The Federal Government on Thursday reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and the Federal Capital Territory. The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the Federal Inland Revenue Service (FIRS) Establishment Act. The Minister of Finance, Mrs. Kemi Adeosun, […]
The Presidency has intervened in the week-long crisis in the Federation Accounts Allocation Committee (FAAC) over unresolved discrepancies in the Nigerian National Petroleum Corporation’s (NNPC’s) revenue report to the committee which stalled disbursement of funds to the tiers of government for June. Some sources at the Presidency confirmed that the Vice President, Prof. Yemi Osinbajo, […]
In what appeared a major step towards transparency and accountability in the nation’s public finance system, the Minister of Finance, Mrs. Kemi Adeosun, today lambasted the Nigerian National Petroleum Corporation (NNPC) over its revenue discrepancies noticed at the Federation Accounts Allocation Committee (FAAC) meeting yesterday in Abuja. The minister at a briefing in Abuja described […]
For the second time in less than 90 days, alleged discrepancies in the Nigerian National Petroleum Corporation’s (NNPC’s) revenue report stalled the Federation Account Allocation Committee (FAAC) meeting yesterday in Abuja. Following the deadlock at the meeting, the state commissioners of Finance left Abuja without any decision on the revenue receipts submitted by NNPC, making […]
The Minister of Finance, Mrs. Kemi Adeosun, today confirmed that total capital cost released to Ministries, Departments and Agencies (MDAs) for the 2017 federal budget totalled N1,580,270,755,084.44 Adeosun made this known through a statement issued by the Director (Information) in her ministry, Hassan Dodo, in Abuja. She stated that the total capital releases for 2017 […]
The Federal Government today ordered all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to ensure that all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes were authenticated before making payments to them. The directive is in response to the proliferation of forged […]
The Chief of Accounts and Budget, Nigerian Air Force, Air Vice Marshall Clement Agada Ogbeche, presenting a prototype Trainer Aircraft known as “Super Mushshak” to the Honourable Minister of Finance, Mrs. Kemi Adeosun, in Abuja on Thursday