Federation Accounts Allocation Committee

The Federation Accounts Allocation Committee (FAAC) has shared a total of N762.597 billion to the three tiers of government for the month of June 2019. The N762.597 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and…

A whistleblower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele Mr Uboh, a financial recovery agent, wants the court to…

The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to the Kano State Governor, Abdullahi Ganduje, urging him to use his good offices and position to: “publicly reject life pensions and brand-new vehicles…

No taxpayers ’money is missing in the Federal Inland Revenue Service, FIRS, the agency announced today. The clarification came in the wake of media reports in the last few weeks, which alleged that taxpayers’ money in the custody of…

The Federation Accounts Allocation Committee on Wednesday distributed the sum of N619.85bn to the tiers of government. The amount was shared from the statutory revenue generated in the month of February. Addressing journalists shortly…

The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government a total of N610.368 billion federal revenue generated in the month of January 2019, but shared in February 2019.    The Accountant General of…

BARBARA BAKO, Abuja Henceforth, funds will be withdrawn from the Excess Crude Account (ECA) to augment revenue for distribution whenever the funds for sharing among the three components of governments is less than N680 billion.…

The Federation Accounts Allocation Committee (FAAC) is considering fresh guidelines for revenue inflows and withdrawals from the excess crude oil revenue account (ECA). Under the guidelines recommended by an ad-hoc committee constituted…

Controversy trailed Wednesday’s revelation by the Federation Accounts Allocation Committee (FAAC) that the excess crude revenue account savings has been depleted to only $631 million within three weeks. Barely three weeks ago, Minister…