By Emma Ujah, Abuja Bureau Chief

For the third time in a row, Federation Accounts Allocation Committee, FAAC, meeting was deadlocked as state commissioners for finance rejected the revenue put on the table by revenue agencies.

Chairman of the Forum of Commissioners of Finance, Alhaji Mahmood Yunusa, told journalists that his colleagues had decided not accept the May revenue until a clear system for determining federation revenue was put in place.

He said: “What we are looking for is for the process to be strengthened. Once the process is strengthened, there is no need for this fight. It is about the system and the process and we are working on it.

FAAC MEETING: From left, Director of Funds, Office of the Accountant General of the Federation, Mr Salawu Zubairu; Accountant-General of the Federation, Alhaji Ahmed Idris and Finance Minister, Mrs Kemi Adeosun, at the Federation Account Allocation Committee (Faac) meeting, in Abuja, Wednesday night. Photo: Nan.

“It is no longer a joking matter, it has gone to the highest level. Mr President will sit down, he is highly interested in this, he is taking his time to ensure that the right thing is done.

“We want to strengthen and deepen this process. Once the process is strengthened, the correct amount is supposed to go to federal revenue account.

“Even if is small, we cannot challenge NNPC, so we are also helping NNPC from undue pressure.

“We know that people are facing difficulties but this is a sacrifice that all of us must make to get out of this problem of NNPC under remittance.

“If the process is operated the way it is suppose to, no body will complain. The next meeting is a function of when we finish.”