News
FAAC: FG, 36 states, 774 LGCs share N1.678trn for February
The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦1.678 trillion, representing the February 2025 Federation Account Revenue, to the Federal, State, and Local Governments.
The revenue was distributed at the March 2025 FAAC meeting held in Abuja, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The meeting was attended by the Accountant General of the Federation, Shamseldeen Ogunjimi.
The total distributable revenue of ₦1.678 trillion comprised distributable statutory revenue of ₦827.633 billion, distributable Value Added Tax (VAT) revenue of ₦609.430 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦35.171 billion, Solid Minerals revenue of ₦28.218 billion, and Augmentation of ₦178 billion.
According to a communiqué issued by the Federation Account Allocation Committee (FAAC), a total gross revenue of ₦2.344 trillion was available for the month of February 2025. The total deduction for cost of collection was ₦89.092 billion, while total transfers, interventions, refunds, and savings amounted to ₦577.097 billion.
The communiqué stated that gross statutory revenue of ₦1.653 trillion was received for the month of February 2025. This was lower than the ₦1.848 trillion received in January 2025 by ₦194.664 billion.
Gross revenue of ₦654.456 billion was available from VAT in February 2025, which was lower than the ₦771.886 billion available in January 2025 by ₦117.430 billion.
The communiqué also stated that from the total distributable revenue of ₦1.678 trillion, the Federal Government received ₦569.656 billion, the State Governments received ₦562.195 billion, and the Local Government Councils received ₦410.559 billion. Additionally, a total sum of ₦136.042 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
Bawa Mokwa, Director (Press and Public Relations), said in a statement that from the ₦827.633 billion distributable statutory revenue, the Federal Government received ₦366.262 billion, the State Governments received ₦185.773 billion, and the Local Government Councils received ₦143.223 billion. Furthermore, the sum of ₦132.374 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
From the ₦609.430 billion distributable VAT revenue, the Federal Government received ₦91.415 billion, the State Governments received ₦304.715 billion, and the Local Government Councils received ₦213.301 billion.
A total of ₦5.276 billion was received by the Federal Government from the ₦35.171 billion Electronic Money Transfer Levy (EMTL). The State Governments received ₦17.585 billion, and the Local Government Councils received ₦12.310 billion.
From the ₦28.218 billion Solid Minerals revenue, the Federal Government received ₦12.933 billion, and the State Governments received ₦6.560 billion. The Local Government Councils received ₦5.057 billion, and a total sum of ₦3.668 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
The Augmentation of ₦178 billion was shared as follows: the Federal Government received ₦93.770 billion, the State Governments received ₦47.562 billion, and the Local Government Councils received ₦36.668 billion.
In February 2025, Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) increased significantly, while Value Added Tax (VAT), Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies recorded decreases.
By Kayode Sanni-Arewa
The UK government has released a list of unclaimed estates belonging to individuals from different countries who died in the UK, including 58 Nigerians.
These estates have been listed as “Bona Vacantia,” meaning they have been unclaimed for a certain period and are now the property of the Crown ¹.
In the updated list released on Monday, march 24, the UK government released that a total of 5,806 people from different countries died with no one to claim their properties.
