed the N698.710 billion shared the...

FAAC To Probe N90bn Revenue Underpayment By FIRS   The Federation Account Allocation Committee has expressed its readiness to probe the N90bn allegedly underpaid into the Federation Account by the Federal Inland Revenue Service. The Chairman, Commissioners’ Forum of FAAC, Mahmood Yunusa, said this in a chat...

N20bn Underpayment: Osinbajo To Resolve NNPC, FAAC Disagreement The disagreement between the Nigerian National Petroleum Corporation and the Federation Account Allocation Committee over the alleged underpayment of N20bn by the NNPC to the Federation Account has been brought to the table of the Vice President,...