Nigeria (Blank NEWS Online) –
The Delta State Government has refuted the contents of a front page publication in one of the national newspapers on June 13, 2016, which supposedly gave details of grand total of Federation Account Allocation to States and Local Government Councils (LGCs) from May 2015 to June 2016.
A press release signed by the state Commissioner for Information, Mr. Patrick Ukah, described the publication as untrue.
The report wrongly stated that Delta State got N144, 706, 571, 893.61 from May 2015 to June 2016 instead of N88, 271, 852, 589.55 that the state actually received.
According to the press release, the period covered gave the impression that FAAC receipts for June 2016 had been received by June, 13, 2016. This is incorrect because the FAAC meeting for June 2016 which approves release of fund for the month was held on June 21, 2016 and funds for that month were received on June 27, 2016 by Delta State Government.
The press release revealed that the report failed to distinguish what accrued to the State Government from what was allocated to LGCs, a separate tier of Government. It went further to state the total figures, which ignored deductions at source from the gross allocation, thereby giving impression that the entire amount accrued and were released to the State.
According to the press release, ‘for the purpose of keeping the records straight, we state that for the one-year period of the administration of His Excellency, Senator Dr. Ifeanyi Okowa, the financial summary of FAAC receipts from June 1, 2015 to May 31, 2016 is as follows: Gross Allocation: N111, 642, 776, 745.82, Deductions: Bonds, Foreign And Local Loans And Refunds To FAAC: (23, 370, 924, 156. 27), Net Allocation To Delta State: N88, 271, 852, 589.55, Allocation To Local Government Councils: N28, 561, 041, 308.32’.
From the analysis of funds allocated to Delta State for the period of June 1, 2015 to May 31, 2016, as shown above, it is obvious that Delta State got N88, 271, 852, 589.55 and not N144, 706, 571, 893.61 as contained in the report, the press release added.
***Read Blank NEWS Online for regular news updates…Also like us on Facebook & follow us on Twitter @blanknewsonlin1
Advertise in Blank NEWS Online.
Visit Us @:
www.blanknewsonline.wordpress.com
Email: blanknewsonline@ymail.com
Phone: +234 8037 644 337
Nigeria (Blank NEWS Online) –
E.I.C: Albert Eruorhe Ograka
