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FAAC Distributes ₦1.2 Trillion To FG, States, Local Govts For April

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FAAC Distributes ₦1.2 Trillion To FG, States, Local Govts For April
The Federation Account Allocation Committee (FAAC) has distributed a total of ₦1.2 trillion to the federal, state, and local governments for April 2024. This information was disclosed in a statement issued by Bawa Mokwa, the director of press and public relations in the office of the accountant-general of the federation (OAGF).....KINDLY READ THE FULL STORY HERE▶

Breakdown of the Allocation:

  • Distributable Statutory Revenue: ₦284 billion
  • Distributable Value-Added Tax (VAT) Revenue: ₦466 billion
  • Electronic Money Transfer Levy (ETML) Revenue: ₦18 billion
  • Exchange Difference Revenue: ₦438 billion

Total Revenue and Deductions:

  • Total Revenue Available in April 2024: ₦2.1 trillion
    • Cost of Collection: ₦80 billion
    • Transfers, Interventions, and Refunds: ₦903 billion

Gross Statutory Revenue:

  • April 2024: ₦1.2 trillion (an increase of ₦216 billion from March’s ₦1.01 trillion)

Distribution:

  • Federal Government: ₦390 billion
  • State Governments: ₦403 billion
  • Local Governments: ₦293 billion
  • 13% Derivation Revenue (Benefiting States): ₦120 billion

Breakdown of Distributable VAT Revenue (₦466 billion):

  • Federal Government: ₦69 billion
  • State Governments: ₦233 billion
  • Local Governments: ₦163 billion

Breakdown of EMTL Revenue (₦18 billion):

  • Federal Government: ₦2.704 billion
  • State Governments: ₦9 billion
  • Local Governments: ₦6 billion

Exchange Difference Revenue (₦438 billion):

  • Federal Government: ₦205 billion
  • State Governments: ₦104 billion
  • Local Governments: ₦80 billion
  • 13% Derivation Revenue (Benefiting States): ₦48 billion

Increases and Decreases:

FAAC noted significant increases in oil and gas royalties, companies’ income tax (CIT), excise duty, petroleum profit tax (PPT), EMTL, and CET Levies for April. However, import duty and VAT recorded decreases.

Excess Crude Account (ECA):

  • Balance for April: $473,754

This detailed distribution reflects the continued efforts of the FAAC to ensure equitable sharing of national revenues among the three tiers of government, aimed at fostering economic stability and development across Nigeria.

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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.

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UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶

  • Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.

  • Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.

  • Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.

  • Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.

  • Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.

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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.

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Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶

  • Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.

  • Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.

Frank Tietie’s Position

  • During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.

  • Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.

  • He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.

  • Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.

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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.

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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶

  • The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.

  • The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.

  • The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.

  • Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”

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