Posted by Samuel on Fri 22nd Nov, 2024 - tori.ng
This comes as the Nigerian Government on Wednesday announced the approval for the disbursement of N1.1411 trillion as the October 2024 Federation Accounts Allocation Revenue to Federal, State, and local government councils.
The Nigerian government has confirmed the suspension of the October Federation Account Allocation Committee (FAAC) revenue payment to Rivers State amid the ongoing dispute between Governor Simi Fubara and the Minister of the Federal Capital Territory, Nyesom Wike.
The Spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this exclusively to Daily Post on Friday.
This comes as the Nigerian Government on Wednesday announced the approval for the disbursement of N1.1411 trillion as the October 2024 Federation Accounts Allocation Revenue to Federal, State, and local government councils.
However, a report emerged that FAAC revenue in October was not disbursed to Rivers State following a court stopping the Central Bank of Nigeria and the Nigerian government from carrying out such action.
Reacting to the development, Mokwa said the OAGF as a government agency will respect the court order.
Meanwhile, he stated that the October monthly FAAC revenue has not been disbursed to respective states as of filing the report.
“What I got is that the October 2024 FAAC has not been distributed yet. However, the Federal Government will obey the court order on the matter of Rivers State allocation.
Details soon…