Business RMAFC recovers N57.7bn unremitted revenue from banks - The Sun Newspaper

[Kayode Falayi]

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 intensive verification and reconciliation of revenue collections and remittances by designated banks engaged by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) between July 2012 and December 2015.

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