Federation Account

The federal and state governments have resolved disagreement over the deductions from the Federation Account for payment of consultants for the Paris Club Refund. Recall that FAAC meeting, last Friday, had ended in a deadlock as…

The Senate has uncovered how officials of the Office of Accountant-General of the Federation made Nigeria lost a difference of $274.2 million (N54.1 billion) on external loan in 2015. The revelation is contained in the report of Senate…

The Federation Account Allocation Committee (FAAC), on Tuesday night, shared the sum of N616.19 billion from the Federation Account to the three tiers of governments as revenue allocation for the month of April. The amount was confirmed,…

The Kogi State Government said it would use some of its N6.17 billion Federation Account allocation to pay workers’ salary and retirees’ pension by next week. The state Commissioner for finance, Mr. Idris Asiru, made this known in a…