News
FAAC shares N1.578tr to federal, states, councils for March 2025

Monthly disbursements to the federal, states and local government areas dropped for the third consecutive time yesterday. The Federation Account Allocation Committee (FAAC) shared N1.58 trillion to the three tiers for March
The committee announced N2. 411 trillion as the total revenue generated in March at its April meeting in Abuja yesterday.
The total distributable revenue comprised N931.325 billion from statutory sources, N593.750 billion from Value Added Tax (VAT), N24.971 billion from the Electronic Money Transfer Levy (EMTL) and N28.711 billion from Exchange Difference revenue.
According to the communiqué issued by FAAC, the gross revenue available for March stood at N2.411 trillion. The deductions for cost of collection stood N85.376 billion, while N747.180 billion went to transfers, interventions and refunds accounted consumed.
Despite the lower net revenue available for distribution, the March statutory revenue of N1.718 trillion showed an increase of N65.422 billion over the N1.653 trillion received in February.
However, revenue from Value Added Tax (VAT) dropped to N637.618 billion last month from the February figure of N654.456 billion – a decrease of N16.838 billion.
From the total distributable sum of N1.578 trillion, the federal government received N528.696 billion; states collectively got N530.448 billion, while the 774 local government areas received N387.002 billion. Additionally, N132.611 billion – representing 13 per cent of mineral revenue – was allocated to oil-producing states as derivation revenue.
The breakdown of the N931.325 billion statutory revenue shows that the federal government took N422.485 billion, the states got N214.290 billion and N165.209 billion shared to the councils. The oil-producing states received N129.341 billion from this component as derivation revenue.
From the VAT pool of N593.750 billion, the federal government got N89.063 billion, states got N296.875 billion and the local government areas got N207.813 billion.
For the EMTL revenue of N24.971 billion, the federal government took N3.746 billion, states received N12.485 billion and local government areas went home with N8.740 billion.
In the case of Exchange Difference revenue of N28.711 billion, the federal government received N13.402 billion, states N6.798 billion and local government areas was allocated N5.241 billion. A further N3.270 billion from this revenue was distributed as 13 per cent derivation to oil-producing states.
A deeper look into the revenue trends shows that while Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) increased significantly during the month under review, several other key sources witnessed declines.
These include Oil and Gas royalty, EMTL, VAT, Excise Duty, Import Duty, and Common External Tariff (CET) Levies.
News
500 lawyers set to defend Utomi against DSS

A professor of Political Economy, Pat Utomi, on Friday said he is receiving support from some Nigerians who are planning to mobilise 500 lawyers to defend him against the Department of State Services.
Utomi revealed this in a post on X.
“It’s energising (that) some want to put together 500 lawyers to defend me against the DSS,” he said.
The DSS had sued Utomi over his alleged plan to establish what he calls “a shadow government” in the country.
According to the suit filed at the Federal High Court in Abuja, the DSS prayed the court to declare the move an attack on the Constitution.
The professor of Political Economy, who is the 2007 presidential candidate of the African Democratic Congress (ADC), was sued as the sole defendant.
In the suit filed on May 13 by a Senior Advocate of Nigeria, Akinlolu Kehinde, the agency contended that the move by Utomi was intended to create chaos and destabilise the country.
The DSS had argued that the planned shadow government was not only an aberration but also constituted a grave attack on the Constitution and a threat to the democratically elected government currently in place.
However, Utomi said he was gladened by the solidarity he had received from across the country.
“I am heartened by messages of solidarity from across Nigeria on this shadowy business of chasing shadows of shadow cabinets. Reminds me of the Nigeria I used to know. I want to thank all.”
The planned shadow cabinet was greeted by reactions from several Nigerians, including a former presidential candidate and activist, Omoyele Sowore, who said it was an ineffective symbolic gesture that lacked real-world impact on Nigeria’s pressing challenges.
Speaking during an interview on Inside Sources on Channels TV on Sunday, Sowore argued that the idea of a shadow cabinet was futile in a country where the existing government is itself opaque and largely unaccountable.
He said, “Well, how do you replace a shadow government with another set of shadowy governments? I would not begrudge anybody who thinks of solutions that can bring awareness to the people.
“But I do not think that setting up a government with names of people who call themselves a shadow government makes any difference.”
News
Police Speaks on Viral Video of Young Men Arriving in Ibeju-Lekki

The Lagos State Police Command has issued an official statement addressing a viral video that sparked concern on social media, showing a large group of young men reportedly arriving in Lagos and gathering near the Dano Company premises in Ibeju-Lekki.
According to the Command, the incident occurred on May 14, 2025, prompting swift deployment of officers to the scene for investigation. The police confirmed that the individuals—eighty-nine in total—had arrived from Katsina State to work as labourers at the Dangote Refinery in Lekki.
A contractor affiliated with the refinery informed the police that he personally recruited the workers for legitimate employment, a statement corroborated by the refinery’s Chief Security Officer (CSO). All individuals were cleared for entry and are expected to reside within the refinery premises.
The police confirmed that thorough checks were conducted, revealing no incriminating materials. The labourers also presented valid National Identification Numbers (NINs), which were successfully verified by the authorities.
Commissioner of Police, CP Olohundare Jimoh, urged the public to refrain from spreading unverified information that could incite panic or tension. He assured residents of the Command’s continued commitment to public safety and swift response to potential threats.
Police Public Relations Officer, CSP Benjamin Hundeyin, signed off on the statement, reaffirming the Command’s dedication to transparency and law enforcement in Lagos State.
News
Finland charges Simon Ekpa with inciting terrorism

Finnish prosecutors on Friday said they had charged a man with inciting terrorism online who a media report identified as Nigerian separatist leader Simon Ekpa.
Finland’s National Prosecution Authority said in a statement that it had charged “a Finnish individual in a case involving suspected public incitement to commit crimes with terrorist intent and participation in the activities of a terrorist group.”
It added that the alleged crimes had been committed in the city of Lahti between 2021 and 2024 and were related to the suspect’s efforts to establish Nigeria’s Biafra region as an independent state.
The prosecution authority did not name the accused but Finnish public broadcaster YLE identified him as separatist leader Simon Ekpa.
Ekpa — who claims to lead the Biafra Republic’s government in exile — was detained in November.
According to the prosecution authority, the accused remained in custody and denied the charges.
Ekpa is known as a self-proclaimed leader of a faction of the Indigenous People of Biafra (IPOB), which is pushing for the independence of Nigeria’s southeast, where a bloody civil war was fought in the late 1960s.
The dual Finnish-Nigerian national has also been a local representative for Finland’s conservative National Coalition Party in the city of Lahti, north of Helsinki, where he has served on a public transport committee.
When Ekpa was arrested, Finnish authorities also requested that four other people be remanded in custody on suspicion of financing Ekpa’s activities.
On Friday, the prosecution authority said the prosecutor had decided to drop charges against four others in the case due to a lack of evidence.
Ekpa has been the subject of several of AFP’s fact checks in recent years over false claims and disinformation he has made in independence campaigning.
AFP
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