Reps Open Probe into Alleged ₦5.3tn CBN Revenue Gaps
By Oluwakemi kindness The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant General of the Federation (OAGF) to submit details of unremitted operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other […]
Reps Summon AGF, Threaten Sanctions Over Oversight Snub
By Oluwakemi Kindness The House of Representatives Public Accounts Committee has issued a final summons to the Accountant-General of the Federation (AGF), Shamseldeen Babatunde Ogunjimi, ordering him to appear before the committee on Monday, July 13, over his alleged failure to honour repeated invitations and submit key financial documents. The committee warned that it would […]
FAAC Shares ₦1.969 Trillion Federation Account Revenue
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.969 trillion for the December 2025 Federation Account Revenue among the Federal Government, State Governments, and Local Government Councils. The Federal Government received ₦653.5 billion, State Governments were allocated ₦706.469 billion, while Local Government Councils got ₦513.272 billion. In addition, ₦96.083 […]
Reps Order Accountant-General to Publish N2.4tr Contractor Payments
By Oluwakemi Kindness The House of Representatives has directed the Accountant-General of the Federation, Shamseldeen Ogunjimi, to submit a comprehensive spreadsheet detailing contractors who have received payments from the federal government’s N2.4 trillion allocation for project implementation. The directive followed disclosures by the Office of the Accountant-General that N2.4 trillion had already been disbursed to […]
AGF Tasks Federal Pay Officers On Transparency, Financial Reform Initiatives
Oluwakemi Kindness Federal Pay Officers (FPOs) have been tasked on the need to entrench transparency, dedication and professionalism in the conduct of their official duties. Accountant General of the Federation, Dr. Oluwatoyin Madein, who handed down the charge, also mandated the Federal Pay Officers to ensure that Federal Ministries, Departments and Agencies (MDAs) in the […]
FAAC Shares N1.424trn For Three Tiers Of Government
By Oluwakemi Kindness The Federation Account Allocation Committee FAAC as shared the total sum of N1.424 trillion, being December revenue to the Federal Government, States and the Local Government Councils. The sharing took place on Friday in Abuja at the January 2025 FAAC meeting. The N1.424 trillion comprises distributable statutory revenue of N386.124 billion, distributable […]
House PAC Raises Concerns Over 2024 Budget Capital Implementation
By Oluwakemi Kindness The House of Representatives Committee on Public Accounts has expressed concern at the low implementation of the capital component of the 2024 budget. This is according to the Chairman of the committee Bamidele Salam, who decried the 25 percent implementation level of the budget has revealed by the Accountant General of the […]