N20BN Under-Remittance: Osinabjo Steps In To 'Save' NNPC
If you are reading this and you are a civil servant, it is understandable if it breaks your heart.
But you should take consolation in the fact that the solution is on the way and all things being equal, your June salary could be paid before this week ends.
So, Vice President Yemi Osinbajo is stepping in to resolve the impasse around the federation account allocation committee, FAAC’s inability to hold their revenue sharing meeting on Wednesday.
As you may recall, the FAAC meeting could not hold because the amount of money available was not enough.
The NNPC was then accused of under-remitting to the federation account, causing the shortfall.
It was gathered on Sunday that the matter would now be resolved by Osinbajo, as both parties had failed to reach a common ground.
Senior officials of the NNPC told Punch that the Vice President, who is the Chairman of the National Economic Council, had to intervene in the matter in order to douse the tension.
The Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, confirmed that the issue would now be resolved by Osinbajo.
The disagreement between FAAC and the NNPC had reportedly taken a different dimension on Saturday after 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, had argued that the NNPC had not been transparent with the 36 states of the federation in the management of its operations.
He insists that the oil firm claimed on Wednesday to have remitted 147 billion naira into the Federation Account, what was actually received was 127 billion naira.
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