President Bola Tinubu has set up an inter-agency committee to resolve the lingering row between the Nigeria National Petroleum Company (NNPC) Limited and the Federation Account Allocation Committee (FAAC), TheCable understands.
According to sources, the committee was set up to resolve NNPC’s failure to remit funds into the FAAC account.
“So many things have been told to Mr. President since assuming office by some vested interests that NNPC Limited has refused to pay into the federation accounts.“And because we want the general public to know the truth, NNPC Limited management wrote the President to investigate the matter and Mr. President has graciously approved that an inter-agency committee be set up to investigate and reconcile the matter.
The committee is also expected to deliberate on the debt the NNPC is said to have failed to remit to the federation account.
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