FAAC/NNPC FACEOFF: President Buhari intervenes

The deadlock between the Nigeria National Petroleum corporation NNPC and the Federal Accounts Allocation Committee
FAAC, may be at an end with the intervention of President Muhammadu Buhari.

The dispute over remittances into the Federation account by the Corporation has resulted in inability to disburse allocations
for the months of May and June and may have delayed the payment of salaries in some states.

Chairman of the Governors Forum and Governor of Zamfara Abdulaziz Yari told newsmen at State House Abuja on
Thursday that based on the meeting with the President and the Chief of Staff, some headway had been made.

For her part Minister of Finance Kemi Adeosun described the face off as a reconciliation of accounts which was healthy for
the system.

She noted that the President had promised to take the next step which was satisfactory to all parties involved.

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