Federation Account

The Fiscal Responsibility Commission (FRC) has alleged that the Federal Road Safety Corps (FRSC) is yet to remit N5.1 billion into the Federation Account from 2016 to 2019 FRC made the allegation on Wednesday in Abuja at the ongoing…
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…Highest Allocations: Lagos N299bn, Delta N247bn, Akwa-Ibom N212bn, Rivers N198bn, Kano N174bn A new report by Economic Confidential has disclosed that the Federal Government, 36 states, and the 774 local government councils in Nigeria…
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The Federal Airports Authority of Nigeria (FAAN) has called for the stoppage of its 25 per cent revenue contribution to the Federation Account to enable it to address some infrastructure gaps. Managing Director, FAAN, Mr Rabiu Yadudu, made…
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The Nigerian National Petroleum Corporation and its subsidiary, Nigerian Petroleum Development Company, and other companies in the oil and gas sector have yet to remit a total revenue of $22.06bn and N481.75bn to the Federation Account.…
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The Nigerian National Petroleum Corporation (NNPC) has said that it has been faithfully remitting all revenues accruing to it to the Federation Account. The Group Managing Director of the corporation, Dr. Maikanti Baru, gave the…
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The National Economic Council (NEC) has demanded the refund of N526billion and $21b unpaid by the Nigerian National Petroleum Corporation, (NNPC) and 16 other revenue generating Agencies including the Nigeria Customs Service and NIMASA.…
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The Nigerian Communications Commission (NCC) said it remitted N49.7 billion to the Federal Government in the first quarter of 2018. The NCC’s Director of Public Affairs Mr Tony Ojobo, said in a statement on Thursday that the remittance…
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