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FG, States, LGs Share N1.2tn In May
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The Federation Allocation Allocation Committee has disclosed that during the May 2024 meeting of the FAAC held in Abuja, N1.2tn from the April 2024 Federation Account Revenue was shared by the federal, states, and local governments.
The Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr Bawa Mokwa, disclosed this in a statement on Thursday.
The document revealed that N1.2tn total distributable revenue comprised distributable statutory revenue of N284.71bn, distributable Value Added Tax revenue of N466.45bn, Electronic Money Transfer Levy revenue of N18.02bn, and Exchange Difference Revenue of N438.88bn.
Total revenue of N2.19tn was available in April 2024.
The total deduction for the cost of collection was N80.51bn; the total transfers, interventions, and refunds were N903.47bn.
Gross statutory revenue of N1.23tn was received for April 2024.
This was higher than the sum of N1.01bn received in March 2024 by N216.28bn.
The gross revenue available from the value-added tax in April 2024 was N500.92bn. This was lower than the N549.69bn available in March 2024 by N48.77bn.
From the N1.2tn in total distributable revenue, the Federal Government received a total sum of N390.41bn, the state governments received N403.40bn, and the local government councils received N293.81bn.
A total sum of N120.450bn (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.
On the N284.716bn distributable statutory revenue, the communiqué stated that the Federal Government received N112.14bn, the state governments received N56.88bn, and the local governments received N43.855bn. The sum of N71.83bn (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.
The Federal Government received N69.96bn, the state governments received N233.22bn, and the local governments received N163.26bn from the N466.45bn distributable value-added tax revenue.
A total sum of N2.704bn was received by the FG from the N18.024bn Electronic Money Transfer Levy. The state governments received N9.012bn, and the local governments received N6.30bn.
The Federal Government received N205.59bn from the N438.88bn Exchange Difference revenue. The state governments received N104.27bn, and the local governments received N80.39bn. The sum of N48.62bn (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.
According to the communiqué, in April 2024, oil and gas royalties, company income tax, excise duty, petroleum profit tax, electronic money transfer levies, and CET levies increased significantly, while import duty and value-added tax recorded considerable decreases.
The FAAC noted that the balance in the Excess Crude Account remained at $473,754.57.
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Disclaimer: NDLEA alerts public on fraudulent auction offers impersonating officials
The National Drug Law Enforcement Agency (NDLEA) has drawn attention to a fraudulent scheme orchestrated by criminal elements and scammers targeting unsuspecting members of the public.
The fraudsters have been found using the names of top NDLEA officials, most notably the Secretary to the Agency, Barrister Shadrach Haruna, to issue fake private letters and messages offering cheap forfeited vehicles for sale on auction.
The public is hereby notified that these offers are a complete scam. The Agency wishes to categorically state that these fraudulent offers are a malicious gimmick designed solely to defraud targeted individuals of their hard-earned money.
No official of the Agency has the mandate to privately offer, allocate, or sell forfeited vehicles or any other seized assets to individuals. Vehicles and other assets forfeited as proceeds of drug crimes are strictly auctioned through public processes managed by appointed, government-registered auctioneers. Any legitimate auction exercise is widely publicized in national dailies and through the Agency’s official channels, in line with established legal and public procurement guidelines.
Members of the public are strongly urged to discountenance, ignore, and report any such private letters, text messages, or social media offers claiming to originate from Barrister Shadrach Haruna or any other NDLEA official.
The NDLEA remains committed to maintaining transparency and integrity in all its operations. Do not fall victim to these criminal elements. If you are approached with such fraudulent offers, please report immediately to the nearest NDLEA command or via our official communication channels.
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2027 reggae dance: New ADC presidential candidate emerges
By Kayode Sanni-Arewa
A faction of the African Democratic Congress (ADC) led by Nafiu Gombe has picked Professor Chris Uba as its presidential candidate for the 2027 general election.
The party disowned former Vice President Atiku Abubakar as its flag bearer.
The group said the party had already completed its presidential nomination process in line with its constitution and the Electoral Act, adding that Uba emerged as the recognized candidate after all required procedures were concluded.
The faction also disowned the National Working Committee headed by former Senate President David Mark, saying it has no constitutional or legal authority to act on behalf of the party.
It maintained that the recognized leadership of the ADC remains in charge of the party’s affairs.
According to the statement released on Wednesday, the clarification became necessary to stop attempts to create confusion about the party’s position ahead of the 2027 general elections.
The group said the ADC had not entered into any alliance, merger or coalition with any political party.
added that the party remains independent and intends to contest the elections with its own structure, manifesto and leadership.
The faction said it believes Uba has the experience, character and capacity to lead the country if elected in 2027.
It also warned Atiku against presenting himself as the ADC’s presidential candidate, saying such a claim is false and could mislead party members and the public.
The group added that the ADC would not allow its platform to be used by politicians pursuing personal ambitions or by coalition groups seeking to take over the party’s structure.
It said every constitutional and legal step would be taken to protect the party from what it described as unauthorised use of its name and platform.
The faction also dismissed reports suggesting that there were plans to stop the ADC from participating in the 2027 elections, expressing confidence in the Independent National Electoral Commission and the country’s electoral process.
It said the party is preparing to present candidates for the presidency, governorships, National Assembly, state assemblies and local government elections across the country.
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ANGER: Three Brothers Face Murder Charge for Beating man to death for dating Their Mom
Three brothers have appeared before the Mbabane Magistrates Court in Swaziland on a murder charge following the brutal de@th of their mother’s boyfriend.
The accused, Mlondi Mbuli, 25, Sakhelwe Mbuli, 18, and Lindani Mdziniso, 23, all from the Hholoshini area in Eswatini’s Hhohho Region, are alleged to have fatally assaulted Njabulo Ngwenya on June 28, 2026.
According to police, the brothers att@cked Ngwenya with bricks, stones, sticks, open hands, and kicks to different parts of his body. Investigators allege the assa¥lt was motivated by the brothers’ belief that Ngwenya was having a relationship with their biological mother.
Court records state that the incident was reported after Sibongile Motsa, also from Hholoshini, informed police that she discovered her son, Njabulo Ngwenya, lying deed inside her sister’s house at about 1 a.m. on June 28, 2026.
The matter came before Principal Magistrate Sfiso Vilakati during the trio’s initial court appearance.
The three defendants have been remanded in custody until July 10, 2026, pending committal of the case to the High Court for further proceedings.
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