FG cornered 32% of May FAAC revenue, Oye alleges

•Says States, LGAs shared 68%
Chairman , Alliance for Economic Research and Ethics Ltd/GTE, Dele Oye, has criticised the federal government’s handling of the May 2026 Federation Account Allocation Committee (FAAC) disbursement, alleging that a significant portion of federation revenue was withheld before distribution to states and local government councils.
Reacting to the May 2026 FAAC allocation figures released in June, Oye noted that while total federation revenue stood at N3.40 trillion, only N2.3 trillion was eventually shared among the three tiers of government. According to him, the balance of N1.1 trillion, representing about 32 per cent of the gross revenue, was deducted at ...