₦airaland Forum

Fiafiad:
We should learn to respect ourselves naa, why all these deception? are we playing here or we mean serious business?

teejaymmm:
Just investigated, nobody in ahoada east uses fcmb. people should stop coming here to play with people's heart. Fiafiad might be correct, heard the same info, that they are expecting faac today or tomorrow

Fiafiad:
BIG TROUBLE IN little China! That is what is happening to teachers.

ikem50:
alert received 2 months , FCMB, AHOADA EAST, ppsb . my first since February. there is hope. did biometrics on 7th July and filled incidence form

ChyChy17:
O MOTHER OF PERPETUAL HELP, COME TO OUR RESCUE, AMEN!!!

Chibuking81:
All I know is that

1. FAAC meeting must hold this week.

2. Before next weekend we must receive our four months salary.

Remember that I use "must", and it's very very important.

nakamora:
I'm smelling alert,what about you?.

ORUWISE:
which faac are u talking about? faac don hold since na



Abuja - The Federation Account Allocation Committee
(FAAC) on Tuesday shared N611.77 billion to the
Federal, states and local governments for the month of
August. Among the shared money is the N10
billion refunded to the federation account by Nigerian
National Petroleum Corporation.
The Minister of State for Finance, Mr Bashir
Yuguda, who announced this shortly after the FAAC
meeting in Abuja, said that the country recorded a
N28.67 billion decline in gross federally-collected
revenue during the period.
According to Yuguda, revenue collected in August was
N601. 65 billion as against N630.33 billion realized in
July.
He attributed the drop in the August collection to a
Force Majeure declared by Shell “and a series of
shutdown of Trunk lines and pipelines at various
Terminals.”
He, however, said that payments and returns by some
blue-chip companies and increase in the receipt of
foreign Corporate Income Tax (CIT) boosted non-oil
revenue for the month.
The minister added that in spite of the revenue drop,
FAAC allocated N611.76 billion to the three tiers of
government for August, but said that the figure was
N42.82 billion lower than N654.58 billion shared in July.
He explained that N504.7billion was shared under
statutory distribution, N61.51 billion under Value Added
Tax (VAT), while N35.54 billion was allocated under the
Subsidy Reinvestment and Empowerment Programme
(SURE-P).
He added that N10 billion refunded to the federation
account by Nigerian National Petroleum Corporation
(NNPC) was also shared by the committee.
He said after deducting the cost of collecting revenue
to Federal Inland Revenue Service and the Nigerian
Customs Service, from total statutory revenue, the
Federal Government received N238.08 billion as its
share for the month.
Yuguda said that the Federal Government’s allocated
represented 52.68 per cent of the amount shared,
adding that the 36 states got N120.76 billion
representing 26.72 per cent, while N93.11 billion went
to the 774 local government councils.
Similarly, the sum of N44.85 billion was allocated to the
oil producing states based on the 13 per cent derivation
principle.
He also disclosed that the committee shared the sum of
N59.05 billion VAT revenue from which the Federal
Government received N8.85billion, N29.52 billion to the
states and N20.66 billion to councils.
Yuguda said that the committee transferred the sum
N25 billion to the Excess Crude Account to bring the
balance in the account to 4.1billion dollars.
In an interview with newsmen at the end of the meeting,
the Chairman, Forum of Finance Commissioners, Mr
Timothy Odah, called on state governments to improve
on their internal revenue generating capacities.
He said that improved revenue for the states was
necessary to enable them to cushion the impact of the
drop in statutory allocation from FAAC. (NAN)

Rexmarysweet:
RT HON.CHIBUIKE ROTIMI AMAECHI WHERE ARE YOU? CHAI. THE DEVIL YOU KNOW IS BETTR THAN THE ANGEL YOU DONT KNOW.

Rexmarysweet:
RT HON.CHIBUIKE ROTIMI AMAECHI WHERE ARE YOU? CHAI. THE DEVIL YOU KNOW IS BETTR THAN THE ANGEL YOU DONT KNOW.

Chibuking81:
FAAC meeting is next week between monday and tuesday, and if government want to pay us with the money from FAAC meeting, that mean our salary will be next two weeks. May God help us, it is not easy.

emekatex:
FAAC meeting usually hold within 20th to 24th of every month.

dmercy141983:
We have been betrayed and raped by our political leaders time and time again, they promised we believed they failed we accepted this is the trend and the cycle continues... I conclude that all our politicians are selfish themselves and their families first before they consider the rest of us. Who will save us from this political siege? This political and economic assassination by the people we elected to govern .

Fiafiad:
Some of the behaviour I observed here is that when you give an information from a reliable source, yes I called it reliable because it's from a director of finance, peradventure, the information is not fulfilled as expected by the hungry lions, you will be regarded as a fool.
By the way, the reasonable ones will understand.
Come to think of it, did I give you an assurance that I am going to pay your salary by Friday? why should I be blame if you are not paid or the information I gave doesn't come true?
Please be reasonable, even you as a person does not have absolute control over all your doings and so events and situation changes.
Let us be at peace with each other and remain positive till the salary comes.
I could remember that you were once a very strong supporter of this Governor who now put you into this hardship.
Please take heart.

dmercy141983:
Today is Friday we're waiting for this information to be fulfilled ...

barikay:
sorry guys. Accept my sincere apology. I didn't intend to raise false hope that's why I was reserve about the info. He told me there was no money in d acct but confirm recept of alert.

ChyChy17:
Lol...Na only him dey First bank? Dem never even finish paying those who did first week of July na last week dem go start with. I'm sure this guy is joking.

masterchi:
so this means salary after faac?

wealthyprince:
Conscience ....some people don't have it.

wealthyprince:
Conscience ....some people don't have it.

wealthyprince:
Conscience ....some people don't have it.

masterchi:
they said wednesday to friday so wait till friday.

teejaymmm:
Hahahahahaha....abeg see wahala oh.....abeg no vex, it wasn't directed to you.....everybody blood dey hot