The monthly Federation Account Allocation Committee (FAAC) revenue payment to Rivers State, has been withheld by the Federal government.
This is coming on the heels of an ongoing dispute between Rivers State Governor Siminialayi Fubara and the Minister of Federal Capital Territory (FCT), Abuja, Nyesom Wike.
Disclosing the development to newsmen, Spokesperson for the Office of the Accountant General of the Federation, Bawa Mokwa, said the decision to withhold the payment is in respect of the court order, which bars the Central Bank of Nigeria (CBN) and the Nigerian government from disbursing monthly allocations to the Rivers State government.
Mokwa, who spoke on Friday, emphasised that the Office of the Accountant General of the Federation (OAGF) would respect the court order, following due diligence until a contrary order is issued.
He said, “What I got is that the October 2024 FAAC has not been distributed yet. However, the Federal Government will obey the court order on the matter of Rivers State allocation.
“We are going to follow due diligence as long as there is no contrary order. In case there is a contrary, the status will remain.”
He added, “The process of disbursement of the October 2024 monthly allocation is going.”
The FAAC typically disburses revenue to the three tiers of government, including states, local governments, and the federal government.
