The Fiscal Responsibility Commission (FRC) has signed a landmark Memorandum of Understanding (MoU) with the BudgIT Foundation aimed at strengthening fiscal transparency, accountability, and citizen engagement in Nigeria’s public finance management system. The signing ceremony, held at the Commission’s headquarters in Asokoro, Abuja, drew key stakeholders from the fiscal governance and anti-corruption ecosystem. Speaking at...
The Nigeria Immigration Service (NIS) has expressed its readiness to strengthen transparency, accountability, and financial discipline by seeking technical support and capacity building on audited financial reporting from the Fiscal Responsibility Commission (FRC). This was disclosed during a one-day working visit by the Comptroller-General of the Nigeria Immigration Service, Kemi Nanna Nandap, to the Executive...
The Director of Legal Services, Investigation and Enforcement at the Fiscal Responsibility Commission (FRC), Barrister Charles Chukwuemeka Abana, has cautioned the twenty-three Local Government Chairmen in Kaduna State against borrowing or contracting loans from Banks and Financial Institutions without first obtaining a Certificate of Proof of Compliance (POC) from the Fiscal Responsibility Commission, as required...
The Executive Chairman of the Fiscal Responsibility Commission (FRC), Mr. Victor Muruako, Esq., has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt, consistent, and exemplary remittance of operating surplus into the Consolidated Revenue Fund (CRF), in strict compliance with the Fiscal Responsibility Act (FRA), 2007. Mr. Muruako gave the commendation during a courtesy...
In a related development, the Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., led a delegation of his Staff to the 2025 International Anti-Corruption Day event organized by the Inter-Agency Task Team (IATT) comprising Nigeria’s Anti-Corruption Agencies. The event, themed “Uniting with Youth Against Corruption: Shaping Tomorrow’s Integrity,” was held at the...
Nigeria’s anti-corruption framework received a major boost as the Fiscal Responsibility Commission (FRC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) marked International Anti-Corruption Day with the signing of a landmark Memorandum of Understanding (MoU) aimed at deepening institutional collaboration, strengthening public finance oversight and enhancing enforcement outcomes. At the signing ceremony,...
The Fiscal Responsibility Commission (FRC), in collaboration with the House of Representatives Committee on Petroleum Resources (Upstream), has unveiled a comprehensive Policy Paper on Good Governance of the Petroleum Sector, Fiscal Imperatives, and the 10th National Assembly. The presentation took place during a high-level Legislative Stakeholders’ Workshop aimed at strengthening transparency and accountability in Nigeria’s...
The Fiscal Responsibility Commission (FRC) has called for heightened fiscal discipline and strengthened public finance management practices among Local Government Councils in Anambra State. The Commission emphasized the need for transparency, accountability, and adherence to statutory financial procedures at all stages of governance. The charge was delivered during a capacity-building workshop on the Local Government...
The Fiscal Responsibility Commission (FRC) has hosted a high-level bilateral meeting involving the Debt Management Office (DMO) and a delegation from the International Monetary Fund (IMF) to review Nigeria’s progress in fiscal risk management and deepen institutional cooperation. The IMF team, led by Sybi Hida, Senior Economist in the IMF Fiscal Affairs Department, was received...
The Fiscal Responsibility Commission (FRC) has taken a major step toward deepening fiscal discipline, transparency, and accountability in Nigeria’s public finance system with the formal opening of its External Validation Workshop for the Draft Strategic Plan (2025–2028) held on Thursday, November 13, 2025, in Abuja. The event, which brought together a wide array of stakeholders...
