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 […]
Tag: NNPC Revenue Figures’ Discrepancies
FAAC Meeting Deadlocked, Adeosun Reschedules It For Tomorrow
The Federation Accounts Allocation Committee (FAAC) meeting held today in Abuja ended in deadlock following the discrepancies observed in the revenue figures presented by the Nigerian National Petroleum Corporation (NNPC) for consideration. The meeting was convened to consider and approve statutory allocations to the tiers of government for February. As a result of the discrepancies, […]