FAAC Meeting of June 28

States Insist NNPC Must Remit N20Bn To Federation Account

State Governments in the country have maintained their position over the discrepancies in the Nigerian National Petroleum Corporation (NNPC) report to the Federation Accounts Allocation Committee (FAAC) meeting last Wednesday, insisting that the corporation must remit N20 billion to the account. The position of the governments was canvassed at the weekend by the finance commissioners […]

Again, NNPC’s Revenue Discrepancies Stall FAAC’s Meeting

For the second time in less than 90 days, alleged discrepancies in the Nigerian National Petroleum Corporation’s (NNPC’s) revenue report stalled the Federation Account Allocation Committee (FAAC) meeting yesterday in Abuja. Following the deadlock at the meeting, the state commissioners of Finance left Abuja without any decision on the revenue receipts submitted by NNPC, making […]