NEWS
FAAC Apportions N1.2tn Among Federating Units In August
Nigeria’s three-tier federating units – the Federal, States and Local Governments, got N1.2 trillion from the Federal Accounts Allocation Committee (FAAC) for August.
The FAAC made the disclosure in Abuja, on Tuesday, at its September meeting in a statement under the signature of the Director of Press and Public Relations at the Office of the Accountant-General of the Federation (OAGF), Bawa Mokwa.
ALSO READ: FG’s Q1 2024 Revenue Hits ₦9.1 Trillion, Doubles 2023 Figure
It was gathered that the figure represents a decrease of 11 percent or N155bn from N1.358tn distributed to the three tiers in July.
The statement read, “A total sum of N1.203tn August 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government councils in the country.”
According to Mokwa, the revenue was made up of statutory revenue of N186.636bn, Value Added Tax (VAT) revenue of N533.895bn, Electronic Money Transfer Levy (EMTL) revenue of N15.02bn, and Exchange Difference revenue of N468.25bn.
A cursory look at the communiqué issued revealed that the revenue of N2.278tn was available in August 2024.
Mokwa added that from the N1.203tn total distributable revenue, the Federal Government received a total sum of N374.93bn and the state governments received a total sum of N422.86bn.
On their part, the Local Government councils received a total sum of N306.53bn, while a total sum of N99.47bn (13 percent of mineral revenue) was shared with the benefiting states as derivation revenue.
According to the communique, “Gross statutory revenue of N1.22tn was received for August 2024. This was lower than the sum of N1.39tn received in July 2024 by N165.99bn.
“Gross revenue of N573.34bn was available from the Value Added Tax in August 2024. This was lower than the N625.33bn available in July 2024 by N51.99bn.”
NEWS
JUST IN: Atiku Set to Address World Press Conference in Abuja
Former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, is set to address a world press conference at his residence in Abuja on Friday.
The specific reason for the media briefing has not been disclosed as of the time of filing this report.
SEE ALSO: Mambilla: ICC Orders Sunrise Power to Pay Nigeria $11.8m After 9-Year Battle
Atiku’s planned engagement comes amid several developments attracting public attention, including a recent report from TheCable concerning a $500,000 payment allegedly transferred in 2003 to his former wife, Jennifer Douglas, by Leno Adesanya, promoter of Sunrise Power and Transmission Company Limited.
TheCable reported that Adesanya told an international arbitration tribunal that the payment was part of a foreign-exchange transaction carried out for Atiku.
The report further stated that the payment was made through China Castle Investments Limited, an offshore company controlled by Adesanya.
The development comes shortly after an International Chamber of Commerce (ICC) tribunal ruled in favour of Nigeria in the $2.35 billion arbitration dispute brought by Sunrise Power over the Mambilla hydropower project.
The tribunal also ordered Sunrise Power and its promoter to reimburse Nigeria for a portion of its legal fees and expenses.
However, there is currently no official indication that Atiku’s scheduled press conference is connected to the Sunrise Power report, the arbitration ruling or any other specific issue.
NEWS
‘No One Will Be Shielded’ — FG Vows Justice Over Death of 37 Miners
The Federal Government has assured Nigerians that no one found culpable in the deaths of 37 suspected illegal miners who died in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State will be shielded.
Minister of Information and National Orientation, Mohammed Idris, gave the assurance in a statement released on Friday while expressing the Federal Government’s condolences to the Niger State Government, the families of the deceased and the people of the Wushishi community.
The deaths occurred following the arrest of the suspected illegal miners during enforcement operations against illegal mining activities in the Wushishi/Lukoto axis of Niger State.
ALSO READ: 37 Miners’ Deaths: Interior Minister Arrives Minna, Set to Inspect Detention Centre
Idris said the circumstances surrounding the deaths require a thorough, transparent and impartial investigation, stressing that the government’s responsibility is to establish the facts and ensure justice is served.
The Minister of Interior, Olubunmi Tunji-Ojo, had ordered the suspension of the Niger State Commandant of the NSCDC, Suberu Siyaka Aniviye, and directed a full investigation into the incident.
“The swift action taken by the Honourable Minister of Interior underscores the seriousness with which the Federal Government views this matter,” Idris said.
He added that the investigation would be allowed to establish exactly what happened and that appropriate action would be taken based on its findings.
“There will be no attempt to shield anyone found culpable. At the same time, we mustn’t prejudge the outcome of the investigation. The Government’s responsibility is to ensure that the facts are established and that justice is served,” the minister said.
Idris stressed that while the Federal Government remains committed to combating illegal mining and other unlawful activities, enforcement operations must be conducted within the law and with respect for human life and dignity.
He appealed for calm in Wushishi and across Niger State, urging residents and other concerned parties to allow the investigation to proceed without interference.
The minister also assured the families of the deceased and the people of Niger State that the Federal Government shares in their grief and remains committed to fully establishing the circumstances surrounding the tragedy.
NEWS
37 Miners’ Deaths: Interior Minister Arrives Minna, Set to Inspect Detention Centre
Minister of Interior, Olubunmi Tunji-Ojo, on Friday arrived at the Niger State Government House in Minna following the deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC).
The minister’s visit comes as pressure mounts on authorities to explain the circumstances surrounding the deaths of the detainees.
SEE ALSO: How Can 37 Suspected Illegal Miners Die in Gov’t Custody? Nigerians Demand Answers
Tunji-Ojo is expected to meet with officials of the Niger State Government as part of his visit to the state.
He is also expected to proceed to the detention centre where the suspected illegal miners were held before their deaths.
The incident has sparked public concern and protests in Minna, with residents demanding answers over the deaths of the detainees while in government custody.
The Federal Government has ordered an investigation into the incident, while the Niger State NSCDC commandant has been suspended pending the outcome of the probe.
Details shortly…….






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