NEWS
How RMAFC Recovered Over N500bn For FG
It has come to light that the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) recovered in excess of N500 billion for the Federal Government from corporates, including some government-owned institutions.
Chairman, RMAFC, Mohammed Bello, made the disclosure in Abuja, on Wednesday at an interactive session with the House of Representatives Committee on Finance, chaired by Hon James Faleke.
According to Bello, the Commission engaged forensic experts through whom it recovered the sum of N14bn between 2008 and 2012.
Between 2012 and 2015, he explained that the Commission recovered the sum of N60.981bn for the FG.
The scoop, however, was made between 2016 and 2019, with the recovery of over N312bn, though the payment was made in the 2022 fiscal year.
Bello also disclosed that the RMAFC recovered the sum of N98bn in September 2023 from the Nigerian National Petroleum Company Limited (NNPCL), which has been fully remitted to the national coffers.
The Commission, Bello, explained, also recovered the sum of N79.102bn from Federal and eight State Ministries, Departments and Agencies in 2023.
These, he disclosed has encouraged the Commission to expand its operations to 17 more states of the Federation in a bid to recover more revenue for the FG.
The Committee also heard him declare that the Commission recovered the sum of N474 million and N199 million excise duties from two companies operating in the South West region from 2020 to 2022.
Bello pointed out that before 2011, revenues accruing from royalties and solid minerals were remitted into the Consolidated Revenue Fund.
The RMAFC boss informed the Committee that it took the it took painstaking efforts from the Commission to create the solid mineral component of the Federation Account, in November 2011.
That consequently led to the approval of a 13 percent derivative fund for States and Local Government Areas, now being apportioned according to the formula adopted.
The efforts of the Commission, also led to the approval of a 10 percent monthly payment from the Natural Resources Development Fund (NRDF), of which 1.68 percent is deducted and kept aside.
He informed the Committee that the Muhammadu Buhari administration approved the sum of N30bn for the NRDF, which is dedicated to the growth of the sector.
Hon Faleke decried the several loopholes through which the FG has been losing money and expressed a desire that the salary burden of all RMAFC Commissioners be borne by the Federation Account.
He charged Bello to revert to the Committee with concrete reports, evidencing which government agencies were culpable, though he didn’t foresee the possibility of real recovery.
He said, “As far as this committee is concerned, all those things you read out are no news. All those figures you read out are mere figures. You have no data or whatsoever to support it.”
Consequently, he directed the RMAFC chairman to provide a comprehensive report of all the agencies from which the unremitted revenues were recovered.
“If you say in 2008 and 2012, you recovered N14 billion, from where? Which agency paid? We need a comprehensive list.
“For you to get back to an agency and say you owe us $10 or N10 million, where will they get the money to pay back? When you accuse them, it means they have spent that money. So, for them to pay back, they also use government money to pay you back.
“You will give details of these recoveries, the N16.9 billion, your N312 billion, among others. We need more details.”
An ear-tingling tale has emerged from the Oyo State capital, Ibadan, where a yet-to-be-identified male confessed on radio that he sacrificed almost 80 women to his idol over a seven-year period.
He made the confession in Ibadan, while appearing at a Fresh FM radio programme, titled, ‘Opeyemi’ on Saturday.
Famous in the locality, Foko area of Ibadan, where he was born, by his alias, ‘Mistina Orobo’, the now self-acclaimed pastor asserted that the almost 80 women were not part of those he was hired to kill and had eaten.
He was driven to sacrifice the women in the quest to renew his mystical power. He would then indulge in cannibalism after he had taken their blood for sacrifice to his idol.
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In his words, “My idol takes about 73 to 76 women for over seven years. These women are always gotten from the club or other popular places. When I eat people, it is purposely to renew the voodoo in my body. Sometimes, when I’m shot, it won’t penetrate, even when I’m hacked, the machete breaks. The sweetest human parts are tongue, palm, and foot.”
The cannibal then used the mystical powers for nefarious activities including supporting others, including politicians, business people, and high flying career people, like bank managers, in the quest to accomplish ulterior motives.
