FG
THE FEDERAL GOVERNMENT HAS DISMISSED REPORTS ALLEGING THE DIVERSION OF FEDERATION ACCOUNT REVENUES.
IT INSISTED THAT DEDUCTIONS FROM THE FEDERATION ACCOUNT ALLOCATION COMMITTEE (FAAC) ARE LAWFUL AND DO NOT CONSTITUTE ILLEGAL OR HIDDEN SPENDING.
IN A STATEMENT YESTERDAY, MINISTER OF STATE FOR FINANCE, TAIWO OYEDELE, SAID CLAIMS THAT A SIGNIFICANT PORTION OF FEDERATION EARNINGS IS BEING SIPHONED OFF STEM FROM A MISINTERPRETATION OF RECENT ANALYSIS BY THE WORLD BANK.
OYEDELE STRESSED THAT DEDUCTIONS REFERENCED IN PUBLIC DISCOURSE REPRESENT LEGITIMATE FISCAL OBLIGATIONS, NOT LEAKAGES, AS WIDELY PORTRAYED.
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Rachel Salami
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