The Forum of Commissioners of Finance under the Federation Account Allocation Committee (FAAC) calls for immediate…
Category: FAAC
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NNPCL Inconsistent, Not Transparent With Reports Submitted To FAAC On Revenue – World Bank
The World Bank has accused the Nigerian National Petroleum Company Limited (NNPCL) of inconsistency and non-transparency…
JUST IN: ‘Misuse FAAC Funds And Go To Jail’ – FG Threatens LG Chairmen
The Federal Government has issued a warning of imprisonment to chairmen of Local Government Areas who…
FAAC Distributes ₦1.2 Trillion To FG, States, Local Govts For April
The three tiers of government in Nigeria—federal, state, and local governments—received a total of ₦1.2 trillion…
Government Gets Extra N10 Billion As FAAC Distributes N1.15 Trillion To Federal, States, LGAs For February 2024
The amount gotten by the three tiers of government from the Federation Account Allocation Committee (FAAC),…
NNPC Deducts N271bn For Fuel Subsidy In April
The importation of petrol by the Nigerian National Petroleum Company (NNPC) Limited in April gulped N271.13 billion.…
N80b Fraud: FAAC Meets Today As States Lament Delay In Revenue Sharing
There is bitter lamentation coming from states over the delay in the payment of salaries and…
NNPC To Remit N322.45bn Proceeds From Four IOCs To FAAC
The Nigerian National Petroleum Company Limited said it is expected to remit the sum of N322.45bn…
FAAC: Federal Govt, States And LGAs Share N590.546bn For February (See Details)
The sum of N590.546bn was shared as allocations between the Federal, State and Local Government Areas…
Federation Account: Details Of How FG, States, LGs Shared ₦7.23trn In 2020
President Muhammadu Buhari-led government, states and local government councils shared ₦7.23trillion from the Federation Account in…