RMAFC Mulls Revenue Sharing Formula Review

By Tony Obiechina, Abuja
The newly reconstituted board of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is considering a revisit to the nation’s revenue sharing formula.
The Chairman of the newly reconstituted 37-member board of the commission, Mr Elias Mbam dropped the hint after its inaugural meeting in Abuja.
Answering questions from journalists, Mbam declared that the review done by the commission in 2014 was not rejected but inconclusive.
Four years after the RMAFC work on a draft of a new revenue formula for the country, the draft had not been presented to the National Assembly by the Presidency as the procedure required.
Mbam said, “On a new revenue formula, it was not rejected; it was inconclusive. Our main mandate includes monitoring accruals to and from the federation account.
It also includes a review of the revenue formula and determination of the appropriate remuneration of political office holders.“We are not going to leave any of the items. We are going to address all these issues and that is why I say we are going to be more concerned about the sources of revenuers.”
Mbam said it was the responsibility of all Nigerians to ensure that the work of the commission succeeded, even as he promised that the commission would look into what political office holders earned.
The Chairman who declined to confirm whether the review would go upwards or downwards, however added that any earning of political office holders outside the approved remuneration was outside the law.
He said, “Anything outside that Act is not known to this commission,” referring to the 2008 Political Office Holders Remuneration Act.
Mbam also promised to establish a committee on diversification and urged members of the commission to pay attention to national values even though they were appointed to represent their various states.
The RMAFC boss said, “I want to assure you that the commission as a family shall provide you with the opportunity to develop and contribute your quota to the socio-economic development of our country.
“Our mandate as a commission is to uphold and promote national interest far above primordial interests. To this end, I implore all members to approach all issues pertaining to the mandate of the commission with an open mind and nationalistic fervour for the development of our country”, he added.


Presidential candidate of Labour Party (LP), Mr Peter Obi has asked Nigerians to hold him accountable if a new Nigeria fails to emerge with him as president.
Obi threw the challenge in Abakaliki on Friday at his campaign rally.
He pledged to reform Nigeria back from consumption to production.
The LP candidate assured that the country would be restored when most qualified candidates with character, trust and competence were elected.
He maintained that the 2023 general elections must be based on character and not on or and tribe.
“We will offer you a new Nigeria and also secure and unite the country.
“Let no one deceive you with religion or tell you it is their turn. Just vote people that understand governance.
“I am not contesting as an Igbo man, a south-easterner, but as a Nigerian who is most qualified and competent to revive the country,’’ Obi said.
He commended the people of Ebonyi for their solidarity and support for the Labour Party.
He urged the electorate to vote for Mr Edward Nkwegu, the gubernatorial candidate of LP in Ebonyi to build a better nation.
In his remarks, National Chairman of Labour Party, Mr Julius Abure, appreciated the people of Ebonyi for their show of solidarity, support and commitment to the party.
Abure said the LP would produce most intelligent and credible candidates to fight poverty and insecurity in the country. (NAN)

From David Torough, Makurdi
Rev. Fr. Hyacinth Alia has again, won the gubernatorial primary rerun election conducted by the Sen. Bashir Lado led rerun committee.
Alia polled a total number of 219,002 to defeat 12 other aspirants to emerge winner.
Recall, that the court of appeal sitting in Makurdi while delivering judgement in a case filed by one of the gubernatorial aspirants, Prof.
Terhemba Shija directed the party to conduct a primary re-run election in eleven(11) local government areas of the state.While announcing the result at the APC Secretariat Makurdi, which also served as the collation Centre for the rerun, Sen. Lado, Chairman of Benue State Rerun Election Committee stated that the primary election rerun which was won by Rev. Fr. Dr. Hyacinth Alia was not only free, fair and credible but represented the wishes of APC members in Benue State.
Chairman of the party in the State, Comrade Augustine Agada while commending APC members in the state for a peaceful primary election, thanked them for their show of maturity during the rerun and termed the results of the election as no victor no vanquish, explaining that the winner in the election is not only Fr. Alia but for the entire Benue APC family.
In a good will message, Amb. Prof. Stephen Ugba who spoke on behalf of party Stakeholders, commended Benue APC for a successful exercise and called on all those who participated in the primary election to see themselves as winners.
The party immediately after the declaration of results went into a Special Congress to ratify the primary elections.
The Congress unanimously ratified and adopted Rev. Fr. Dr Hyacinth Alia as the candidate of APC Benue state for the position of governor.
The Special Congress was attended by members of the State Executive Committee of the party, Critical Stakeholders, teeming members of the APC in Benue state and members of the press.

Man has allegedly slumped and died in front of a branch of the First City Monument Bank at Ikwerre Road, Mile 1, Rivers Stateon Tuesday.
The man’s death, according, to a Twitter user, Dokubo, Kenneth Promise #EndSARS, who posted it on his Twitter handle @dokubo_kenneth, was due to frustration resulting from hostile treatment meted out on him by the customer service officials of the bank.
According to the report, the man (whose name was withheld) had been trying to withdraw money but could not, as the bank asked him to do an affidavit in order to have access to his money.
Dokubo further said the victim went with his next of kin to the bank as judicial workers had been on strike, jeopardising any process of swearing an affidavit.
Man dies at @MyFCMB in Port Harcourt due to frustration and unfriendly treatment by the customer service attendants of a bank,” Dokubo tweeted.
The man was said to have been vomiting and begging having been in the queue for five hours before he collapsed and died.
“An eyewitness at the scene of the incident disclosed that a man who hails from Asari-Toru Local Government Area of Rivers State, a customer of (First City Monument Bank) FCMB died in front of the bank.
“He was refused access to his own money since Friday even when he came with his next of kin. He was asked to go to the court to get an affidavit knowing the court is not in session.
“Narrating the event, she added, ‘The man was vomiting and at the same time begging for him to have access to his own money yet he was denied. After he was left unattended to for more than 5 hours, he just died now a few minutes ago at FCMB, Education Bus Stop, Ikwerre Road, Mile 1, she said,’” Dokubo reported on Twitter.