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FAAC recovers N2.36tn, $7.87m revenue arrears

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FAAC recovers N2.36tn, $7.87m revenue arrears

12 Feb, 2026

The Federation Account Allocation Committee Post-Mortem Sub-Committee has recovered N2.36tn and $7.87m in outstanding revenue arrears collected by revenue-generating agencies but not remitted into the Federation Account, according to findings from the committee’s latest reconciliation released on Wednesday. The amount reconciled and paid into the Federation Account within the 12 months of 2025 exceeded the total reconciled in the whole of 2024 by 73.5 per cent....................................….......READ MORE