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Home BREAKING NEWS BREAKING NEWS: Finance Minister reconvenes inconclusive FAAC meeting for Wednesday

BREAKING NEWS: Finance Minister reconvenes inconclusive FAAC meeting for Wednesday

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*Summons NNPC GMD over payments into Federation Account

The Minister of Finance and Chairman of the Federation Account Allocation Committee (FAAC), Mrs. Kemi Adeosun, has reconvened the meeting of the Committee for Wednesday, March 28, 2018 at 9.00 a.m.
The meeting, which will hold at the Auditorium of the Federal Ministry of Finance, will have in attendance the Accountant General of the Federation, Mr. Ahmed Idris; Commissioners of Finance and Accountants-General of the 36 states of the federation and representatives of the Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service, Nigeria Customs Service, Department of Petroleum Resources, among others.
A statement issued by the minister’s Special Adviser, Media and Publicity, Mr. Oluyinka Akintunde, late on Tuesday said Mrs. Adeosun had also called for an emergency meeting next week with the Group Managing Director of NNPC, Mr. Maikanti Baru, and key management of the corporation over revenue payment into the Federation Account.
The FAAC meeting was inconclusive on Tuesday, necessitating the intervention of the minister.
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