FAAC

Peter Obi’s $123m Loans: Anambra Govt Explains Monthly FAAC Deductions 0
- NEWS, SLIDE
- September 18, 2026
The Anambra State Government has said monthly deductions from its Federation Account Allocation Committee (FAAC) revenue are being used to service loan obligations it attributed to the administration of former Governor Peter Obi. The Commissioner for Information and Value Reorientation, Law Mefor, made the claim during an appearance on Arise Television on Friday, while responding
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Anambra Still Repaying Loans Taken By Peter Obi, Obiano Administrations 0
- NEWS, SLIDE
- September 14, 2026
The Anambra State Government has disclosed that it is still servicing loans inherited from previous administrations, including those of former governors Peter Obi and Willie Obiano. The state Commissioner for Finance, Izuchukwu Okafor, made the disclosure during an appearance on the Ndi Anambra podcast produced by the state government’s New Media team. Okafor explained that
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Tinubu Has No Power – Wike Knocks Peter Obi Over State, Local Govt Subsidy Gains 0
- NEWS, SLIDE
- September 2, 2026
PORT HARCOURT, RIVERS STATE — Minister of the Federal Capital Territory (FCT), Nyesom Wike, has responded to criticism by Nigeria Democratic Congress (NDC) presidential candidate Peter Obi over the management of funds accruing from the removal of fuel subsidy. Wike said President Bola Ahmed Tinubu does not have the constitutional power to dictate how state
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FAAC: FG, States, LGCs Share N1.727 Trillion For November 2024 0
- BUSINESS
- December 14, 2024
The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.727 Trillion to the three tiers of government as Federation Allocation for the month of November, 2024 from a gross total of N3.143 Trillion.
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