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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 Lifts Restrictions On Visa Validity For Ghanaians, Leaves Nigeria’s Unchanged

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The United States has restored the maximum validity periods for all categories of nonimmigrant visas for Ghanaian nationals following Ghana’s agreement to accept West African deportees, but similar restrictions for Nigerians remain in place.

The B1/B2 visitor visa is now valid for up to five years, with multiple entries allowed, while the F1 student visa’s maximum validity has been restored to four years, with multiple entries permitted.

“The U.S. Embassy is pleased to announce that the maximum validity periods for all categories of nonimmigrant visas for Ghanaians have been restored to their previous lengths. The maximum validity allowed for the B1/B2 visitor visa is again five years, multiple entry. The maximum validity for the F1 student visa is again four years, multiple entry,” the U.S. Embassy announced in a tweet on Saturday.”

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Ghana’s Foreign Minister, Samuel Ablakwa, also announced in a tweet that the new policy now allows citizens to apply for five-year multiple-entry visas.

READ ALSO:Japan Scraps ‘Africa Hometown’ Project After Visa Confusion

Ablakwa also stated that the reversal of the restriction comes with other enhanced consular privileges, adding that the development was the result of months of diplomatic engagement.

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The U.S. visa restriction imposed on Ghana has been reversed. Ghanaians can now be eligible for five-year multiple-entry visas and other enhanced consular privileges,” Ablakwa stated.

This good news was directly communicated to me by U.S. Under Secretary of State for Political Affairs, Allison Hooker, at a bilateral meeting earlier today, in the margins of the UN General Assembly. I am really pleased that months of high-level diplomatic negotiations have led to a successful outcome.”

These changes reverse earlier restrictions imposed under the Trump administration, which had limited most visas to single-entry and a three-month validity period.

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READ ALSO:H-1B Visas: Trump To Impose $100,000 Annual Fee For Skilled Foreign Workers

The restrictions affected several African countries, including Ghana and Nigeria, and were based on concerns over visa reciprocity and the acceptance of deported migrants.

In July, the U.S. Consulate in Nigeria announced updates to its reciprocal nonimmigrant visa policy, stating: “The United States Department of State has announced updates to its reciprocal non-immigrant visa policy, impacting several countries, including Nigeria. Effective immediately, most non-immigrant and non-diplomatic visas issued to citizens of Nigeria will be single-entry visas with a three-month validity period.

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“Those U.S. non-immigrant visas issued prior to July 8, 2025, will retain their status and validity. We wish to underscore that, as is standard globally, visa reciprocity is a continuous process and is subject to review and change at any time, such as increasing or decreasing permitted entries and duration of validity. You can view the latest information on visa reciprocity schedules for all countries at travel.state.gov.”

Reports indicate that the U.S. pressured some African nations to accept deported migrants, including Venezuelan detainees from U.S. prisons.

READ ALSO:US Defends New Social Media Vetting For Nigerian Visa Applicants

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Nigerian Foreign Minister Yusuf Tuggar rejected these pressures, stating that Nigeria would not serve as a “dumping ground” for deportees.

It would be difficult for countries like Nigeria to accept Venezuelan prisoners into Nigeria,” Tuggar said during a televised interview.

We have enough problems of our own; we cannot accept Venezuelan deportees to Nigeria. We already have 230 million people.”

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Meanwhile, Ghanaian President John Mahama confirmed that Ghana had begun accepting deported West African nationals after U.S. requests.

We were approached by the U.S. to accept third-party nationals who were being removed from the U.S., and we agreed with them that West African nationals were acceptable,” Mahama said.

All our fellow West African nationals don’t need visas to come to our country.”

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UK Nursery Worker Jailed For Abusing 21 Babies

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A judge on Friday jailed a nursery worker for eight years for a string of “gratuitous” and “sadistic” attacks on babies.

In one incident, Londoner Roksana Lecka, 22, kicked a little boy in the face several times.

Lecka, who blamed cannabis for her crimes, admitted seven counts of cruelty to a person under the age of 16 and was convicted after a trial of another 14 counts.

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Sentencing her for attacks on 21 babies, Judge Sarah Plaschkes said she had committed “multiple acts of gratuitous violence” at two London nurseries where she worked.

You pinched, slapped, punched, smacked and kicked them. You pulled their ears, hair and their toes. You toppled children headfirst into cots,” she said.

READ ALSO:UK Set To Announce Recognition Of Palestinian State

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“Often the child would be quietly and happily minding its own business before you deliberately inflicted pain… Your criminal conduct can properly be characterised as sadistic,” she added.

Lecka’s cruelty was revealed in June 2024 after she was seen pinching a number of children.
Police were called in and found multiple incidents recorded on the nursery CCTV.

Victim impact statements submitted to London’s Kingston Crown Court from parents of Lecka’s victims told how they were left heartbroken and guilt-stricken by the attacks.

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These children were so innocent and vulnerable,” one mother told the court.

READ ALSO:Kenya Court Seeks UK Citizen’s Arrest Over Mother’s Murder

“They couldn’t speak, they couldn’t defend themselves and they couldn’t tell us as parents that something had happened to them,” she added.

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They were totally helpless and Roksana preyed upon them.”

The hearing was told that she had apologised to the parents in a letter to the court in which she said cannabis had turned her into a different person.

She had been addicted to the drug around the time of the offences, but had not told the nursery.
She was found not guilty of three further counts of child cruelty.

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Italy Fines Six Oil Firms $1bn Fine For Restricting Competition

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Italy’s antitrust regulator said Friday it has slapped Italian energy giant Eni and five other companies with fines totalling more than 936 million euros ($1.1 billion) for “restricting competition” in the sale of fuel.

The authority said in a statement that Eni, Esso, Ip, Q8, Saras and Tamoil “coordinated to set the value of the bio component factored into fuel prices”, which tripled between 2019 and 2023.

READ ALSO:PICTORIAL: NDLEA Intercepts Cocaine, Opioid Shipments Meant For US, Saudi Arabia, Italy, Poland

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A probe following a whistleblower’s complaint revealed that “the companies implemented parallel price increases — largely coinciding — which were driven by direct or indirect information exchanges among them”, the authority said.

“The cartel began on 1 January 2020 and continued until 30 June 2023,” it added.

AFP

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