Delta Govt Refutes Report On Federation Account Allocation


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


Source: www.ossaioviesuccess.com/2016/07/delta-govt-refutes-report-on-federation-account-allocation.html

Ifeanyi okowa please don't be distracted by those Apc zombies ,who are bent on destroying your good work. But how can a Nigerian newspaper just post wrong information on crucial issues like these. Really ApC rat are really working very hard to destroy pdp government.

vingeophysicist:
Ifeanyi okowa please don't be distracted by those Apc zombies ,who are bent on destroying your good work. But how can a Nigerian newspaper just post wrong information on crucial issues like these. Really ApC rat are really working very hard to destroy pdp government.

It is absolutely devastating, I don't even understand it.

Delta state government should sue them and make them pay dearly for it