Revenue Mobilisation Allocation and Fiscal Commission
Lagos not paid derivation fund as oil producing state since 2018 - Commissioner
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
Mercy Johnson, hubby herald 2020 with Henod Luxury Hotels
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
Revenue allocation review plans without federalism?
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.
RMAFC to recover N100b stamp duty from banks
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…
Stakeholders decry fiscal malpractices in oil sector
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…