FAAC Deducts ₦500bn For National Security Emergency Fund As SSS Rejects Foreign Donations To Proposed Security Trust Fund

FG Removes ₦500 Billion From May FAAC Revenue For Emergency Security Fund

About ₦500 billion was deducted from the May 2026 revenue of the Federation Account Allocation Committee (FAAC) to fund a national security emergency intervention,... The post FG Removes ₦500 Billion From May FAAC Revenue For Emergency Security Fund appeared first on Naija News.

FG Sets Up N500bn Emergency Security Fund to Combat Banditry - Economi Confidential

FG Sets Up N500bn Emergency Security Fund to Combat Banditry   About N500bn was deducted from the Federation Account Allocation Committee (FAAC) revenue for May 2026 to fund a national security emergency intervention, multiple sources familiar with the development said. The deduction was made before the monthly revenue sharing exercise among the Federal Government, states […] The post FG Sets Up N500bn Emergency Security Fund to Combat Banditry …

FAAC Deducts ₦500bn For National Security Emergency Fund As SSS Rejects Foreign Donations To Proposed Security Trust Fund

About ₦500bn was deducted from the Federation Account Allocation Committee revenue for May 2026 to fund a national security emergency intervention, according to multiple sources familiar with the FAAC proceedings. The deduction was reportedly made before the monthly revenue-sharing exercise among the Federal Government, states and local government councils. One of the sources confirmed the development, saying, “FAAC deducted ₦500bn for national …