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FAAC Postpones Meeting Over Discrepancies In Revenue Figures

The Federation Accounts Allocation Committee on Thursday postponed its meeting due to what was described as discrepancies in revenue figures presented to the committee by the Nigerian National Petroleum Corporation.

The meeting, which is usually convened to consider and approve revenue allocation to the three tiers of government, is presided over by the Minister of Finance, Mrs. Kemi Adeosun.

Other members of the committee are the Accountant General of the Federation, Alhaji Ahmed Idris; commissioners for finance of the 36 states; and representatives of revenue-generating agencies such as the Federal Inland Revenue Service, Nigeria Customs Service and the NNPC, among others.

The Chairman, Forum of Finance Commissioners of FAAC, Mr. Mahmoud Yunusa, confirmed the discrepancies in figures and the subsequent postponement of the meeting.

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