The Federal Government’s celebrated increase in monthly allocations from the Federation Account Allocation Committee (FAAC) is a “scam of numbers”, former Vice-President Atiku Abubakar has alleged. Abubakar made this claim in a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, arguing that higher Naira figures did not necessarily translate into increased prosperity. He said the apparent FAAC boom was a monetary illusion caused by the depreciation of the Naira, inflation, declining purchasing power and rising debts of State governments. The African Democratic Congress (ADC) Presidential candidate…
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