Fidelity bank card banner Camano banner
Accountant-General throws more light on outcome of emergency FAAC meeting

By News Express on 08/07/2015

Views: 3,035


The Accountant-General of the Federation Alhaji Ahmed Idris yesterday noted “with great concern that the information in the public domain is inconsistent with the details of the amount distributed at the emergency Federation Accounts Allocation Committee (FAAC) meeting held on Monday 6th July 2015.”

“Consequently, it has become necessary to provide further clarification about the outcome of the said emergency FAAC meeting,” the Head and Deputy Director Press and Public Relations, Kenechukwu N. Offie, said yesterday evening in a statement.

He explained as follows:

a. That the amount distributed was not from the excess crude account ECA but rather the accrued company income tax (CIT) realised from the Liquefied Natural Gas (LNG) N359, 374,355, 607.60

b. That the amount that was distributed was less the cost of collection

c. the Federal government got 56.68% amounting to N181,745,674,112.72

d. the State governments got 26.72% amounting to N92,183,834,705.62

e. local government councils got 20.60% amounting to N71,069,872,564.96.

“The Accountant-General of the Federation, Alhaji Ahmed Idris, makes this clarification in order to provide Nigerians with the correct and authentic information about the outcome of the proceedings at the Federation Accounts Allocation Committee meeting held on Monday 6th July 2015,” Offie said.

He urged the public to note that no withdrawal was made from the Excess Crude Account (ECA) and that the current balance still remains $2.1 billion.

Photo shows: Idris

 

Source News Express

Posted 08/07/2015 04:24:27 AM

 

 

CLASSIFIED ADS

 

You may also like...
Aso Rock Clinic gulps N9.17bn in four years...

We’ve laid foundation for Bayelsa’s greatness — Dickson...

CNPP demands immediate, unconditional release of NYCN President...

Enugu Electric urges banks, others to verify, confirm...

Abacha Family puts 65 posh cars up for...

Buhari departs for Gambia, Mali

Anambra Govt. reads Riot Act to royal pretenders...

From Obi to Obiano: Things finally fall together...

Ondo Youths condemn indiscriminate murder among cult groups...

Human Trafficking: Bayelsa is source, transit and destination...

Veteran music star Willie Onyeabor of ‘Atomic Bomb’...

20 kidnap, robbery suspects in police net

 

Latest News Day TB Joshua took Jesus’ hometown by storm Chartered Accountant, partner found dead in Lagos residence Igbo leaders meet in Ebonyi over 2023 presidential project We’re re-strategising to vanquish Boko Haram — Buratai Nigerian journalist facing terror charges slammed with N100m bail INEC Server: Atiku, PDP head to Supreme Court Mafia boss escapes from prison HDP presents cases against Buhari, INEC as Presidential Election Petitions Tribunal resumes sitting NPA clarifies position on $2.6bn Badagry Deep Seaport project Presidency hails rejection of PDP’s request to inspect INEC’s server Election Server: INEC’s behaviour unfortunate — Obi Oyo APC dares Makinde

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (498,194 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (427,153 views) Shameless Genevieve Nnaji exposes breasts in public (367,402 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (313,331 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (278,011 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (244,871 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (235,381 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (217,373 views) 10 cars more expensive than Jets (215,004 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (205,660 views) Lagos plane crash: Journalist releases victims’ names (185,576 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,675 views)

 

NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,324) Business Verdict (75) Columnists (1,055) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (627) Features (767) Global Business Monitor (384) ICT Monitor (53) International (3,622) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (314) News (47,765) Opinion (1,268) Pidgin (17) Politics (11,068) Religion (1,033) Sports (2,050) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera