Connect with us


FAAC: Fresh deadlock as states, NNPC differ on remittance



FAAC: Fresh deadlock as states, NNPC differ on remittance

States civil servants are in for long trauma with respect to payment of June Salary. For the third consecutive time, Federation Account Allocation Committee (FAAC) meeting adjourned again yesterday with states Commissioners of Finance insisting permanent solution must be adopted in dealing with Nigerian National Petroleum Corporation ( NNPC) remittances to federation account.

Chairman,Forum of Commissioners of Finance, Alhaji Yunusa Mahmoud, confirmed the postponement to journalists. “The reason why FAAC meeting is cancelled again is because we want to strengthen the system to avoid a repeat of this issue in the future. It is not about how much the NNPC has remitted now, it is about putting the necessary things in order to make sure we do not experience this. “The President is very much interested in this issue and it is on his table now. Very soon, all that needs to be done would be done, so that every money coming to the federation account will be channeled to the appropriate authority. Every money has to go to the Federal Government account”, he said.

Mahmoud said the states had no personal grudge with NNPC but the states crave for strengthening of remittance procedures. “The moment the system is strengthened, definitely there will be no problem. There will be no more saying bring more money, the money is short or this and that. We know that people are facing difficulties, people are in pains, salaries have not been paid by Federal Government; salaries are owed in a lot of states but this is the sacrifice that all of us must do in order to resolve this under remittance of revenue by NNPC.”

He continued:”We are all partners in progress – the state’s, local governments and the NNPC itself. At the end of the day, NNPC will also appreciate what we are doing now because if new processes are put in place and being operated the way they are supposed to be, nobody will complain and even the NNPC will be off the pressure. But if you are supposed to remit much money into the federation account, naturally the much money will come what any agency is able to generate and pay into the federation account, definitely it will come through the entrenched process,” he said.

Continue Reading
1 Comment

1 Comment

  1. Pingback: FAAC: Fresh deadlock as states, NNPC differ on remittance — New Telegraph - Naijaray Headlines

Leave a Reply

Your email address will not be published. Required fields are marked *




Take advantage of our impressive online traffic; advertise your brands and products on this site. Call For Advert Placement and Enquiries, Call: Mobile Phone:+234 803 304 2915 Online Editor: Michael Abimboye Mobile Phone: 0813 699 6757 Email: Copyright © 2018 NewTelegraph Newspaper.

%d bloggers like this: