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FAAC rejects NNPC's revenue figures again

FAAC rejects NNPC's revenue figures again

- FAAC rejected the revenue figures presented by the Nigerian National Petroleum Corporation

- This might delay the payment of April salary to civil servants

- Yunusa Mahmoud, chairman, finance commissioners forum has confirmed the possible occurrence

Yunusa Mahmoud, chairman, finance commissioners forum who confirmed the postponement of the civil servants’ payment for the month of April said the forum is working about he plight of the workers so that they receive their salaries as and when due.

The Nation reports that this occurrence is coming up because the Federation Accounts Allocation Committee (FAAC) has rejected the revenue figures presented by the Nigerian National Petroleum Corporation (NNPC

Mahmoud who confirmed the postponement on Wednesday, April 25, said the situation had resulted in a meeting of governors and top officials of the NNPC.

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According to him, “We have some challenges, the figures we have gotten is far below what we expected to be remitted by NNPC. As it is now, there is a meeting between the governors and the top management of NNPC at the state house.

“I believe this is a very high-level deliberation and something good will come out of it. Before now, you did not hear such news, but because this government is a government of change, some level of transparency is expected.

“When you pick your figures and you submit your figures, the person that is supposed to look at it and deliberate on it will ask questions if need be.”

It was learnt that Mahmoud did not describe the situation as insincerity on the part of the NNPC, saying it could be an error.

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He said: “I don’t want to use the word insincerity. What happened could be an error. If one party is wrong, the other party is right; if you add it together at the end of the day you make progress.

“The last FAAC meeting was postponed twice and at the end of the day, we made progress. In the spirit of Easter, we held a meeting, because we were looking at the plight of the workers that were supposed to receive their salaries as and when due, but based on the submission we have now, some states will not pay salaries now.”

Meanwhile, Legit.ng had reported that the National Bureau of Statistics said the federal government received a total of N263. 28 billion from the N635.55 billion FAAC disbursed to three tiers of government in February.

The NBS made this known in FAAC for February 2018 Disbursement data posted on the bureau’s website.

The states received a total of N172.87 billion and Local governments received N129.99 billion.

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Source: Legit.ng

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