Revenue Mobilisation Allocation and Fiscal Commission
Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Elias Mbam, has said that a new revenue-sharing formula is required to address emerging challenges...
7 Feb 2020
Mr Olalere Odusote, Lagos State Commissioner for Energy and Mineral Resources, on Friday said the state had not received any derivation fund since it became an oil-producing state
4 Jan 2020
Award-winning actress Mercy Johnson-Okojie and her family celebrated the Christmas holidays in a special way with friends and family with the launch of Henod Luxury Hotel
5 Sep 2019
A recent report of plans by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to review the revenue allocation sharing formula would have been greeted with some exultation if there was not a better, more urgent and more decisive course of action that could be taken to achieve a fairer and more equitable Nigeria.
8 Apr 2019
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is to probe banks over stamp duty to the tune of N100 billion. A statement yesterday by the commission’s spokesperson, Ibrahim Mohammed, in Abuja, did not specify when the probe would commence. He, however, said the inquiry would involve a forensic investigation of the funds that had…
7 Nov 2018
Stakeholders in the country’s oil and gas sector have accused oil companies of deliberately hiding information about the various deals they undertake, with the intention to dodge relevant tax payments. They alleged that some oil firms go abroad to sign deals on oil assets domiciled in Nigeria, and thus deny Nigeria the full details of…
29 Mar 2018
From the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) came yesterday a declaration that the N13.5 million reportedly collected by senators as running cost is illegal.