The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Monday announced the commencement of the process for review of the Revenue Allocation Formula (RAF) between the federal, states, and local governments.

RMAFC Announces Salary Review for Public Officials   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reaffirmed its commitment to reviewing and recommending appropriate remuneration for public, political, and judicial office holders in line with its constitutional mandate. The Chairman of RMAFC, Dr Mohammed Shehu, stated...

N4.1tn Unremitted by Agencies – FAAC The monies unremitted by Revenue Generating Agencies to the coffers of the Federal Government increased to N4.1tn as of June 2024, the Federation Accounts Allocations Committee has said. FAAC stated that this was despite the agencies’ reconciliation and payment of...

Economic Realities Will Determine Salary Review - RMAFC Boss   The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mohammed Shehu, has said the commission will do what is best for the country when reviewing the pay for politicians, judges, and public officers. Earlier, media...

RMAFC, EFCC Uncovers Oil Firms’ $205m Unremitted Funds   The Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) has said that it discovered $205.01m unremitted to the federation account by oil and gas companies through joint efforts with the Economic and Financial Crimes Commission(EFCC). It noted that it had...