The Revenue Mobilisation Allocation and Fiscal Commission , which has the constitutional mandate to monitor revenue accrual into the Federation Account and disbursement from the Federation Account to the three tiers of government, has gone to the Federal High Court to seek interpretation of the Finance Act, 2021 which was passed on December 31, 2021.
Specifically, the commission questioned whether the provisions of the amendments to Section 68 of the Federal Inland Revenue Service Act 2007 as contained in the Finance Act 2021 is valid, in the light of the combined effects of the provisions of Section 153, 160, 162 and Paragraph 32 of Part 1 of the 3rd Schedule of the 1999 Constitution, in so far as it purports to subject the RMAFC to the FIRS?
Further reliefs sought by the commission is the declaration by the court that the provisions of the amendments to Section 68 of the FIRS Act 2007 as contained in the Finance Act 2021 is invalid, unconstitutional, null and void, in so far as it seeks to render all laws including the combined provisions of Section 153, 160, 162 and Paragraph 32 of Part 1 of the 3rd Schedule of the 1999 Constitution, subservient to it by providing that the provisions of the Finance Act prevail over any other law...