Fidelity bank banner Bayelsa State banner
Revenue discrepancies: FAAC meeting fails to hold again

By Folasade Folarin on 26/04/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 458


 The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday in Abuja, was postponed due to revenue discrepancies.

Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja, said the postponement was unfortunate.

He said it was the second consecutive month that the Nigerian National Petroleum Corporation (NNPC) would not be honouring its statutory obligations to the federation account.

Yunusa, however, said that to resolve the discrepancies, a meeting had been scheduled between the NNPC and the state governors.

“We have some challenges; the figures we have gotten is far less than what was 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 villa.

“I believe this is a very high level deliberation and something good will come out of it.”

Yunusa who is also the Commissioner of Finance, Adamawa State, said in view of the current revenue challenges, it had become imperative for the corporation to become more transparent on how its operations are run.

“There are processes to be followed and before now, you do not get to hear such news, because whatever issue there is, you deliberate on it.

“However, because this government is a government of change, some level of transparency is expected.

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

Yunusa also said he did not know if the revenue underpayment by the NNPC was a deliberate attempt to short change the three tiers of government, adding that what happened could be an error.

“I don’t want to use the word insincerity, because if one party is wrong, the other party is right and if you add it together at the end of the day you make progress.

“Last FAAC was postponed twice and at the end of the day we made progress.

“That was during Easter break and in the spirit of Easter we held a meeting even though we were looking at the plight of the workers that were supposed to receive their salary when due.

“Based on the submission we have now, some states cannot pay salary now.

“So what we are doing now is to table a lot of the issues and that is why the matter is being discussed at the highest level now.” (NAN)

Source News Express

Posted 26/04/2018 12:57:53 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Ngige accused of money laundering

Governor el-Rufai: Dominator of infrastructure, By Emmanuel Ado...

82 stolen cows recovered in Sokoto

Herbalist, 5 Badoo cult members arraigned for allegedly...

BREAKING: Africa Cup of Nations expanded from 16...

4 killed, many injured as cultists clash in...

Gunmen kill 20 persons, 83 cows in Nasarawa...

FG re-opens 2 major roads in Borno closed...

Army raises the alarm over Boko Haram’s resurgence,...

WAANSA Nigeria lauds IGP on mop up of...

Deadly earthquake likely in Nigeria before 2020: Expert...

Ebola: FG bans transportation of corpses from DR...

 

Latest News In Ekiti, stomach infrastructure has changed hands, By ‘Fisayo Soyombo Hoodlums attack Police Commissioner Imo APC Stakeholders Forum exposes Okorocha Court remands alleged killer of ex-Deputy Governor’s daughter Police arrests cleric for raping student as spiritual cleansing Kaduna residents protest alleged land grabbing by Air Force Dasuki set to regain freedom; Judge signs bail application Couple murdered in their sleep in Anambra Executive Order 6 most potent weapon against corruption, says FG Third Mainland Bridge will be closed for 3 days, not 27 months, says Fashola Killing of Policemen: N5m bounty for information about attackers Ganduje, Emefiele, Dankwambo, Amaechi, others listed for honour

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (361,231 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (357,949 views) Shameless Genevieve Nnaji exposes breasts in public (286,247 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (234,888 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (214,079 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,271 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,079 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,061 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,101 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (152,392 views) Lagos plane crash: Journalist releases victims’ names (147,302 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (138,600 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,342) Business Verdict (45) Columnists (886) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (614) Global Business Monitor (284) International (2,130) Interview (157) Live Commentary (28) Love Matters (127) News (37,171) Opinion (1,022) Pidgin (10) Politics (5,576) Religion (783) Sports (1,610) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

FRANCE vs CROATIA 4-2 Highlights & Goals 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement