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FAAC: FG, States, Councils share N1.149trn for January 2024

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A total revenue of N2.068 trillion was collected in the month of January 2024 into the Federation Account.
Deductions for cost of collection was N78.412 billion with total transfers, interventions and refunds N639.926 billion and savings N200.000 billion.
As a result of the deductions from the total revenue, the Federation Account Allocation Committee (FAAC) shared N1.149 trillion from the January 2024 Federation Account Revenue to the Federal Government, States and Local Government Councils.
This means the federal government saved N919 billion in the special account created after the end of fuel subsidy was announced by President Bola Ahmed Tinubu in May, 2023.
The balance in the Excess Crude Account (ECA) still stands at $473,754.57.
Director Press and Public Relations in the Office of the Accountant General of the Federation (OAGF), Bawa Mokwa in a statement on Thursday in Abuja informed that the revenue was shared at the February 2024 meeting of the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun.
Mokwa, quoting a communique by FAAC said: “The N1.149 trillion total distributable revenue comprised distributable statutory revenue of N463.079 billion, distributable Value Added Tax (VAT) revenue of N391.787 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.922 billion and Exchange Difference revenue of N279.028 billion.
“Interestingly the federation account benefitted (N279.028 billion) from the January crash of the Naira. The inflow of N279.028 billion from Exchange Rate Differentials in January 2024 signifies the gains realized from favorable exchange rate movements on foreign currency transactions or investments that were translated into the local currency, ultimately boosting the financial position of the federation account.
“In other words, the dollar rate at which the nation sold crude oil resulted as a blessing to the federation account when the Naira fell.”
The OAGF spokesman added that the gross statutory revenue of N1.151 trillion was received for the month of January 2024.
 “This was higher than the sum of N875.382 billion received in the month of December 2023 by N276.426 billion,” he said.
“The gross revenue available from the Value Added Tax (VAT) in January 2024 was N420.733 billion.  This was lower than the N492.506 billion available in the month of December 2023 by N71.773 billion,” he added.
According to him: “The communique stated that from the N1,149 trillion total distributable revenue, the Federal Government received a total of N407.267 billion, the State Governments received N379.407 billion and the Local Government Councils received N278.041 billion.
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Total Blackout Looms As Vandals, Again, Attack Transmission Line – TCN

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By Kayode Sanni-Arewa

The Transmission Company of Nigeria (TCN) on Thursday said its tower T195 along the Ugwuaji–Makurdi 330 kV transmission line was vandalised on Saturday.

TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, in a statement in Abuja, said that the vandalism took place at Watuolo village, Utonkon, in Ado Local Government Area of Benue.

Mbah, however, said that the vandalism was thwarted by the vigilance of the community members, who at about 3 a.m. noticed suspicious activity around the tower.

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She said that the community members promptly apprehended one of the suspected vandals while the others escaped and handed him over to the police.

”TCN commends the people of Watuolo village for their swift action and vigilance.

”We equally appeal to communities hosting critical infrastructure to emulate this example and take ownership of protecting transmission installations in their vicinity.

As we continue to work with security operatives and host communities against vandalism, we appeal for more vigilance by the residents in the communities, who we believe are very critical in this fight,” she said.

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(NAN)

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Lovers jailed 3 months for adultery in FCT

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A Gwagwalada Magistrates’ Court, Abuja on Thursday sentenced two lovers, Mohammed Nazifi, 30, and Bilkisu Ibrahim, 25, to three months imprisonment each for adultery.

The police charged the lovers with a one-count charge of adultery by man and woman, to which they pleaded guilty.

Nazifi pleaded with the court to temper justice with mercy, saying he was a married man with little children to take care of.

Ibrahim also begged the court for mercy, saying she had a 3-year-old child and an aged mother, who depended on her.

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The Magistrate, Olatunji Oladunmoye, had previously remanded the convicts in order for them to provide a witness that would vouch for their conduct of good character.

He finally sentenced them when they could not provide any.

Oladunmoye sentenced the lovers to 3 months imprisonment each with an option of N25,000 fine each.

The magistrate said the essence of the punishment was not to ruin or destroy the convicts but to reform them.

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He added that it would also serve as a deterrent to anyone who wanted to toe the same path.

Earlier, the prosecutor, Dabo Yakubu, told the court that the complainant, Mr Dayabe Abdullahi of Chibiri village, Kuje, Abuja, reported the matter at the Area Command, Gwagwalada, Abuja on Jan. 16.

Yakubu said that the convicts conspired and had sexual intercourse, and both confessed to the crime in their statements.

He said that the offence contravened the provisions of sections 387 and 388 of the Penal Code.

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According to him, sections 387 and 388 refer to a man or a woman subject to customary law where extra-marital sexual intercourse is recognised as a criminal offence.

“If the man or woman has sexual intercourse with anyone other than his spouse, he/she is guilty of adultery and shall be punished with imprisonment for a term. The term may extend to two years or with fine or with both,” he said.

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Billionaire kidnapper, Evans Re-Arraigned, Begs For Plea Bargain, clemency

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Billionnaire kidnapper Chukwudumeme Onwamadike a.k.a Evans, on Thursday urged the Lagos High Court Ikeja, to consider his application for plea bargain, forgiveness and clemency.

He spoke through his new lawyer, Chief Emefo Otudo, immediately after he was re-arraigned over a five-count charge of alleged murder and kidnapping, by the Lagos State Government.

In the charge filed before Justice Adenike Coker, Evans and one Joseph Nkenna Emeka pleaded not guilty to alleged kidnapping and murder.

According to Evans lawyer, Chief Etudo, the substance of Evans’ application for plea bargain, is with respect to three pending criminal cases on compassionate grounds.

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He has earlier been convicted in two other cases with 14 years imprisonment and life jail respectively.

His lawyer told Justice Coker that have been converted to a reasonable human being and being a criminal to a teacher charged entirely Evans name should be graciously dropped from the three pending charges.

He submitted: “That a fresh charge be discretionally filed against the first defendant upon which he will plead guilty and serve 14 years imprisonment If approved.

“That the 14 years imprisonment that may be imposed in the new charge be made to run concurrently with other sentences that might have been given in his other cases listed above.

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“Our authority for bringing this application is attached as Appendix 6 and this application supersedes and overrides any previous application made by or on behalf of Mr Onwuamadike for plea bargain.

Speaking further Cheif Otudo told the court that there are five criminal cases against Evans and Lagos state has been prosecuting him for those cases and have gained conviction in two.

He said during the cause of the prosecution Evans has been incarcerated for about eight years.

“While in prison, the Federal Government offered the first defendant and other inmates a second chance and offered them opportunity to to go to school.

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“The first defendant (Evans) accepted offer to be educated as they were given scholarship by Federal Government. He has now earned an NCE teaching certificate in Economics.

“He is now a teacher and no longer a criminal. Copy of his NCE certificate and the project he did are attached as appendix 1 & 2.

“Mr Chukwudumeme Onwuamadike was also given admission in the National Open University of Nigeria under the scholarship granted by the Federal Government.

“He is now in 200 level in National Open University of Nigeria offering political Science. Copy of his admission letter is attached as appendix 3. And copy of his ID Card in National Open University of Nigeria is attached as appendix
4.

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“Mr Onwuamadike has also learnt technology under the Federal Ministry of Labour and Productivity; to wit, welding and metal fabrication and passed all tests. Copy of the test by Ministry of Labour and Productivity is attached as appendix 5.

Justice Coker told both the Prosecuting lawyer, Mr A. Y. Sule and Chief Otudo representing both parties to wait till March 20, when decision of the committee set up by the Lagos State government on Evans’ application would have been released.

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