The Federation Account Allocation Committee (FAAC) shared a total sum of N691bn in the month of July representing allocation for June 2016. Of the amount N528.8bn represents Statutory allocation, N79bn represents Monetary Exchange Gain difference, N6bn for NNPC Refund to FG, N9.92bn for Solid...

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...

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...

Lagos Got N178bn, Akwa-Ibom N173bn, … Gombe and Ebonyi N49bn each A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.8 trillion from the Federation Account in the one year of President...

The Nigerian National Petroleum Corporation (NNPC) said it paid N56.22 billion into the Federation Account in April, 2016. This is contained in the corporation’s Monthly Financial Report released in Abuja. “NNPC transferred N56.22 billion to the Federation Account for the month of April being proceeds from...

Federation Account: Table of Allocation of N289bn Disbursed in May 2016 A total sum of N289bn 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 April 2016. The Economic Confidential...