Thursday, November 7

FAAC Meeting Inconclusive

By Dayo Omoogun

The meeting of the Federal Accounts Allocation Committee (FAAC) meeting ended in a stalemate yesterday.  The press briefing where the outcomes of the meeting

were to be presented to the public through the media was called off.

As members of the press were settling in their seats and the camera crew were positioning their equipment at about 7.40 pm, they were jolted by the voice of the Finance Ministry’s Director of Information saying over the microphone, “Gentlemen of the Press, there will be no press briefing today as the meeting is inconclusive. The date for the conclusion of the meeting will be communicated later”.

The officials kept sealed lips as to the cause of the inconclusiveness of the meeting. But someone who spoke to Sharpedgenews.com on condition of anonymity doused fears that it had to do with the slump in oil prices as according to him the figures which were being deliberated upon were for the month of February at which time the prices had not crashed. He, however, said the issues were such that required consultations before they could be resolved.  

 

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