The Federal High Court, Abuja, has restrained the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) from deducting money from Rivers State’s statutory allocation in respect of the OML 112 Offshore.
The court, on Monday, in Abuja, also ordered RMAFC to comply with the Supreme...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), on Tuesday, said it has so far recovered about N57.7 billion unremitted revenues from collecting banks in its efforts to boost revenue accruals into the federation account.
According to the agency, the recovery followed...
The National Economic Council led by Vice-President Yemi Osinbajo was on Thursday told how some revenue generating agencies have been engaging in various financial irregularities.
According to PUNCH reports, some agencies may be in trouble as they were accused of paying salaries above the scale...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called on the federal government to increase Value Added Tax (VAT) by 50%, Daily Trust.
This will see VAT on all consumer goods increase from the current 5% to 7.5%.
This action will help government generate more revenue...
Fresh trouble is brewing for the cash-strapped Federal Government as the Revenue Mobilisation, Allocation and Fiscal Commission (RMFAC) yesterday declared that the presidency was wrong to have arrogated to itself the control of revenue generated by some 31 agencies.
RMFAC is charged with...
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The Senate Committee on Police Affairs has urged President Muhammadu Buhari to immediately investigate and prosecute of illegal withdrawals to the tune of N701, 489,494,960.61, from the Natural Resources Fund for purposes outside what the money was meant for, Leadership reports.
The outgoing chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mr. Elias Mbam, Monday revealed that the allowances of political office holders, particularly ministers, will be slashed as part of the government’s effort to reduce the cost of governance.