BEVERLY HILLS, July 06, (THEWILL) – President Muhammadu Buhari has agreed to meet officials of the Nigeria National Petroleum Corporation (NNPC) over allegations of failure of the corporation to make accurate remittances to the Federal Allocation Account Committee (FAAC) in the month of June.
This was disclosed by the Minister of Finance, Mrs. Kemi Adeosun, after a meeting with Governors Abdulaziz Yari of Zamfara State, Abubakar Badaru of Jigawa State and Abubakar Atiku Bagudu of Kebbi State and Chief of Staff to the President, Malam Abba Kyari, at the Presidential Villa, Abuja.
THEWILL recalls that the last FAAC meeting was deadlocked as governors rejected what the NNPC presented before them which was the third time FAAC meeting was ending without resolution since January 2018.
Adeosun had last week stated that if the issues that led to the deadlock of the meeting were not resolved, salaries might be affected in the states.
The committee members of FAAC had expressed reservations with some of the costs presented by NNPC, saying there could not be justified, hence the decision not to approve the accounts.
The President is expected to meet the officials of the apex oil body alongside the Minister of Finance, Mrs. Kemi Adeosun, given the importance of the issue at stake, at an undisclosed date.
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