The Federation Account and Allocation Committee meeting initially scheduled for last week will now hold on Tuesday and Wednesday.
Chairman of the Finance Commissioners Forum, David Olofu and the Delta State Commissioner for Finance, Mr Fidelis Tilije, disclosed this in separate interviews with newsmen.
But Olofu, who is also the Benue State Commissioner for Finance, added that the delay in holding the FAAC meeting had affected the activities of many states, including payment of salaries and capital expenditures.
FAAC, which is headed by the Minister of Finance, Budget and National Planning, and whose members include state Commissioners of Finance, states’ Accountants – General, Accountant – General of the Federation and the Permanent Secretary of the Federal Ministry of Finance meet every month to share revenues among the federal, state and local governments.
The FAAC meeting was scheduled to hold on Wednesday and Thursday last week, but the Federal Ministry of Finance, in a statement on Wednesday by its director of Home Finance, Stephen Okon, said it had been postponed indefinitely.
The postponement of the meeting, which the ministry said was due to certain circumstances came a few days after the Economic and Financial Crimes Commission arrested the Accountant General of the Federation, Ahmed Idris, over an alleged N80 billion fraud.
Punch/Adetutu Adetule
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