20180720

FG, States, Lgs Share N668.89b After FAAC Deadlock

After several meeting of Federation Accounts Allocation Committee (FAAC), the Federal, States and Local Government Councils have shared N668.89 billion from the federation account as revenue generated in May. 

The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, made this known in a statement on Friday in Abuja.

Dodo, however, said that the distribution of the funds did not signify the end of the dispute between FAAC and some revenue generation agencies.