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FAAC Shares N907b To FG, States, LGs

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The Federation Account Allocation Committee (FAAC), last night, shared the sum of N907.054 billion to the federal, state and local governments.

Mr Bawa Mokwa, Director (Press and Public Relations) of the Office of the Accountant General of the Federation (OAGF) in a statement said that the sum was from revenues that accrued to the Federation Account and proceeds of Value Added Tax in the month of June.

Last night’s meeting was chaired by the Accountant General of the Federation, Dr Oluwatoyin Madein.

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A communique issued at the end of the meeting showed that the expected massive distributable funds following the petrol subsidy removal did not materialise.

READ ALSO: FEC Okays N129.8bn For Further Remediation Work On Ogoni Cleanup, Water Scheme

The average FAAC monthly distribution has been in the region of N700 billion and many Nigerians expected a huge increase in the monthly distribution after the petrol subsidy removal.

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The N907.054 billion total distributable revenue comprised distributable statutory revenue of N301.501 billion, distributable Value Added Tax (VAT) revenue of N273.225 billion, Electronic Money Transfer Levy (EMTL) revenue of N11.436 billion and Exchange Difference revenue of N320.892 billion.

In June 2023, the total deductions for the cost of the collection were N73.235 billion and the total deductions for savings, transfers and refunds were N979.078 billion.

The balance in the Excess Crude Account (ECA) was $473,754.57.

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READ ALSO: FEC Approves N392.786bn For Ministry Of Works, Customs Others

Out of the N907.054 billion; the Federal Government received N345.564 billion, the State Government received N295.948 billion and the Local Government Councils received N218.064 billion. A total sum of N47.478 billion was shared to the relevant States as 13% derivation revenue.

Gross statutory revenue of N1,152.921 billion was received for the month of June 2023. This was higher than the sum of N701.787 billion received in the previous month by N451.134 billion.

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From the N301.501 billion distributable statutory revenue, the Federal Government received N146.710 billion, the State Governments received N74.413 billion and the Local Government Councils received N57.370 billion.

The sum of N23.008 billion was shared to the relevant States as 13% derivation revenue.

READ ALSO: Naira Scarcity May Affect Private Business In Q1 – Report

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For the month of June 2023, the gross revenue available from the Value Added Tax (VAT) was N293.411 billion. This was higher than the N270.197 billion available in the month of May 2023 by N23.214 billion.

The Federal Government received N40.984 billion, the State Governments received N136.613 billion and the Local Government Councils received N95.629 billion from the N273.225 billion distributable Value Added Tax (VAT) revenue.

The N11.436 billion Electronic Money Transfer Levy (EMTL) was shared as follows: the Federal Government received N1.715 billion, the State Governments received N5.718 billion and the Local Government Councils received N4.003 billion.

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From the N320.892 billion Exchange Difference revenue, the Federal Government received N156.155 billion, the State Governments received N79.204 billion, the Local Government Councils received N61.063 billion and the sum of N24.470 billion was shared to the relevant States as 13 percent mineral revenue.

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US: Four Killed, 10 Others Wounded In California Shooting

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Four people were confirmed dead and 10 others injured after a shooting at a family gathering in California, United States on Saturday night, according to US police, who described the attack as a “targeted incident.”

The incident occurred inside a banquet hall in Stockton, northeast of San Francisco, shortly before 6:00 pm, spokesperson for the San Joaquin County Sheriff’s Office, Heather Brent, told reporters during a news briefing.

Brent said the victims, ranging from “juveniles to adults,” were rushed to nearby hospitals, noting that details about the shooting remained limited.

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READ ALSO:FULL LIST: US To Review Green Cards From 19 ‘Countries Of Concern’ After Washington Shooting

“What we have confirmed at this time is that there was a banquet hall where a family was celebrating. We have 14 victims of this shooting. Four of those are deceased,” Brent said.

“Early indications suggest that this may be a targeted incident. Investigators are exploring all possibilities at this time.”

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The sheriff’s office posted on social media that detectives were “working to determine the circumstances leading up to this tragedy.”

READ ALSO:Police Begin Trial Of Officer In Fatal Shooting Of Enugu Musician

“We are urging anyone with information, video footage, or who may have witnessed any part of this incident to contact the San Joaquin County Sheriff’s Office immediately,” the post added.

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Authorities said no suspect had been identified at the time of the report.

California Governor Gavin Newsom was briefed on the development, his office said in a social media statement.

Data from the Gun Violence Archive shows there have been 504 mass shootings in the United States so far this year, including the Stockton attack.

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(AFP)

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FULL LIST: US To Review Green Cards From 19 ‘Countries Of Concern’ After Washington Shooting

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The Trump administration announced on Thursday that it will review the immigration status of all permanent residents, or “Green Card” holders, from Afghanistan and 18 other countries following the attack on National Guard troops in Washington, D.C.

U.S. officials identified the suspect in Wednesday’s shooting as a 29-year-old Afghan national who previously worked alongside American forces in Afghanistan.

The individual was granted asylum earlier this year, not permanent residency, according to AfghanEvac, an organisation that assists Afghans resettled in the United States after the Taliban takeover in 2021.

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I have directed a full-scale, rigorous reexamination of every Green Card for every alien from every country of concern,” said Joseph Edlow, director of U.S. Citizenship and Immigration Services (USCIS), on X.

READ ALSO:FG To Unveil Digital Single Travel Emergency Passport January

The review follows a June executive order from President Trump classifying 19 countries as “of Identified Concern.”

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The order banned entry for nearly all nationals from 12 countries, including Afghanistan. The full list of these countries is:

Afghanistan

Myanmar

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Chad

Congo-Brazzaville

Equatorial Guinea

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Eritrea

Haiti

READ ALSO:Coup: ECOWAS Suspends Guinea-Bissau

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Iran

Libya

Somalia

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Sudan

Yemen

A partial travel ban applies to seven additional countries, though some temporary work visas remain allowed: Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela.

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Romanian Defence Minister Quits After Admitting Error In Academic Record

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Romania’s defence minister resigned on Friday after saying he made a “mistake” on his CV about his university education, as controversy swirled over alleged lies on his resume.

Ionut Mosteanu – who has admitted to writing on his CV that he graduated from a university he never attended – said he did not want the row “to distract” the NATO member at a time when it and Europe are “under attack from Russia”.

Romania has repeatedly seen drone fragments fall on its soil since Russia invaded Ukraine in 2022, and reported a number of drone incursions.

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On Tuesday, a drone crashed in eastern Romania, which borders Ukraine.

READ ALSO:Ukraine: 122,000 Nigerians, Others Protest Discrimination At Romanian, Hungarian, Polish Borders

Romania has also accused Moscow of “hybrid attacks”, including meddling in presidential elections last year that were subsequently annulled.

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Today, I resigned from my position as minister of national defence,” Mosteanu said in a Facebook post, adding he wanted the country to be focused on its “difficult mission”.

“Romania and Europe are under attack from Russia. Our national security must be defended at all costs,” he added.

Mosteanu had come under pressure after a media investigation published on Thursday revealed that he wrote in a CV that he graduated from a university which he did not actually attend.

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That same day he apologised for what he called “a mistake”.

“In a CV I quickly put together in 2016 using a template I found online, there is a mistake that I admit embarrasses me. I didn’t pay much attention to these details at the time,” he said on Facebook.

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Mosteanu was appointed defence minister in June of this year, when a new pro-European government was formed after months of political turmoil.

Prime Minister Ilie Bolojan said in a press release that he would propose economy and tourism minister Radu Miruta take over the defence portfolio in the interim.

AFP

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