Connect with us

NEWS

How RMAFC Recovered Over N500bn For FG

Published

on

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.”

NEWS

Christmas: Shettima Assures Of FG’s Commitment To Citizens’ Welfare

Published

on

 

Nigeria’s Vice President, Kashim Shettima has assured Nigerians of the federal government’s dedication to national security, economic transformation, and welfare of the citizens.

This was detailed in a Christmas message on Wednesday afternoon in Abuja under the signature of the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Stanley Nkwocha.

According to the Vice President, the administration of President Bola Ahmed Tinubu remains unwavering in its focus on these critical areas, as the country looks forward to the dawn of a new year.

ALSO READ: Tinubu Sends Hearty Christmas Greetings To Christians Worldwide

He said, “In these times of economic transformation, I want to assure you that the President Bola Ahmed Tinubu administration remains steadfast in its commitment to improving the lives of all Nigerians.”

Vice President Shettima particularly urged the citizens to imbibe the virtues of national unity during the yuletide season.

“Nigeria’s diversity remains our greatest strength. Let us avail ourselves of the time provided by the holiday season to strengthen the bonds of brotherhood that unite us across all faiths and regions,” he said.

Senator Shettima assured Nigerians of the continued vigilance of the nation’s security forces, noting that “our brave security personnel will continue to work round the clock during this festive period to keep us safe.”

He said enhanced security measures have been put in place to protect the citizens during the holiday period.

“The relevant agencies have been mobilized to ensure your safety and comfort on all major routes,” he stated, urging travelers to remain vigilant.

VP Shettima expressed optimism about the nation’s trajectory in the coming year, saying, “I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.

“To our young people, you are the backbone of our nation. The Renewed Hope administration is implementing various initiatives to create opportunities for you to thrive and contribute to Nigeria’s development,” he added.

 

Continue Reading

NEWS

Yuletide: Adeleke Rejoices With Christians

Published

on

Ademola Adeleke Becomes Sixth Executive Governor of Osun State

 

Osun State Governor, Senator Ademola Adeleke has felicitated Christians in Osun State and beyond on the occasion of the 2024 Christmas celebration, urging them to follow Jesus Christ’s example of compassion and tolerance.

Biztellers reports that Gov Adeleke described the birth of Jesus Christ as a defining moment for mankind, in a statement in Osogbo on Tuesday.

He described the festive season as a solemn reminder of the power of love and how it can save humanity.

ALSO READ: Archbishop Martins Champions Clamour For Better Life For Nigerians

While recognising unity and togetherness as an important message that Jesus Christ’s life resonates, Gov Adeleke charged Osun people, particularly Christians, to draw from the spiritual import of the celebration by sharing love and fostering harmony in communities.

In his words, “I extend my warm wishes to Christian faithful in Osun state and beyond as we mark this year’s Christmas. The birth of Jesus Christ is a manifestation of the power of love and remind us of the essence of compassion,” the Governor noted in his message.

“In the mood of celebration, I urge us to take a moment to reflect on the message of renewal that the birth of Jesus Christ signifies, promoting activities that will unite not divide, build not destroy, and bring peace not conflict.

“It is also my sincere appeal that we extend hands of kindness to the needy and the weak in the society, spreading love and generosity beyond borders. That is the essence of Christmas and it is most essential that at a time like this, no one is left to their fate.”

Continue Reading

NEWS

Archbishop Martins Champions Clamour For Better Life For Nigerians

Published

on

 

Archbishop Alfred Adewale Martins, of the Catholic Archdiocese of Lagos, has enjoined all Nigerian leaders to be more sensitive to the yearnings of the people for a better life.

This was contained in a 2024 Christmas Message to Nigerians issued in Lagos under the signature of the Director of Social Communications, Very Rev. Fr. Anthony Godonu.

According to the Archbishop there is an urgent need for a better enabling environment to allow businesses thrive in a bid to reduce the high rate of unemployment and the grinding poverty in the land.

He urged leaders to prioritise the welfare of citizens over personal needs in addressing the widespread hunger, poverty, joblessness, and insecurity ravaging the nation.

ALSO READ: Tinubu Sends Hearty Christmas Greetings To Christians Worldwide

In his words, “Even in the face of policies that are deemed to have positive results in the long-term, such as the removal of fuel subsidies, floating of the naira and the new tax reforms initiative, governments must ensure that the immediate welfare of people is not neglected but factored into the planning and execution of such policies. This is necessary, if the people for whom the policies are being made are not to die before the positive results begin to manifest.

“At the same time, government spending must be prudent and compassionate. In addition, it is necessary to pay more attention to the agricultural sector so that food security can be ensured for overall benefit.”

The Prelate described as very sad and depressing the recent loss of several lives of innocent Nigerians in Ibadan, Abuja, and Anambra in their quest to access food palliatives owing to pervading hunger across the country.

He considered it worrisome that many Nigerians now find it difficult to purchase necessities of life, especially during this festive season that should be a period of merriment, sharing of love, food, and other essentials, which are the hallmarks of the Christmas season.

To forestall a reoccurrence of such ugly incidents, the prelate urged governments, at both federal and state levels, as well as the legislative assemblies, to identify and quickly fix the loopholes in the polity that are responsible for the massive poverty and hardship which Nigerians are facing.

He advocated the appraisal of the nation’s existing laws and enactment and enforcement of only proactive policies that would open the business environment, attract investors, and create more jobs so that the citizens can afford their basic needs; rather than depend on palliatives that offer only temporary relief.

The prelate urged substantial investments in the agricultural sector of the economy to ensure the availability of basic foodstuffs; thereby reducing the high cost of essential food items like rice, beans, onions and grains.

“If citizens have food in their homes, people will not endanger their lives while scrambling for palliatives in the way it happened,” he noted with sadness.

While praying for the souls of those who died in the recent stampedes in parts of the country, he also commiserated with those who lost their loved ones, praying that Jesus, the Prince of Peace would bring solace to the afflicted, comfort to the grieving, and hope to the despairing.

“This special season reminds us of the profound love of God, who sent His only Son to redeem humanity. May the light of Christ illuminate our lives, dispel darkness, and fill our hearts with love, compassion, and kindness. As we gather with family and friends, let us not forget those who are less fortunate, the vulnerable and the marginalised. May our celebration be a catalyst for acts of charity, generosity, and solidarity,” he stated.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.