The monthly Federal Account Allocation Committee (FAAC) meeting, which began on Tuesday was inconclusive due to discrepancies of about N37.76 billion in revenue presented by the NNPC.<\/p>\n
The Accountant-General of the Federation, Mr. Ahmed Idris told newsmen in Abuja, that the meeting was inconclusive because of irregularities in figures presented by the NNPC.<\/p>\n
\u201cObviously, you are all aware that anything that has to do with federation revenue is statutory and, therefore, constitutional and we must always verify our figures to the last kobo.<\/p>\n
\u201cFailing to do so will amount to committing illegality and unconstitutionality.<\/p>\n
\u201cWe started this meeting last week and NNPC did not submit their figures until yesterday (Monday), which we were not able to review until this morning.<\/p>\n
\u201cThis morning when we were reviewing the figures as presented by the NNPC, it came as a great surprise to see that the amount was less than N100 billion.<\/p>\n
\u201cSo we (states) decided that we will not collect the amount presented,<\/p>\n
\u201cWe are contesting the figures because pipeline vandalism has reduced, while crude oil prices have continued to go up.<\/p>\n
\u201cOn this note, we are wondering why the nation cannot raise enough money through that sector to share to states so that everyone can pay workers, contractors and so on.<\/p>\n
\u201cWe are well aware that this development may affect the payment of salaries in states, but we cannot hurriedly accept this money and then later cry foul play.<\/p>\n
\u201cSo, we should all be patient. But we hope that with this latest development, NNPC will do the needful as soon as possible,\u2019\u2019 he said. <\/p>\n","protected":false},"excerpt":{"rendered":"
The monthly Federal Account Allocation Committee (FAAC) meeting, which began on Tuesday was inconclusive due to discrepancies of about N37.76 billion in revenue presented by the NNPC. The Accountant-General of … <\/p>\n","protected":false},"author":2,"featured_media":353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/352"}],"collection":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=352"}],"version-history":[{"count":1,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/352\/revisions"}],"predecessor-version":[{"id":354,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/352\/revisions\/354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/media\/353"}],"wp:attachment":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}