OML 112: Court Restrains RMAFC, AGF From Deducting Rivers' Allocation   The Federal High Court, Abuja, has restrained the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) from deducting money from Rivers statutory allocation in respect of the OML 112 Offshore. The court on Monday, in Abuja,...

RMAFC Sets Up Panels On New Revenue Formula   The Revenue Mobilisation Allocation and Fiscal Commission on Thursday inaugurated 18 standing committees including one that would give the nation a new revenue sharing formula. The standing committees, which comprise 12 constitutional committees and six in-house committees, have...

RMAFC To Establish New Revenue Formula Committee The Revenue Mobilisation Allocation and Fiscal Commission says it will constitute a standing committee next week for the review of the revenue sharing formula among the nation’s three tiers of government. The Chairman of RMAFC, Mr Elias Mbam, who...

RMAFC Vows To Revisit The Nation's Revenue Sharing Formula   The newly reconstituted board of the Revenue Mobilisation Allocation and Fiscal Commission resumed work on Monday and vowed to revisit the nation’s revenue sharing formula. Answering questions from journalists at the inaugural meeting of the 37 commissioners...

Hope Rises For New Revenue Formula As RMAFC Gets New Board   The quest of the 36 state governments for a new revenue formula may soon become a reality as President Muhammadu Buhari is set to inaugurate the board of the Revenue Mobilisation, Allocation and Fiscal...

Tax Probe: RMAFC, Workers Bicker Over Consultants’ Engagement Workers of the Revenue Mobilisation Allocation and Fiscal Commission have disagreed with the management of the organisation over the use of consultants to probe banks for failure to remit all they collect on behalf of the government...