“I also work for bank managers, politicians, and some other rich men. I’m very popular among them. When I first worked with a bank manager, it was one wealthy man that we killed and the info was supplied in the bank.
“The only person who was left to sign refused to sign, we visited him, made him sign, and killed him aftermath. I charge up to N50 to N80 million to get people killed and we always work as a team. I taught some people to work, some as highway or armed robbers and I usually get my fair share,” he added.
He formally sought anonymity until the right time, and gave graphic details of what he and his boys did to influence outcome of elections in Oyo State.
On his early days, the mysterious man confessed that he has been eating sacrifices since the age of nine as the son of an herbalist, from which he added hired assassin and highway robbery to his trade.
“As a child of an herbalist, I always eat sacrifices in seven different junctions, this was what fortified me before I grew up to become a dreaded hired assassin and sometimes, highway robber,” he confessed.
On how he turned a new leaf, the man said he met Jesus in his dream after he attempted to avenge people who earlier fought with him.
According to him, “I had been killed before but I woke up because of the idol I had at home. The day I went to retaliate those people who fought and killed me. When we got to the first person, I had a change of mind. When we got to the house of the other one, he was drunk, and my boy was about to unleash on him when I begged that he should be spared, since then, I have been sympathetic and have left the wayward life. Now, God has taken over my life.
“I am now in a seminary. I spent four years learning to be a prophet. I am not ready to establish a church. I just want people to know my terrible story. I had sold all three houses and cars I bought while engaging in these acts. I met Jesus in my dream.”
He also stressed that a former lawmaker in the House of Representatives, Temitope Olatoye (a.k.a. Sugar) died because he was in Ghana at that time if not it would have been averted, adding that he had always informed Sugar of the dangers looming.
Recall that Sugar died on March 9, 2019, in the Intensive Care Unit of the University College Hospital, after suffering bullet wounds in the head from shots of suspected political thugs in the Lalupon area of Ibadan.
The public is still wondering at the speed with which the news of his attack spread, the tales in the locality being that Sugar died on the spot.
Tensions flared outside the Nigerian National Petroleum Corporation (NNPC) headquarters in Abuja on Monday as a large group of Nigerians gathered to demand the resignation of NNPC Group Managing Director Mele Kyari.
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The protesters, driven by frustration over reported mismanagement and high spending, specifically pointed to $4 billion spent on the refurbishment of the Port Harcourt, Warri, and Kaduna refineries—projects that many feel have yielded little return.
More to follow……….
President Bola Ahmed Tinubu has officially sworn in seven newly-appointed ministers at the Council Chambers of the Presidential Villa in Abuja.
The ceremony, held on Monday, brought together the ministers-designate, their families, and dignitaries, marking a significant step in the ongoing reshaping of Tinubu’s cabinet.
This swearing-in follows a week of important political activity, including the Senate’s screening of the nominees, which occurred shortly after President Tinubu announced their appointments.
Presidential spokesman Bayo Onanuga had confirmed that the new ministers would be screened on Monday, setting the stage for today’s event.
To accommodate the swearing-in ceremony, the Federal Executive Council (FEC) meeting, typically scheduled for Mondays, has been rescheduled to Wednesday.
This cabinet reshuffle reflects President Tinubu’s response to increasing public demands for change amid Nigeria’s ongoing economic challenges.
In a bid to enhance governmental effectiveness, Tinubu dismissed five ministers and reassigned ten others, aiming to tackle pressing national issues more effectively.
The seven ministers include:
Dr. Nentawe Yilwatda: Minister of Humanitarian Affairs and Poverty Reduction
Muhammadu Maigari Dingyadi: Minister of Labour and Employment
Bianca Odinaka Odumegwu-Ojukwu: Minister of State for Foreign Affairs
Dr. Jumoke Oduwole: Minister of Industry, Trade and Investment
Idi Mukhtar Maiha: Minister of Livestock Development
Yusuf Abdullahi Ata: Minister of State for Housing and Urban Development
Dr. Suwaiba Said Ahmad: Minister of State for Education
As they assume their roles, attention will be on how these ministers navigate the complexities of Nigeria’s economic landscape and work towards policies that improve the lives of citizens.
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