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...

Unremitted Funds: Reps Order NEPZA To Refund N13.3bn To FG   The House of Representatives on Tuesday asked the Nigerian Export Processing Zones Authority (NEPZA) to refund to the sum of N13.3 billion unremitted funds to the federal government’s treasury. The House adhoc committee on unclaimed funds,...

Reps Probe Banks Over Dividends, Unremitted Funds   The House of Representatives, on Wednesday, resolved to set up an ad hoc committee to investigate the “suspicious and unclaimed funds” in various accounts in commercial banks in Nigeria. The House mandated the committee to also investigate the unremitted...

Reps Query NECO For Unremitted N636.7m In 2019       House of Representatives Committee on Finance, yesterday queried the National Examinations Council (NECO) for failing to remit the sum N636, 778, 000 in 2019. The Committee which grilled the Acting Registrar of NECO, Ebikibina Ogborodi, and other top...

Senate Demands Detailed Report On Alleged N4trn Unremitted Funds     Members of the Senate Public Account Committee and the officials of the office of the Auditor-General for the Federation engaged in a heated debate on Tuesday with officials of the Nigerian National Petroleum Corporation over the...

Reps: Govt Losing billions To Unremitted Funds     The House of Representatives said the Federal Government was losing huge revenue to under remittances of Internally Generated Revenue (IGR) by government agencies. It said if agencies of government were remitting adequate revenue, the government would have no business...