At the moment, crude production stands at about 1.2 million barrels per day.

Nigeria’s bonny light, which is in high demand by cruder buyers sells for more than 70 dollars.

So, it appears easy to immediately figure out how much crude NNPC sells and total revenue realized.

But then it appeared that if this was to be calculated, taking into account expected cost of production and other factors such as the crude swap arrangements, it still wouldn’t add up to the amount NNPC was supposed to remit to FAAC.

It was based on this that the FAAC rejected NNPC’s remittance for the month of June.

The Minister of Finance, Kemi Adeosun did not give specific details on how much exactly NNPC remitted and the amount that the FAAC had expected.

But NNPC is arguing that there are unforeseen expenditures that the corporation incurred that led to the reduction of amount remitted.

The FAAC is however, not buying that argument, with Adeosun being quoted as saying that ‘the corporation’s costs were not justifiable” and therefore couldn’t be approved.

The wait continues as all the parties concerned continue to engage on Friday.

But as this lingers, the people to pay the price for the delay would be civil servants, whose salaries for the month of June.

Eco bank has paid late last night. if ur using Eco and u didn't get ur alert try using ur app to confirm. no need for fears here.

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onlyhandsome202:
Eco bank has paid late last night. if ur using Eco and u didn't get ur alert try using ur app to confirm. no need for fears here.

Na only you waka come? No one lse has gotten alert.

onlyhandsome202:
Eco bank has paid late last night. if ur using Eco and u didn't get ur alert try using ur app to confirm. no need for fears here.

lols, expensive joke

GOVERNOR Ifeanyi Ugwuanyi of Enugu State said his administration has paid June salaries of workers without receiving the federal allocation.

Ugwuanyi added that despite the fact that he assumed office at the time the country’s economy was
in severe recession, his administration has been regular in payment of workers’ salaries, even when 27 states could not pay.

Speaking on Saturday, during an endorsement rally for his re-election in 2019 by the people of the
Opi N’Ato Kingdom in Opi, Nsukka Local Government Area, Ugwuanyi attributed the successes recorded by his administration, in spite of the nation’s economic challenges, to God’s grace
and the state government’scommitment to the wellbeing of the people.

The monthly meeting of Federation Account Allocation Committee (FAAC) on Wednesday, where June allocations was to be shared among the federal, states and local governments, ended in deadlock.
Ugwuanyi, who was overwhelmed by the large turnout of people at the rally, reassured the people that
his administration will continue to cater for the people and initiate programmes that would address their needs, saying: “Since we handed Enugu State into the hands of God, we can see His hands in all we do.”

The governor thanked the people for their support, solidarity and en

The disagreement between the Nigerian National Petroleum Corporation and the Federation Account Allocation Committee over the alleged underpayment of N20bn by the NNPC to the Federation Account has been brought to the table of the Vice President, Prof. Yemi Osinbajo.

It was gathered on Sunday that the matter would be resolved by Osinbajo, as both parties had failed to reach a common ground on the issue since last Wednesday.

Senior officials of the national oil firm told our correspondent in Abuja that the Vice President, who is the Chairman of the National Economic Council, had to intervene in the matter in order to douse the tension between FAAC and the NNPC.

Sunday PUNCH had reported that the disagreement between FAAC and the NNPC took a different dimension on Saturday as the committee accused the corporation of deliberately under remitting oil revenue into the Federation Account.

The Chairman, Forum of Commissioners of Finance of FAAC, Mahmoud Yunusa, argued that the NNPC had not been transparent with the 36 states of the federation in the management of its operations, stressing that while the oil firm claimed on Wednesday to have remitted N147bn into the Federation Account, what was actually received was N127bn.

So with out federal allocation the so-called Mr. Project nyesom wike cannot pay salaries with internally generated revenue like Enugu state just did ? If his projects are just roads and roads and roads and not human capital development then this is a useless project indeed.

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dmercy141983:
So with out federal allocation the so-called Mr. Project nyesom wike cannot pay salaries with internally generated revenue like Enugu state just did ? If his projects are just roads and roads and roads and not human capital development then this is a useless project indeed.

my fellow colleague, you have spoken well. it's quite appalling that a state like rivers state cannot comfortably pay salaries without depending on federal allocations. the internally generated revenue can pay workers' salaries and there will be left over.

Mr Fake project cannot pay salaries of Civil servants without disbursment of federal allocation. Internally generated revenue is his pocket money, no question! This nonsense must STOP.

Don't complain pls,
If you want your salary you know what to do
Just change the caption of the voucher from Ministry of Education salary to something like


MINISTRY OF EDUCATION SALARY LINK ROAD
OR MINISTRY OF EDUCATION PLEASURE PARK
OR MINISTRY OF EDUCATION ROUNDABOUT
Or (you can add yours)

No Abuses pls

so this brouhaha between NNPC and FAAC hasn't been resolved?

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Zenith bank peeps, so you guys couldn't give us the alert good news today? this is serious!

Civil servant to receive June salary between July and August, Kemi Adesina---minister of finance.

Civil servant to receive June salary between July and August, Kemi Adesina---minister of finance.000l

Sau24:
Civil servant to receive June salary between July and August, Kemi Adesina---minister of finance.

which kind lie wey tie wrapper be this? when Npower teachers under the same Kemi's federal government civil servants have all been paid today. guy take time oh!

oga Darkstan where you dey na? help us find out from your correct source, na wetin dey delay our pay ?

Salaries will be paid tommorrow

appraise what's ur source!

oh boy see case oh

Ur blood too dey hot rest

Nonchalant35:
Ur blood too dey hot rest

Hahaha, be there deceiving yourself, which of us blood no dey hot?

Npower is from the office of the presidency ,Note.

Sau24:
Npower is from the office of the presidency ,Note.

bro rest, army, police and even federal Medical Centers have all been alerted, .. I just don't understand what's delaying ours but for sure latest by Friday, we will all be paid. amen

There comes a time when some persons come here to tell lies with authority and boldness that Jun salaries will be payed between July and August. I have also come to tell you in good authority that JUN salaries will be payed between Thursday and Friday.