NEWS
How FAAC Allocates ₦786bn May Revenue To FG, States, LGCs
The latest report from the Federation Account Allocation Committee (FAAC) reveals that a total sum of ₦786.161 billion from the May 2023 Federation Account Revenue has been allocated to the Federal Government, States, and Local Government Councils (LGCs).
The announcement was made in a communiqué issued following the FAAC meeting held in June, which was chaired by Dr. Oluwatoyin Madein, the Accountant General of the Federation (AGF).
The communiqué outlined that out of the ₦786.161 billion, ₦519.545 billion was derived from statutory revenue, while ₦251.607 billion was generated from Value Added Tax (VAT) revenue.
Additionally, the communiqué further disclosed that the allocated funds included an Electronic Money Transfer Levy (EMTL) amounting to ₦14.370 billion, as well as Exchange Difference revenue totaling ₦639 million.
Furthermore, it was noted that in May 2023, a total of ₦38.238 billion was deducted for the cost of collection, while ₦163.193 billion was deducted for transfers and refunds.
It reads “In May 2023, the total deductions for cost of collection was ₦38.238 billion and total deductions for transfers and refunds was ₦163.193 billion. The balance in the Excess Crude Account (ECA) was 473,754.57 dollars.
According to the communiqué, the breakdown of the ₦786.161 billion distributable revenue was as follows: the Federal Government received ₦301.889 billion, State Governments received ₦265.875 billion, and Local Government Councils (LGCs) received ₦195.541 billion.
Furthermore, an amount of ₦22.855 billion was shared among the relevant states as 13 percent derivation revenue.
The communiqué highlighted that the revenue for May exceeded that of April by ₦204.324 billion.
It reads “From the ₦519.545 billion distributable statutory revenue, the Federal Government received ₦261.686 billion, the State Governments received ₦132.731 billion and the LGCs received ₦102.330 billion.
“The sum of ₦22.798 billion was shared to the relevant States as 13 per cent derivation revenue,” the communiqué said.
It said the in month of May, the gross revenue available from the Value Added Tax (VAT) was ₦270.197 billion.
“This was higher than the ₦217.743 billion available in the month of April by ₦52.454 billion. The Federal Government received N37.741 billion, the State Governments received ₦125.804 billion and the LGCs received N88.062 billion from the ₦251.607 billion distributable VAT revenue.
“The ₦14.370 billion EMTL was shared as follows: The Federal Government received ₦2.155 billion, the State Governments received ₦7.185 billion and the LGCs received ₦5.030 billion,” it said.
The communiqué provided further details regarding the allocation of the ₦639 million Exchange Difference revenue. It stated that the Federal Government received ₦307 million, State Governments received ₦156 million, and Local Government Councils (LGCs) received ₦119 million from this revenue.
Moreover, it was mentioned that an amount of ₦57 million was shared among the relevant states as 13 percent mineral revenue.
The communiqué also highlighted the revenue trends for various sources in the month of May. It stated that Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Oil and Gas Royalties, Value Added Tax (VAT), Import Duties, and Excise Duties experienced significant increases. However, the revenue from Electronic Money Transfer Levy (EMTL) saw a slight decrease.
NEWS
I’ll Remain In Custody Until The Joke Is Over – Sowore Rejects Bail
Human rights activist, Omoyele Sowore has rejected the bail conditions set by the Nigeria Police Force (NPF) following his invitation for questioning over a viral video he posted, which highlighted alleged extortion by police officers on the Murtala Muhammed International Airport Access Road in Lagos.
In a post on his X account on Monday, Sowore stated, “I have rejected a bail condition asking me to present a level 17 Permanent Secretary. Instead, I have offered to remain in police custody pending when the joke is over with.”
This came after Sowore was informed by the Deputy Inspector General of Police at the Federal Intelligence Department (FID) that bail would be granted pending the completion of the investigation into the matter.
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The police have charged Sowore with multiple offenses, including resisting and obstructing public officers, disobedience to lawful orders, acts intended to cause harm, cyberstalking, and refusal to assist public servants.
This follows his recording of a video in which he confronted officers allegedly setting up roadblocks for the purpose of soliciting bribes.
Sowore’s decision to reject the bail conditions stemmed from his refusal to accept terms that he deemed unreasonable and compromising.
“I have also advised the DIG that in accepting ‘bail,’ I will not agree to conditions that compromise my innocence, dignity, and integrity. If such unreasonable conditions are imposed, I will choose to remain in detention until I am charged to court,” he added.
Sowore further criticized the investigation, calling it an exercise in impunity and asserting that no crime had been defined in relation to his case.
