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

After several meeting of Federation Accounts Allocation Committee (FAAC) meeting 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 the Federation Account Allocation Committee (FAAC) and some revenue generation agencies.


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