The Forum of Commissioners of Finance under the Federation Account Allocation Committee (FAAC) is demanding immediate action from the Nigerian National Petroleum Company Limited (NNPCL) on the remittance of about N200 billion to the federation account.
The forum says the NNPCL has made only one incomplete remittance of less than N200 billion to the federation account since October 2024.
Dispute between the states and the organisation is blamed for the inability of FAAC to convene for its monthly meeting last week.
It is understood that both parties are in touch to resolve the issue.
Chairman of the Forum, Akin Oyebode, told newsmen that “Subsidy ended in October 2024. Since then, NNPCL has only made one incomplete payment of under N200 billion to the federation.
