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Breaking: Buhari swears-in RMAFC Chairman, members

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President Muhammadu Buhari on Thursday swore in Engineer Elias Mbam as the Chairman and thirty Commissioners of Revenue Mobilization, Allocation and Fiscal Commission [RMAFC] at the State House.

The ceremony started around 12 noon at the Council Chamber.

The Commission is established by law to monitor the accruals into and disbursement of revenue from the Federation Account; Review from time to time, the revenue allocation formulae and principles in operation to ensure conformity with changing realities.

Such revenue formulae must be approved by the National Assembly.

Details shortly…

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