The list includes the names, dates of birth and death, and places of death of the individuals. Names of the dead individuals are:
S/N Property Owner Place of Birth Date of Death
day/month/year Place of Death Marital Status BV Reference
1 Arbel Aai’Lotta’Qua Abouarh Nigeria 5/2/1998 Chiswick London W4 Widower BV984930/1
2 Adenike Adebiyi Nigeria Unknown Hackney London N1 Spinster BV21003032/1
3 Akanni Jeremiah Adejumo Nigeria 31/03/2017 Muswell Hill London N10 Unknown BV21711076/1
4 Solomon Adekanmibi Nigeria 31/01/2021 Colchester Essex Unknown BV22207473/1
5 Ganiyu Akambi Aderinto Not specified 20/07/2016 Archway London N19 Unknown BV21808132/1
6 Richard Adesanya Nigeria 20/07/2016 Hackney London E9 Unknown BV21808132/1
7 Jeff Adhekeh Nigeria Unspecified South Kensington London SW7 Unknown BV22107842/1
8 Isaac Ademola Adio Nigeria 17/08/2012 Harrow Middlesex Bachelor BV21304418/1
9 Julius Ajidahuan Nigeria Unspecified Ilford Essex Bachelor BV2097929/1
10 Julius Taiwo Akinyeye Ondo, Nigeria 19/07/1995 Derby Derbyshire Unknown BV960071/1
11 Charles Ayodele Aliu Nigeria 31/03/2011 Solihull West Midlands Bachelor BV21213206/1
12 Peter Ifeanyi Arinze Nigeria 23/03/2000 Camberwell London SE5 Bachelor BV2026061/1
13 Folayele Festus Awosika Nigeria 1/3/2001 Hammersmith London W6 Unknown BV2037690/1
14 Olajide Ayinde Nigeria 25/04/1997 Hackney London E9 Bachelor BV974293/1
15 Matthew Balogun Nigeria 31/12/2005 Clapham London SW4 Bachelor BV2084437/1
16 Henry Banjoko Nigeria Unknown Hampstead London NW3 Bachelor BV2074183/1
17 John Olaolu Bankole Ibadan, Nigeria 27/04/2010 London EC1V Husband BV21105049/1
18 Tessi Bello Nigeria 15/10/2003 Camden London NW3 Bachelor BV2051782/1
19 Peter Benson Nigeria 1/2/2019 Stratford London E15 Unknown BV21918199/1
20 Paul Benard Lagos, Nigeria Unknown Camden London NW1 Widower BV2087609/1
21 Eugene Bucknor Nigeria 2/3/2021 Brockley London SE4 Bachelor BV22108784/1
22 Samuel Emeka Chude Nigeria Unspecified Birmingham Unknown BV21201209/1
23 Nathaniel Davies Nigeria 7/4/2010 Clapton London E5 Bachelor BV21211255/1
24 Charles Dixon Nigeria 4/8/2018 Basingstoke Hampshire Unknown BV21817506/1
25 Enwukwe Graham Kwedi Ede Nigeria 6/1/2011 Lambeth London SE1 Unknown BV21106358/1
26 Sunny Eyo Edem Calabar, Nigeria 16/09/2011 Ilford Essex Widow BV21114789/1
27 Victor Adedapo Olufemi Fani-Kayode Lagos, Nigeria 15/08/2001 Birmingham West Midlands Bachelor BV2026069/1
28 Bose Abosede Elizabeth Fige Bendel, Nigeria 4/5/2008 Paddington London W2 Spinster BV2085258/1
29 Samuel William MacAuley Godwin Nigeria 25/02/2010 Lambeth London SE1 Bachelor BV21106495/1
30 Salamatu Harford Nigeria Unspecified South Norwood London SE25 Widow BV2091608/1
31 Louisa Holmes Nigeria 24/05/2021 Cheam Sutton Spinster BV22201373/1
32 Tamunokombia Morris Isodiki Nigeria Unspecified Camden London NW1 Single man BV2011682/1
33 Oyinoluwa Ttijesulase Jesugoodness Nigeria 4/5/2011 Tottenham London N15 Unknown BV21400247/1
34 Ibidun Johnson Nigeria 14/02/2003 Peckham London SE15 Unknown BV21307554/1
35 William Kadry Nigeria Unspecified Fulham London SW6 Bachelor BV21200174/1
36 Victoria Myers Nigeria 7/8/2010 St.Johns Wood London NW8 Widow BV21914328/1
37 Mark N’Wogo Nigeria Unknown Surrey Mid-Eastern Surrey Unknown BV93623/1
38 Zacheus Idowu Ogunsanya Nigeria 29/08/2003 Camberwell London SE5 Unknown BV2040843/1
39 Ifetayo Oguntayo Ogun State, Nigeria 20/11/2016 Upper Edmonton London N18 Single man BV21705991/1
40 John Emanuel O’Hosi Nigeria 18/02/2007 Leeds West Yorkshire Bachelor BV2071815/1
41 Stephen Oliyide Nigeria 20/10/2013 Catford London SE6 Bachelor BV21508718/1
42 Joyce Omoni Nigeria 28/02/2014 Peckham London SE15 Spinster BV21503408/1
