Nigeria, March 4 -- Federation Accounts Allocation Committee (FAAC) records published by the Office of the Accountant-General of the Federation contradict claims by Governor Umo Eno of Akwa Ibom that the state has not received its statutory 13 per cent derivation fund since September 2025.
Mr Eno had, during a prayer meeting on Sunday, 1 March, at Government House, Uyo, stated that the state stopped receiving the oil derivation revenue since September 2025.
However, PREMIUM TIMES' review of FAAC disbursement documents shows that between September and December 2025, Akwa Ibom received N119.82 billion as its 13 per cent derivation allocation, excluding additional derivation-related refunds shared among oil-producing states.
FAAC document...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.