You are here
Home > FAAC

FAAC: FIRS remits N4.63tr into federation account

FAAC: FIRS remits N4.63tr into federation account

Uche Usim, Abuja The Federal Inland Revenue Service (FIRS), remitted N4.63 trillion into the federation account between January and November this year, in line with its mandate as a major revenue generating agency of the country. The figure is contained in a document presented to the Ministry of Finance at the final Federation Account Allocation […]
The post FAAC: FIRS remits N4.63tr into federation account appeared first on The Sun Nigeria. …

FAAC: Customs remits N653.47bn into federation account

FAAC: Customs remits N653.47bn into federation account

FAAC, headed by the Minister of Finance Mrs Zainab Ahmed, comprises Commissioners of Finance from the 36 States of the federation Uche Usim, Abuja The Nigeria Customs Service (NCS), remitted a total of N653.47 billion between January and November this year. NCS generates N100bn revenue monthly –Ali Details of the revenue flow are contained in […]
The post FAAC: Customs remits N653.47bn into federation account appeared first on The Sun Nigeria. …

FAAC: Shocker as $1.68bn is withdrawn from ECA in 3 weeks

FAAC: Shocker as $1.68bn is withdrawn from ECA in 3 weeks

Corroborating, the Accountant-General of the Federation, Ahmed Idris said FAAC did the right thing and followed due process. Uche Usim, Abuja The Federal Account Allocation Committee (FAAC) rose from its last meeting in 2018 with a startling disclosure that the Excess Crude Account (ECA) crashed from $2.319 billion to $631 million between November 25 and […]
The post FAAC: Shocker as $1.68bn is withdrawn from ECA in 3 weeks appeared first on The Sun Nigeria. …

FG increases Works Ministry’s budget from N18bn to N394 bn, says Fashola

FG increases Works Ministry’s budget from N18bn to N394 bn, says Fashola

Isaac Anumihe and Ndubuisi Orji, Abuja Minister of Power, Works and Housing, Babatunde Fashola, has disclosed that the ministry’s expansive infrastructure spending has shot its budget from N18.132 billion in 2015 to N394 billion this year. Giving his scorecard in Abuja, Fashola said that the outcome of this is that there is not one state […]
The post FG increases Works Ministry’s budget from N18bn to N394 bn, says Fashola appeared first on The Sun Nigeria. …

FAAC: FG, states, LGAs share N788.139bn in October

FAAC: FG, states, LGAs share N788.139bn in October

Figures obtained at the end of the November FAAC meeting in Kaduna showed that the N788.139 billion shared among the three tiers of government surpassed the N698.710 billion shared the previous month. Uche Usim, Abuja The Federal Government, states and Local Government Areas (LGAs) shared N788.139 billion as October revenue alloted by the Federation Account […]
The post FAAC: FG, states, LGAs share N788.139bn in October appeared first on The Sun Nigeria. …

RMAFC recovers N73bn from bank reconciliation, verification

RMAFC recovers N73bn from bank reconciliation, verification

RMAFC had successfully carried out verification and reconciliation of collections by banks where recoveries totaling over N73 billion were made… Isaac Anumihe, Abuja Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday said that it has recovered over N73 billion through verification and reconciliation of collections by banks, while a similar exercises on stamp duty collections […]
The post RMAFC recovers N73bn from bank reconciliation, verification appeared first on The Sun Nigeria. …

Top