43 Adeoye Kuyoro Onanuga Nigeria 30/08/2008 Kingston upon Thames Surrey Unknown BV21609894/1
44 Kayode Orishagbemi Yola, Nigeria Unspecified Northampton Northamptonshire Bachelor BV21202011/1
45 Tex Orrico Lagos, Nigeria 28/09/2009 Marylebone London W1 Bachelor BV20911088/1
46 Florence Baby Osikpa Nigeria 8/1/2015 Paddington London WC2 Spinster BV21501417/1
47 Kate Blessing Osolase Nigeria 9/9/2014 Wednesbury West Midlands Unknown BV21906100/1
48 Francis Ossai Nigeria 21/01/2000 Highgate London N6 Unknown BV2064064/1
49 Sunday Owolabi Nigeria 26/04/2020 Whitechapel London E1 Bachelor BV22015871/1
50 Gabriel Nduaguba Ozokoli Nigeria 23/04/1994 Edmonton London N18 Unknown BV22005943/1
51 Cecilia Ricketts Nigeria 15/10/2010 Hackney London E9 Spinster BV21110413/1
52 Henry George Babatunde Taylor Lagos, Nigeria Unknown St Pancras London WC1 Unknown BV2077793/1
53 John Uzoma Nigeria 14/07/2016 Camden London NW3 Unknown BV21815461/1
54 Akinlolu Olaniran Williams Lagos, Nigeria 26/07/2013 Sheffield South Yorkshire Bachelor BV21315131/1
55 Akinola Willaims Nigeria 16/02/2008 Northampton Northamptonshire Widower BV2081939/1
56 Nathaniel Babatunde Williams Lagos, Nigeria 22/02/2009 Birmingham West Midlands Bachelor BV2092299/1
57 Samuel Ademola Williams Nigeria 21/01/2016 Wanstead London E11 Bachelor BV21808988/1
58 Salihu Ajadi Yusuff Nigeria 4/1/2017 Leeds West Yorkshire Unknown BV21713497/1
Source: gov.uk
Research shows that none of the deceased families has come to make a claim.
By Kayode Sanni-Arewa
Ghana’s Black Stars are set to participate in a high-profile four-nation tournament in June, where they will take on fierce West African rivals Nigeria and European giants England.
The competition will serve as a crucial test for Otto Addo’s squad as they prepare for upcoming international engagements.
The tournament, which will feature two additional nations yet to be confirmed, presents an opportunity for the Black Stars to assess their strength against top-tier opposition in the next FIFA international window.
Meanwhile, Ghana’s Minister of Youth and Sports has addressed concerns regarding the Black Stars’ budget for the upcoming World Cup qualifiers scheduled for this month.
The minister assured the public that necessary financial provisions are being made to ensure the team’s smooth participation in the qualifiers.
The four-nation tournament is expected to offer the Black Stars valuable competitive exposure as they continue their rebuilding phase under Otto Addo.
Fans eagerly anticipate the matchups, particularly the showdown with Nigeria, a fixture known for its intense rivalry and historical significance
Source: Classfmonline.com
The Rivers State Sole Administrator, Retired Vice Admiral Ibok-Ete Ibas, has suspended all political appointees and office holders appointed by suspended Governor Siminalayi Fubara with immediate effect.
In a statement on Wednesday, the Chief of Staff to the Administrator said the decision was made under the powers granted to Ibas by President Bola Tinubu.
Those affected include the Secretary to the State Government, the Chief of Staff, all commissioners, chairpersons and members of boards, agencies, commissions, and parastatals, as well as all Special Advisers, Special Assistants, and Senior Special Assistants.
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The statement directed the suspended officials to hand over to the Permanent Secretaries in their respective ministries, departments, and agencies (MDAs).
Where no Permanent Secretary is in place, the most senior Director or Head of Administration will assume leadership.
Details to follow…
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