RMAFC reopens disputed oil wells verification after states’ complaints

The Punch | 17-09-2026 04:19pm |

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reopened the verification of disputed oil and gas wells following complaints from states about an earlier exercise used for sharing derivation revenue. The decision aims to address concerns raised by states regarding the accuracy of the previous verification. The outcome of the new verification will impact the allocation of derivation revenue among states.

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