Page 21 - வெளிநாட்டு பரிமாற்றம் இருப்புக்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Vanguard News March FAAC draws more controversy as fresh facts emerge On •Fin. Ministry withholds info on what transpired By Emma Ujah, Abuja Against the backdrop of controversy generated by Edo State governor, Godwin Obadeki’s claim that N60 billion was printed to augment the March 2021 Federation Accounts Allocation Committee, FAAC, there are indications that there was a breakdown in negotiation between the federal government and states on the actual amount meant for sharing among the tiers of government. A document seen by Vanguard at the Finance Ministry showed that following a huge shortfall in the expected amount to the credit of the distributable FAAC pool for March, the federal government had originally augmented the shortfall with N8.645 billion from the Equalization Fund and some amount from a Foreign Exchange Reserves account.

Abuja federal capital territoryEdo stateEmma ujahGodwin obadekiEqualization fundForeign exchangeFederation accounts allocation committeeKindly share this storyAccounts allocation committeeFinance ministryForeign exchange reservesExcess bank chargesShare this storyகூட்டாட்சியின் மூலதனம் பிரதேசம்எடோ நிலைஎம்மா உஜா