The government of Akwa Ibom State has refuted a media report purporting that the state received a whopping sum of N17.8 billion as its share of the statutory allocation for the month of July.

The state commissioner for Finance, Mr. Akan Okon made this known to newsmen in his office.

He decried the media report copiously published on several print and online media, describing the story as misleading and fictitious.

The Finance Commissioner pointed out that a total of N559.03 billion was shared among the federal, states, and local governments by the Federal Account and Allocation Committee (FAAC) and not the N673, 324 billion as reported in the media.

Okon stressed that AkwaIbom received the sum of N7.4 billion( seven billion ,four hundred million naira ) as its own share of statutory allocation for the month of June, shared in July, while the 31 local government areas in the state got the sum of N3.3 billion. He called on journalists to always confirm their facts before rushing to publish them


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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