Earlier, Sowore revealed that he had completed his “interview” with the police at the Force Intelligence Department (FID) in Abuja, where he was questioned about the viral video. “
The police relied on a rehashed set of information sourced mostly from the internet,” Sowore explained.
When he asked them to identify the location of the alleged crime, they provided a vague response, mentioning only the airport road. He chose not to provide a written statement, noting that in the absence of a defined crime, there was no need for such a process.
Sowore also reported that the police took a break during the session, later informing him that they were awaiting further instructions from higher authorities.
He expressed concern that the police were planning to take him to Lagos for a “kangaroo trial.” “It seems their plan is to detain me and take me to Lagos for a kangaroo trial. However, I am prepared to face any consequences,” he said.
In a direct challenge to the leadership of the Nigerian police, Sowore reiterated his stance against the current Inspector General of Police, Kayode Egbetokun, whom he accused of extending his tenure illegally.
“I made it clear to the team that the matter revolves around my publicly stated view that the Inspector-General of Police, Kayode Egbetokun, who is due for retirement and clearly tired, had his tenure extended illegally,” Sowore stated.
Despite the mounting pressure, Sowore remained resolute, asserting that his fight for justice would continue.
“We are entering a promising year, and our fight for justice will persist,” he concluded, with the hashtag #RevolutionNow, further solidifying his commitment to advocating for human rights and challenging the impunity within Nigeria’s police force.
NEWS
Sokoto Commences Payment Of N70,000 Minimum Wage
The Sokoto State Government, led by Governor Ahmed Aliyu, has announced the implementation of the revised N70,000 national minimum wage for all state civil servants, local government employees, and the Local Government Education Authority.
This new policy will take effect on Monday, signaling a significant step towards improving workers’ welfare in the state.
Governor Aliyu, in a statement issued by his Press Secretary, Abubakar Bawa, emphasized that the new minimum wage reflects his administration’s commitment to ensuring the well-being of Sokoto’s workforce.
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He also encouraged civil servants to match the gesture with greater dedication, professionalism, and hard work.
“With the commencement of the payment of this new national minimum wage, we expect renewed commitment, hard work, punctuality, and, above all, seriousness from our civil servants,” the governor remarked.
Aliyu also reassured workers that his administration is committed to maintaining timely salary payments, with salaries to be paid between the 19th and 22nd of each month.
This consistent schedule is designed to further solidify Sokoto State’s reputation as a worker-friendly administration.
In addition to the new wage policy, the governor has placed a high priority on clearing the backlog of unpaid gratuities owed to retired workers.
A total of N500 million will be allocated monthly to offset these outstanding payments, with an additional N300 million designated for retirees who left service in 2023 and beyond.
Governor Aliyu assured the public that by the end of his tenure, no civil servant would be left owing gratuities.
“This strategic approach ensures that by the end of my administration, no civil servant will be owed gratuities,” Aliyu stated, highlighting the stark contrast with previous administrations where salary delays often stretched beyond 50 days, leaving workers facing financial uncertainty.
NEWS
‘Corruption Fighting Back’ – Kano Anti-Corruption Boss Speaks On Arrest
Muhuyi Rimingado, the Chairman of the Kano State Public Complaints and Anti-Corruption Commission (PCACC), has accused a suspect under his agency’s investigation of orchestrating his recent arrest.
Rimingado, who was detained last week, described the incident as a direct consequence of his work in tackling corruption, asserting that “corruption is fighting back.”
Appearing as a guest on Channels Television’s The Morning Brief programme on Monday, Rimingado explained that the arrest was part of a larger attempt to undermine his efforts.
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“When you fight corruption, corruption will fight back. Anti-corruption fight (is) fair but corruption fight is dirty,” he said.
Rimingado revealed that three federal agencies had been mobilized against him, alleging that “there are lots of activities going around targeted against my person.”
He connected the arrest to an investigation into a massive fraud case involving the former Managing Director of the Kano Agricultural Supply Company Limited (KASCO).
According to Rimingado, his commission uncovered that N4 billion of Kano State Government funds had been siphoned through various entities.
As part of the investigation, his commission seized assets linked to the crime in accordance with legal procedures. After charging the accused to court, Rimingado said the suspect sought to unlawfully seize the evidence.
“He came up with a series of tactics to snatch away the exhibit of the crime, and that is not allowed in law,” he explained.
To prevent tampering, Rimingado’s commission moved the seized property to a safer location.
He believes that this action prompted the police to arrest him, stating, “When they cannot wait for the court processes and they know they cannot succeed in that case, they now activate the police to arrest me.”
The police officers who detained him accused him of abuse of power, mischief, and trespass, charges Rimingado vehemently denied. “My commission is empowered by law to prosecute suspects of corrupt practices,” he stated.
As of now, the police have not issued any comment on the ongoing developments.