RMAFC Launches Committee to Verify Oil and Gas Wells
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) inaugurated a reconstituted Inter-Agency Technical Committee (IATC) on September 16, 2026, to verify disputed and newly drilled oil and gas wells from 2017 to date. This initiative aims to enhance fiscal transparency, equitable revenue allocation, and institutional integrity in Nigeria.
Dr. Mohammed Bello Shehu, Chairman of RMAFC, stated that the verification process is essential for the fair distribution of the 13 percent Derivation Fund among oil-producing states. The previous draft report on the verification exercise was discarded due to various claims and complaints from states.
The IATC will ensure accurate plotting of verified coordinates on approved maps and will consist of technical officers from RMAFC, OSGoF, NBC, and NUPRC. A two-tier governance structure will oversee the verification process, with the Executive Committee providing strategic direction.
Dr. Shehu emphasized the importance of integrity and objectivity in the committee's work.
Plus234Feed summary based on reporting from Federal Ministry of Information. Read the original report below.
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