
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reiterated its dedication to reviewing and recommending appropriate remuneration for public, political, and judicial officeholders in accordance with its constitutional mandate.
RMAFC Chairman, Dr. Mohammed Shehu, made this known on Thursday while receiving a delegation from the Investment and Securities Tribunal (IST), led by its Chairman, Hon. Amos Isaac Azi, during a courtesy visit to the Commission.
This was disclosed in a press statement issued by Maryam Yusuf, Head of the Information and Public Relations Unit at RMAFC.
Shehu assured the delegation of a comprehensive review of IST’s salary structure to ensure compliance with constitutional provisions.
Recognizing IST’s vital role in Nigeria’s capital market, he praised its global reputation as a leading specialised tribunal, noting that similar models have been adopted internationally.
“We recognise the remarkable work being done by the IST, and its reputation as a model tribunal in capital market adjudication is well deserved. Your role in ensuring swift and fair dispute resolution is instrumental to investor confidence and market stability. Given the importance of your work, it is only right that we give due attention to your remuneration structure to ensure it reflects your responsibilities,” Shehu said.
He emphasised that the Commission would revisit the matter with a renewed sense of urgency, ensuring it receives the necessary attention.
“We understand that processes like these take time, as they require a comprehensive review and input from various stakeholders. However, the Commission will ensure that this matter receives the attention it deserves. We have within the Commission highly experienced legal professionals, including a commissioner with extensive expertise, who will oversee the review. Once their findings are concluded, we will make a final recommendation,” he said.