Plan by the federal government to commence direct payment of allocation to councils this month has failed to sail through.
Rather the usual means prevailed, with Director of Press and Public Relations at FAAC, Bawa Mokwa, announcing on Friday that a total of N1.424 trillion, being the Federation Account Revenue for December 2024, was shared by Federal Government, states and local governments.
The failure of the plan to comply with the judgment of the Supreme Court of about six months ago, according to The Nation, was due to the councils’ inability to submit the necessary bank account details required to facilitate the direct payments.
“The LGAs have to be coordinated. Those that have opened accounts with the CBN did not submit their details to FAAC for crediting, resulting in the delay.
“If this information is not ready, they will not be paid. But if they produce it, they will be paid,” an unnamed insider told the publication.
