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States Accuse 😠 NNPC of Underpaying N20bn Into Federation Account😱*

The disagreement between the Federation Account Allocation Committee and the Nigeria National Petroleum Corporation took a different dimension on Saturday as the committee accused the corporation of deliberately under remitting oil revenue into the federation account.

The Chairman, Forum of Commissioners of Finance of FAAC, Mahmoud Yunusa, said this in Abuja while addressing journalists on Saturday night.

There had been disagreement in recent times between the FAAC and NNPC as a result of revenue underpayment into the federation account.

This year alone, the meeting ended in a deadlock on four different occasions due to what the committee described as the inability of the NNPC to meet its revenue obligations to the three tiers of government.

The inability of the committee to agree on revenue remittances by the NNPC forced an indefinite postponement of the meeting last Wednesday.

The implication of this development is that most states may not be able to pay the June salaries of their workers on time.

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