The Federation Accounts Allocation Committee (FAAC) has raised fresh concerns over huge unreconciled revenues, disclosing that more than $42.37 billion allegedly due from the Nigerian National Petroleum Company Limited (NNPC) to the Federation Account remains unresolved.

At the same time, the Office of the Accountant-General of the Federation (OAGF) has been tasked to account for over N2.03 trillion in outstanding payables relating to taxes and royalties.

Details of the disclosures were contained in the September 2025 report of the FAAC Post-Mortem Sub-Committee (PMSC), which highlighted persistent gaps in Nigeria’s oil revenue remittances.