Tag: Over Deductions
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FG set to reimburse States for over deduction of foreign loans
State Governments have submitted to the Federal Government (FG) claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge deductions from the Federation Account Allocation Committee (FAAC) allocations. According to the Special Assistant on Media to the Minister of Finance, Mr. Festus Akanbi , in a…