The 36 states in Nigeria on Thursday boycotted the monthly Federal Account Allocation Committee (FAAC) meeting due to discrepancies in figures presented by the Federal Government.

The Chairman, Forum of Finance Commissioners in Nigeria, Mr Mahmoud Yunusa, believed the forum came to the choice after consultation with their states governors.

According to him, the council be inflicted with set the commissioners directive to postpone the appointment pending the resolution of completely accounts.

“The engagement has been postponed until we reconcile the facts in the accounts.

“I earnestly apologise for keeping everyone, but this is the stance of our principals through the Chairman, Governor’s Forum, regular even if the be important was discussed at segment during NEC while every part of the executive committee were present.

“So we must the entire withstand our put away and pass the time for the after that go out with which will be announced later,” he said.

Yunusa said that the finance commissioners as well as the state Accountants-General would meet next week to decide when to reconvene the meeting.

later approached the Chairman, who is also the Adamawa state Commissioner for Finance.

He refused to expatiate on the nature of the discrepancies.

However, another Commisioner, on condition of anonymity, told NAN that the discrepancies came from the figures presented by the Nigerian National Petroleum Corporation.

The latest development is coming four months after the NNPC completed the refund of N450 billion to the federation account, to be shared to federal, states and local councils.

The NNPC had for 67 consecutive months, paid an additional N6.33 billion into the federation account to be shared to federal, states and local governments.

The payment, which started in September 2011, was due to an audit, which showed that the NNPC had been under remitting revenue into the Federation Account.


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