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Fed account receives N2.3trn as FAAC shares N1.7trn to FG, states, LG

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The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.678 trillion to the federal, state, and local governments for March 2025 expenditures. This comes from the gross revenue of N2.344 trillion generated in February.

According to a statement issued by the Office of the Accountant-General of the Federation, total deductions for cost of collection amounted to N89.092 billion, while transfers, interventions, refunds, and savings stood at N577.097 billion. The FAAC meeting was chaired by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and attended by the Accountant-General of the Federation, Shamseldeen Ogunjimi.

The total distributable revenue of N1.678 trillion consisted of N827.633 billion in statutory revenue, N609.430 billion in Value Added Tax (VAT), N35.171 billion from the Electronic Money Transfer Levy (EMTL), N28.218 billion from solid minerals revenue, and an augmentation of N178 billion.

The amount shared this month was N194.664 billion lower than the N1.848 trillion disbursed in the previous month. The VAT revenue of N654.456 billion was also lower than last month’s N771.886 billion by N117.430 billion.

From the total allocation, the federal government received N569.656 billion, while state governments got N562.195 billion, and local government councils were allocated N410.559 billion. Additionally, N136.042 billion was shared with oil-producing states as derivation revenue.

In the breakdown of the N827.633 billion statutory revenue, the federal government received N366.262 billion, state governments got N185.773 billion, local government councils received N143.223 billion, and N132.374 billion was allocated to oil-producing states as derivation revenue.

From the N609.430 billion VAT revenue, the federal government received N91.415 billion, state governments got N304.715 billion, and local governments were allocated N213.301 billion.

The federal government also received N5.276 billion from the N35.171 billion EMTL revenue, while state governments got N17.585 billion and local governments received N12.310 billion.

For the N28.218 billion solid minerals revenue, the federal government received N12.933 billion, state governments got N6.560 billion, local governments received N5.057 billion, and oil-producing states were allocated N3.668 billion as derivation revenue.

The N178 billion augmentation was distributed with N93.770 billion going to the federal government, N47.562 billion to state governments, and N36.668 billion to local governments.

The statement noted that while Oil and Gas Royalty and EMTL revenue increased significantly, VAT, Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies declined.

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Kunav Alliance Commends Speaker Hyacinth Dajoh over Moral support to Gov Alia

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…Calls on other critical stakeholders to support the administration vision

…passes vote of confidence on BIRS Management

The Kunav Alliance, a socio -political and cultural elite group of like-minds from “Kunav” extraction has called on all well meaning citizens to support the administration of His Excellency Fr Dr Hyacinth Alia to succeed in it’s vision. The group led by it’s coordinator Joseph Uyeh and national president Mr Daniel Akor in a communique issued after an extraordinary meeting held at the Metropolitan Hotels in Makurdi the state capital, addressed critical issues of interest to the group while focusing on the overall objectives and stability of the administration of His Excellency Fr Dr Hyacinth Alia whom the group noted was an honorary member of the forum.

“The Kunav Alliance as you all know has no boundaries with membership, though a flagship of Kunav indigent elites, it has now metamorphosed into a broader group of persons from all regions who share in the objectives and vision of collective prosperity for all”Highlighting the group’s commitment to the success of the current administration, Mr Uyeh lauded the strategic support of the some key personalities who have demonstrated total support for the governor to succeed so far.

” The Kunav Alliance said it was particularly proud of the efforts of the speaker of the 10th Benue State legitimate, Rt Hon Hyacinth Aondona Dajoh , who has brought stability to the administration more than any other speaker in recent times. “Mr Speaker has been consistent and passionate about the stability of the state even as he remains committed to the service of his constituents, the group noted that Hon Dajoh’s leadership model has earned more supporters for the governor and brought stability to the administration” we stand here to commend your efforts to encourage you to continue in your support and solidarity with the governor” the statement added.

The group also specially acknowledged and commended the commitment of the management of Board of Internal Revenue (BIRS) headed by Mr Sunday Odagba to the governor’s vision.The group specifically said it was impressed with the activities of the board having monitored with keen interest the passion and depth of competence so far demonstrated by Mr Sunday Odagba and his team within a short time in office. The group assured the Ag chairman of maximum cooperation to continue on that path for the overall objectives and stability of His Excellency Fr Dr Hyacinth Alia’s administration.

” Not only has the board’s objectives been met under the current leadership, but under Mr Odagba, BIRS has been restored to it’s pride of place in the areas of professionalism, transparency and accountability”

The group acknowledged that Governor Alia is able to deliver dividends of democracy to the people because of his judgement in selecting capable and competent people who understand his vision for the state, attributing BIRS transformation under Mr Odagba as a key indicator of the governor’s foresight.

The group while passing a unanimous vote of confidence on the management of BIRS, called on others who are entrusted with the implementation of the policies of administration to carry on the vision with pride and all seriousness to justify the confidence of the people and the governor in their respective roles and areas of service to the state. Mr Daniel Akor also explained that commendation is inspired by the need to encourage others who mean well for the state to stand by the administration of His Excellency Fr Dr Hyacinth Alia to succeed in the interest of all

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Jailbreak: 12 inmates escape from Kogi prison

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A prison break occurred at the Federal Correctional Centre in Kotonkarfe, Kogi State, in the early hours of Monday, with at least 12 inmates escaping through the facility’s tower.

Unlike past incidents involving armed attacks, this escape reportedly took place without structural damage, raising concerns over possible internal sabotage.

While correctional officials have remained silent, the Kogi State government confirmed the incident and called on the federal government to launch a full investigation.

Government Response and Investigation

Kogi State Commissioner for Information, Kingsley Fanwo, described the escape as “unfortunate” and assured residents that security agencies are working to recapture the fugitives.

“The theory that inmates escaped through the tower without causing any structural damage raises serious concerns. A thorough investigation is needed to determine the exact circumstances, identify potential saboteurs, and arrest the fleeing inmates,” Fanwo stated.

Governor Ahmed Usman Ododo has directed the State Security Adviser to collaborate with federal authorities and security agencies to prevent further breaches. The state government has also pledged logistical and operational support to enhance security measures.

Public Vigilance Urged

Fanwo commended the swift response of security forces and urged residents to report any suspicious activity.

“Anyone found harboring an escaped inmate will be held accountable. While investigations continue, we assure the public that there is no cause for panic,” he said, urging citizens to remain calm as authorities tighten security.

Security agencies are now on high alert, with efforts underway to track down the escaped inmates and prevent future incidents.

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Fubara distances self from militant groups, explosions

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Suspended Rivers State Governor, Siminialayi Fubara, has denied any links to militant groups allegedly threatening the federal government over the ongoing political crisis in the state.

In a statement signed by his Chief Press Secretary, Nelson Chukwudi, and released in Port Harcourt on Monday, Fubara expressed concern over attempts to associate him with such groups. He dismissed reports of attacks on oil facilities, stating that affected communities had refuted claims of explosions.

“Virtually all the fake videos have been linked to alleged militant groups in the state, with the creators of such content trying very hard to connect them to supporters of Governor Siminalayi Fubara,” the statement read.

Fubara reaffirmed his commitment to peace and security, emphasizing that he has no affiliations with any criminal groups. He stressed that governance and development can only thrive in a peaceful environment.

The governor also issued a stern warning against attacks on government infrastructure, urging criminals to stay away from the state. He cautioned bloggers and social media influencers against spreading misinformation that could incite violence.

Fubara called on security agencies to investigate the source of misleading videos and ensure those responsible are held accountable.

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