Nigeria’s Federation Account has received ₦1.49 trillion in reconciled arrears from revenue-generating agencies in the first half of 2025, fresh data from the Federation Accounts Allocation Committee (FAAC) has revealed. According to the FAAC Post-Mortem Sub-Committee (PMSC), which reviews inflows from statutory agencies, the remittances came from reconciled arrears previously owed by the Nigerian National … Continue reading FAAC Reconciliation: NNPC, FIRS, Others Remit ₦1.49 Trillion Arrears In Six Months