The Federal Government has deducted N500 billion from the Federation Account Allocation Committee (FAAC) revenue for May 2026, a decision aimed at financing urgent national security operations in response to escalating insecurity, particularly due to rising bandit attacks. This deduction occurred prior to the distribution of monthly revenue allocations to the Federal Government, states, and local government councils. Officials familiar with the FAAC have confirmed the action, highlighting the government's focus on addressing the pressing security challenges facing the nation.
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