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FAAC records contradict Eno, show Akwa Ibom received N119.82bn derivation funds in four months

Naija News • 2h ago
FAAC records contradict Eno, show Akwa Ibom received N119.82bn derivation funds in four months
Federation Accounts Allocation Committee (FAAC) records published by the Office of the Accountant-General of the Federation contradict claims by Governor Umo Eno of Akwa Ibom that the state has not received its statutory 13 per cent derivation fund since September 2025. Mr Eno had, during a prayer meeting on Sunday, 1 March, at Government House, Uyo, stated that the state stopped receiving the oil derivation revenue since September 2025. However, PREMIUM TIMES’ review of FAAC disbursement documents shows that between September and December 2025, Akwa Ibom received N119.82 billion as its 13 per cent derivation allocation, excluding additional derivation-related refunds shared among oil-producing states. September allocation FAAC documents show that in September 2025, Akwa Ibom received ...
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