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FAAC Shares N907bn To FG, States, LGAs

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The Federation Account Allocation Committee (FAAC) has shared the sum of N907.054billion for June 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.
This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for July 2023, yesterday.
The meeting was chaired by the Accountant General of the Federation, Dr. Oluwatoyin Madein.
The total distributable revenue comprised distributable statutory revenue of N301.501billion, distributable Value Added Tax (VAT) revenue of N273.225billion, Electronic Money Transfer Levy (EMTL) revenue of N11.436billion and Exchange Difference revenue of N320.892billion.
The balance in the Excess Crude Account (ECA) was $473,754.57.
The communiqué stated that Gross statutory revenue of N1.153trillion was received for the month of June 2023, higher than the sum of N701.787billion received in the previous month by 451.134billion.
According to the communiqué signed by Bawa Mokwa Director (Press and Public Relations) Office of the Accountant General of the Federation, Companies Income Tax (CIT) recorded tremendous increase in the month under review.
Import and Excise Duties, Value Added Tax (VAT), Oil and Gas Royalties increased significantly, while Petroleum Profit Tax (PPT) and Electronic Money Transfer Levy (EMTL) decreased considerably.

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I Am One Of You, Sole Administrator Tells Rivers People …Warns Against Violence, Crude Oil Sabotage

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The Sole Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ibas (rtd), has assured residents that he is not in the State as a partisan actor or political competitor but as a stabilising force to restore governance and order.
In a state broadcast yesterday, Ibas, who assumed duty at Government House, Port Harcourt, emphasised his commitment to protecting civil liberties and ensuring the safety of all citizens.
However, he issued a stern warning against crude oil sabotage and violence, urging residents to resist any temptation to return to past hostilities.
“For decades, I have dedicated my life to the service of our great nation—first as the 20th indigenous Chief of Naval Staff and later as Nigeria’s High Commissioner to Ghana. I answered this call out of the need for peace in Nigeria, and most importantly, in Rivers State,” Ibas stated.
Describing the prolonged political impasse as a major setback to governance and democracy, he acknowledged the hardships faced by families and businesses due to the prevailing uncertainty.
“As a son of the Niger Delta, I am one of you. I feel the weight of this crisis on families, businesses, and the future of our people,” he said.
Ibas commended President Bola Tinubu’s decisive action in declaring a state of emergency in Rivers State, stressing that it was a necessary move to restore stability and revive economic activities.
“My mandate is clear: restore law and order, ensure stability, and create an enabling environment for economic growth. But this mission requires collective support from all stakeholders, regardless of political affiliation or ethnicity,” he stated.
He discouraged attacks on oil infrastructure, reminding residents of the devastating environmental and economic consequences of such actions.
“The Niger Delta has moved beyond the destruction of oil facilities. We must resist the temptation to return to those ugly days,” he cautioned.
While pledging to uphold civil liberties and the rule of law, the Sole Administrator warned that lawlessness and violence would not be tolerated.
“We will not act arbitrarily, but we will not hesitate to deal decisively with anyone who threatens the peace and stability of Rivers State,” he declared.
Ibas revealed that he had concluded a State Security Council meeting where strategic measures were outlined to de-escalate tensions and prevent further conflict.
Expressing gratitude to President Tinubu for entrusting him with the responsibility, he also acknowledged the National Assembly for approving the emergency declaration.
“I will work closely with the national leadership under the guidance of the President. I am optimistic that Rivers State will emerge stronger and greater,” he concluded.

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Abuja Truck Explosion Death Toll Rises To 10  …As Another Truck Crashes On Same Spot 

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The Federal Capital Territory Emergency Management Department has confirmed that 10 persons have died in the truck explosion that occurred near Karu bridge, along the Abuja-Keffi Expressway, on Wednesday.

The FEMD’s Head of Public Affairs, Nkechi Isa, confirmed the numbers in a statement, yesterday.

The Acting Director General of the Emergency Department, Abdulrahman Mohammed, had earlier confirmed that eight persons had died as of yesterday morning, with five confirmed dead on the scene, and four others burnt beyond recognition.

