FG Orders Retrospective Audit of Petroleum Revenues Amid Direct Remittances

[NigerianEye - Nigeria] - 22/02/2026

President Bola Tinubu has directed a comprehensive retrospective audit of key petroleum revenue streams while enforcing immediate direct remittance of all oil and gas funds into the Federation Account, ending previous off-budget deductions.The directive, implemented via Executive Order, was conveyed by the Minister of State for Finance and FAAC Chairman, Dr. Doris Uzoka-Anite, to agencies including NNPC Limited, NUPRC, and NMDPRA.All revenues, including profit oil, profit gas, royalty oil, tax oil, and gas flare penalties must now flow directly into a Sub-Federation Account managed by the (…)

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