Nigeria (Blank NEWS Online) – 

Governor Okowa

Governor Okowa

The Delta State government has debunked the allegations making the rounds in a section of the media that it received an excess of N18.62 billion from the Federation Accounts Allocation Committee (FAAC) for the month of July, this year.

A statement made available to Blank NEWS Online by the state Commissioner for Information, Mr. Patrick Ukah, stated that the net FAAC proceeds which accrued for the state in the month of July was N5, 226, 068,645.78 as against the N18. 6 billion being peddled.

Meanwhile, the statement disclosed that the state government has approved the payment of July salaries and pensions to all employees of the state workforce.

Putting the record straight, Ukah said, “Contrary to what is being circulated by a section of the media, the figures below depict the net proceeds from FAAC for July 2016:

“Gross FAAC (Statutory, Mineral Derivation, VAT, etc N 7,485,871,893.05. Less Deductions (Bond, Foreign Loans, Salary Bailout, etc N 2,259,803,247.27

“Net FAAC receipt accruing to the State’s Account for July 2016 N 5,226,068,645.78

“From the figures above it is clear that the net FAAC proceeds, which accrued for July 2016 is N5, 226,068,645.78 and not the N18.6billion being peddled.

“As well, the Local Government Councils (LGCs) received a gross allocation of N3.332 billion from the Federation Account for the month of July, 2016,” the statement stressed.

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