““Five people were taken dead from the scene yesterday (Wednesday). Out of the people that were injured, one died, making six. Then this morning (yesterday), when I asked my people to go round, they discovered that two had already died again, making eight. Four of them from yesterday were burnt beyond recognition.”, he explained.

However, in her statement, Isa said the Head, Forecasting Response and Mitigation of FEMD, Mr Mark Nyam, said eight bodies were deposited at the Karu Hospital Morgue, one body at the Asokoro Distinct Hospital Morgue while another body was deposited at the National Hospital.

He added that some victims had been referred to the Gwagwalada Teaching Hospital, Federal Medical Centre, Keffi, and Cedercrest Hospital Abuja for proper care.

Part of the statement reads, “The FCT Emergency Management Department FEMD can confirm that 10 persons lost their lives to the truck explosion that occurred at Karu bridge along Abuja / Keffi expressway.

“The Head Forecasting Response and Mitigation of FEMD, Mr Mark Nyam said eight bodies were deposited at the Karu Hospital Morgue, one body at the Asokoro Distinct Hospital Morgue while another body was deposited at the National Hospital.”

He informed that over 30 persons suffered various degrees of burns.

“Some of the victims have been referred to Gwagwalada Teaching Hospital, Federal Medical Centre,Keffi and Cedercrest Hospital Abuja for proper care,” he said.

Isa also stated that no fewer than 10 vehicles were burnt during the incident, adding that the FEMD boss after a visit to the incident scene, appealed to motorists to observe traffic rules and regulations.

He also cautioned against reckless driving, dangerous overtaking and poor maintenance of vehicles, while urging FCT residents to always use the 112 emergency toll free number in the event of an emergency.

Meanwhile, barely 24 hours after the incident, another fertiliser-laden truck has collapsed on the same spot.

The Tide learnt that the incidence occurred at about 3:54pm yesterday.

The Head of Public Affairs of the FCT Emergency Management Department, Nkechi Isa, confirmed the accident in a statement, stating that the truck collided with a Hijet and a dump truck, adding that no life was lost.

She cautioned road users to drive with caution as the Federal Road Safety Corps was making efforts to tow away the affected vehicles, to avoid traffic built up.

“Another accident has occurred under Karu bridge along the Abuja-Keffi Expressway. Thankfully, no life was lost to the incident. Our Search and Rescue say the accident occurred when a truck laden with fertilizer ran into a Hijet and a dump truck also known as tipper.

“Motorists are advised to drive with caution as the Federal Road Safety Corps is taking steps to tow away the affected vehicles in order to avoid traffic built up,” the statement read.

Meanwhile, several videos showed some persons trying to clear the fertiliser bags from the fallen truck to ease traffic.

 

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N77,000 allowance to commence in March – NYSC D-G

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The Director-General of the National Youth Service Corps (NYSC), Brig.-Gen. Olakunle Nafiu, has assured that the payment of the newly increased monthly allowance of N77,000 to corps members will begin in March.

This is contained in a statement issued in Abuja on Thursday by the Acting Director of Information and Public Relations, Caroline Embu.

Nafiu made the announcement while interacting with corps members at the NYSC Zonal Offices in Wuse and Garki, Federal Capital Territory.

He assured the corps members that both the scheme and the Federal Government were committed to their welfare and would continue prioritising their well-being.

“With effect from March, you are going to receive N77,000 as your monthly allowance.

“NYSC is good at record-keeping, and I can assure you that your money will be paid. The nation and the scheme appreciate you,” Nafiu said.

He thanked the corps members for their selfless service and encouraged them to remain calm, dedicated, focused, and disciplined.

Nafiu also emphasised the significance of the NYSC scheme, stating that it was an initiative that built bridges and exposed graduates to cultural values beyond their places of birth.

The Director-General further stated that the NYSC management would continue to instill virtues such as patriotism, discipline, self-restraint, good morals, leadership qualities, and teamwork in future batches.

It will be recalled that the Federal Government approved the increase in corps members’ monthly allowance to N77,000 in September 2024, with the new allowance taking effect from July 2024.

Prior to this increase, corps members received a monthly allowance of N33,000. The raise aligns with the enactment of the National Minimum Wage (Amendment) Act 2024.

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