By Johnbosco Agbakwuru
ABUJA—National Economic Council, NEC, yesterday, at its monthly meeting, demanded explanations from Nigerian National Petroleum Corporation, NNPC, over unclear deductions the corporation made from Federation Account, which caused a stalemate at the Federation Account Allocation Committee, FAAC, on Wednesday.
State Commissioners of Finance, who converged on Abuja with the expectation to collect their states’ share of the monthly allocation, reportedly walked out of the FAAC meeting as they protested the deductions.
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