Revenue Commission Discovers Unremitted Funds in Federal Account

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The Revenue Mobilization Allocation and Fiscal Commission, RMAFC, has discovered $205.01m unremitted to the federation account by oil and gas companies.

A statement issued by the Commission’s PRO, Nwachukwu Christian, said that it recovered over N192bn, which included N74bn between 2008 and 2015, as well as N118bn between 2016 and 2019, with the help of the EFCC.

The statement noted that it had been partnering with the EFCC in the area of monitoring and tracking all accruable revenue from revenue-generating agencies into the federation account.

Written by: Helen Obih

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