Accountant-General of the Federation Alhaji Ahmed Idris has said that the information in the public domain concerning the money shared by the Federal Government and states was inconsistent with the details of the amount distributed at the emergency Federation Accounts Allocation Committee (FAAC) meeting held last Monday.
A statement by Kenechukwu N. Offie, Head and Deputy Director, Press and Public Relations said the amount distributed was not from the Excess Crude Account ECA but rather the accrued company income tax (CIT) realised from the Liquefied Natural Gas (LNG) N359, 374,355, 607.60
“That the amount that was distributed was less the cost of collection; the Federal government got 56.68% amounting to N181,745,674,112.72; the State governments got 26.72% amounting to N92,183,834,705.62; local government councils got 20.60% amounting to N71,069,872,564.96.
The statement added that clarification was in order to provide Nigerians with the correct and authentic information about the outcome of the proceedings at the Federation Accounts Allocation Committee meeting held on Monday 6th July 2015.
“The public is also invited to please note that no withdrawal was made from the Excess Crude Account (ECA) and that the current balance still remains $2.1 billion.”