The NEITI publication said apart from Lagos and Ogun, all other states have continued to depend on 'FAAC
disbursements,' to the neglect of their IGR.
The amount paid for debt service is then deducted from the states' FAAC
Incorporated is a part of Arotech Corporation's Training and Simulation Division (ARTX), which develops, manufactures and markets advanced high-tech multimedia and interactive digital solutions for engineering, use-of-force and operator training simulations for military, law enforcement, security and municipal.
"Amount not remitted to FAAC
was N3,234,577,666,791.35," the auditor-general said in his report.
"If the NNPC overhead costs and subsidies are maintained [assuming crude oil production volumes are maintained], the corporation may have to exhaust all the proceeds of domestic crude oil sales, and may still require third party liabilities to meet costs of operations and subsidies, and may not be able to make any remittances to FAAC
," PwC said.
"Our group was truly a microcosm of the industry at large," he writes, and despite inevitable disagreements, the FAAC
managed to agree on 23 "actionable" findings designed to make the airline industry safer, more competitive and more sustainable.
Already, the governors, according to sources, are currently mounting pressure that an emergency Federation Account Allocation Comm-ittee (FAAC
) be convened to create an avenue to deliberate on how the $3 billion should be shared.
Cardiologist Lee Surkin, MD, FAAC
, of Greenville, NC, has developed Cardiac Wellness Supplements to complement standard cardiovascular disease prevention and treatment therapies.
Fortress International Group (OTCBB: FAAC
), and its wholly owned subsidiary, Total Site Solutions (TSS), a provider of services for the planning, design and development of mission critical facilities and information infrastructure, announced on Friday (25 May) that data centre company Power Loft @ Innovation LLC has selected Total Site Solutions to provide facilities maintenance and service for critical infrastructure at its new Virginia, US, hosting location.
Earlier in the meeting, FAAC
chairman Nancy Vajcovec presented an update of town finances.
A battery-powered infrared obstruction detection system is now available from FAAC
(UK) LTD for installation on sliding gates.