Tag: RMAFC

Judges salary, allowance: AGF, NJC, RMAFC, others back proposed 300%  increase

Aminu Imam
Judges salary

Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), yesterday, supported the proposed 300 percent increase in the salaries and allowances of judicial office holders in the country by President Bola Tinubu. The National Judicial Council (NJC), Nigerian Bar Association (NBA), and the Revenue Mobilisation and Fiscal Allocation Commission (RMAFC), among others, also endorsed the proposal. The bodies and other critical stakeholders spoke during a one-day public hearing on a Bill, titled: “A Bill for an Act to Prescribe the Salaries and Allowances and Fringe Benefit of…

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Adjusted Fuel Pumps: NMDRRA to sanction erring stations

Abdul-Azeez Ahmed Kadir

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations operators who alter petroleum pumps. Mr Farouk Ahmed, NMDPRA Chief Executive, said this during an interactive session with commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Friday in Abuja. Ahmed said that petrol stations caught dispensing fuel with adjusted fuel pumps would face heavy sanction. He said that the sanctions to be meted out include revocation of operating licenses, suspension from operation or shut down depending on the gravity of the offence.…

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FAAC: N5tr accrued into the Federation Account in 6 months – Report

Aminu Imam

As Nigeria battles low fund challenges, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), yesterday disclosed that N5, 244,037,636,561.60 has accrued into the Federation Account for the period January to June this year. The record is as was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN), under the caption: “CBN Federation Account Component Statement”. In an issued statement signed by the RMAFC Chairman, Mohammed Bello Shehu, out of the total gross revenue inflows into the Federation Account, N627, 301,922,426.35…

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RMAFC reveals President Tinubu, Ministers monthly salary

Aminu Imam

…To postpone salary review of political office holders The Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC) has revealed that President Bola Tinubu has a salary of less than N1.5 million, while Federal Ministers make less than N1 million. Chairman of the Commission, Mohammed Shehu, disclosed this in an interview with NAN yesterday, while refuting claims that political officeholders get exorbitant salaries.  The chairman said that due to the current economic climate, the initial intention to increase public officeholders’ wages by 114 percent has been delayed. Consequently, it will postpone the…

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President, VP, Senate President, Speaker, CJN, governors, others to enjoy pay hike – Revenue Commission

Aminu Imam

The Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC) has disclosed that it has concluded arrangements to start the process of the review of the remuneration of political and public office holders as well as judicial officers in the country. A statement from RMAFC quoted the Commission’s chairman, Mohammed Bello Shehu, as stating this during a courtesy visit to the chairman of the Nigeria Governors Forum (NGF), Sokoto State Governor, Aminu Waziri Tambuwal, in his office in Abuja. However, the Nigeria Labour Congress (NLC) and some experts said RMAFC’s statement was…

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Review salaries, emoluments of political office holders downwards, expert urges RMAFC

Abdul-Azeez Ahmed Kadir
President Buhari at national Assembly

A Financial Expert, Okechukwu Unegbu, has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to review salaries and emoluments of political office holders downwards. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), made the call in a telephone interview on Monday in Abuja. He spoke against the backdrop of plans by RMAFC to review salaries and emoluments of political office holders and judicial officers. RMAFC’s Secretary, Mohammed Shehu, had recently announced plans to partner with relevant agencies of government to review salaries and emoluments…

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Nigeria’s oil-producing States increase to 10

Aminu Imam

…As Bauchi, Gombe continue to wait Anambra State was formally admitted as oil-producing state, following an approval from the Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC), which ratified the attribution of eleven oil wells to the State. This is just as Bauchi and Gombe States continue to wait for recognition as oil-producing States, Delta, Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Abia, and Lagos welcomed the new arrival. With the Commission’s approval, which was held at its 139th plenary session, held in July, the South-eastern State is anticipated to be eligible…

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Legislators Jumbo pay: Court orders RMAFC to fix salaries of National Assembly members

Aminu Imam

A Federal High Court, in Lagos, ordered the RMAFC to fix their salaries and allowances, signalling the end of the era of jumbo pay for the legislators. In a landmark judgment yesterday, the Federal High Court ordered the Revenue Mobilisation, Allocation and Fiscal Commission, (RMAFC), to fix the salaries and allowances of the 469 members of the Upper and Lower Chambers. The judgment by Justice Chuka Austine Obiozor followed the consolidated suits brought by Monday Ubani, John Nwokwu, more than 1,500 concerned Nigerians, Socio-Economic Rights and Accountability Project (SERAP), BudgIT…

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More than N1.5tr hit Federation Account in Q1, 2021 – RMAFC

Aminu Imam

The Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC), has disclosed that the revenue generating agencies in the country made a total remittance of more than 1.5 trillion naira (N1, 538,021,801,518.37) into the Federation Account during the first quarter of 2021. The Chairman of the Commission, Engr. Elias Mbam disclosed this in Abuja while receiving a Revenue Performance report from the Post- Mortem Sub Committee of the Federal Account Allocation Committee, (FAAC), in Abuja recently. The report revealed that the Federal Inland Revenue Service made the highest remittance of seven hundred…

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FG reviewing salaries, emoluments of office holders – RMAFC

Aminu Imam

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Elias Mbam, has disclosed that the Commission had begun reviewing the emoluments of political and judicial office holders. Mbam disclosed this at the weekend, during a traditional ceremony, which held at Amagu community, in Ikwo local government area of Ebonyi. The RMAFC chairman told newsmen that a process to review the remuneration of political and judicial office holders was in progress. He stated that the Commission was saddled with the responsibility, hence it would soon conduct a public hearing…

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