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Tag "Fiscal Responsibility Commission (FRC)"

FRC rakes in N725bn from independent revenue in six months

    FRC rakes in N725bn from independent revenue in six months

The Fiscal Responsibility Commission (FRC) says it generated N725 billion from independent revenue, in the first half of 2022. Victor Muruako, chairman of FRC, said this on Monday, at the

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FRC: Amendment of fiscal responsibility law will set debt limit for FG, states

    FRC: Amendment of fiscal responsibility law will set debt limit for FG, states

The Fiscal Responsibility Commission (FRC) says there’s a need for the immediate passage of the amendments to the Fiscal Responsibility Act, 2007 (FRA, 2007). The commission said the amendment would

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Fiscal commission to punish 14 banks violating loan conditions to states

    Fiscal commission to punish 14 banks violating loan conditions to states

The Fiscal Responsibility Commission (FRC) says it will punish about 14 banks and financial institutions allegedly granting loans without due process to state governments. According to NAN, Victor Muruako, FRC

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Fiscal commission: MDAs remitted N1.57trn operating surplus to consolidated revenue fund

    Fiscal commission: MDAs remitted N1.57trn operating surplus to consolidated revenue fund

The Fiscal Responsibility Commission (FRC) says it has overseen the payment of N1.57 trillion from ministries, departments and agencies (MDAs) operating surplus over the years into the consolidated revenue fund

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Fiscal commission: 32 MDAs owe FG over N1.2trn unremitted funds

  Fiscal commission: 32 MDAs owe FG over N1.2trn unremitted funds

The Fiscal Responsibility Commission (FRC) says 32 ministries, departments and agencies (MDAs) have failed to remit over N1.2 trillion of

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FRC: There’s currently no punishment for MDAs that fail to remit revenue to FG

  FRC: There’s currently no punishment for MDAs that fail to remit revenue to FG

The Fiscal Responsibility Commission (FRC) is seeking punishments for agencies that fail to remit their revenues to consolidated revenue fund

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Lagos, Katsina among 23 states that ‘exceeded borrowing limits’

  Lagos, Katsina among 23 states that ‘exceeded borrowing limits’

The Fiscal Responsibility Commission (FRC) says 23 states exceeded their borrowing limits stipulated in the guidelines provided by the Debt

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