The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Economic and Financial Crimes Commission (EFCC) have agreed to sign a Memorandum of Understanding (MoU) that will strengthen the partnership and cooperation between the two agencies in the fight against corruption.

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  • FAAC disbursements hit N2 trillion in third quarter of 2019, first time since Q4 2018.
  • Aggregate FAAC disbursement in first three quarters of 2019 is N6.115 trillion.
  • Delta State leads, Osun takes last in disbursements to states.
  • Combined disbursements to 4 highest receiving states, all in South-South, higher than combined total disbursements to 14 lowest receiving states.

Federation Account Allocation Committee (FAAC) disbursed N2.273 trillion to the three tiers of government and other statutory recipients between July and September this year.

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