The Federal Government has nominated Mr. Elias Nwalem Mbam, a former Minister of State, Finance, from Ebonyi State to serve as the new Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), the Economic Confidential, an online journal has reported.

Like his predecessor, Mr. Hamman Tukur, from Adamawa State, Mbam is also an electrical engineer.

Included in the nomination that would be ratified by the National Assembly are 24 federal commissioners representing various states to fill existing vacancies at the agency.

Some of the nominees, according to the Economic Confidential, include former deputy governor, ministers, legislators, chief executive officers of corporate organizations and retired military personnel,
The RMAFC is constitutionally empowered to monitor the accruals and disbursement of revenue from the Federation Account; review the revenue allocation formula; advise tiers of government on fiscal efficiency and determine the salaries of political office holders at federal states and local governments.

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