NASS empowers RMAFC to monitor remittances

National Assembly has begun a major check against revenue leakages by empowering the Revenue Mobilisation, Allocation and Fiscal Commission to monitor remittances to the Federation Account from any agency. National Assembly has begun a major check against revenue leakages by empowering the Revenue Mobilisation, Allocation and Fiscal Commission to monitor remittances to the Federation Account from any agency.

In that report, RMAFC is “to demand and obtain from any government agency or company, or any person information, data, books, documents or returns on the remittance of accruals into or disbursement of revenue from the Federation Account. National Assembly has begun a major check against revenue leakages by empowering the Revenue Mobilisation, Allocation and Fiscal Commission to monitor remittances to the Federation Account from any agency.Less than 24 hours after the Nigerian Customs Service reduced the exchange rate for calculating import duty collections at the nation's seaports to N1,407.06/$1, it was raised to N1,502.136/$1.

In a bid to address the critical need for infrastructure development across the continent, the Executive Director and CEO, UBA Africa, Mrs. Abiola Bawuah, has emphasised the importance of securing funding and forging strategic partnerships.

NNPCL RMAFC

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