Headline
FAAC Shares N907b To FG, States, LGs
Published
2 years agoon
By
Editor
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.
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.
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.
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.
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
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.
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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Prime Minister Keir Starmer has announced a major cabinet reshuffle following the resignation of Deputy Prime Minister Angela Rayner, in a move that could reshape the direction of his administration.
As part of the shake-up, David Lammy, a senior Labour figure and former Foreign Secretary, has been appointed Deputy Prime Minister and Justice Secretary, taking over key roles previously held by Rayner.
The cabinet reshuffle comes at a politically sensitive time for Prime Minister Keir Starmer, whose leadership is under growing pressure from both within the Labour Party and the broader electorate.
The sudden resignation of Angela Rayner, a high-profile figure with strong working-class support, has exposed internal tensions and sparked concerns over the party’s unity and electoral strategy.
According to BBC News on Friday, the reshuffle is seen as a crucial test for Starmer’s leadership, especially as Rayner had been a prominent and working-class figure whose departure may weaken his appeal to core Labour voters.
READ ALSO:UK PM Starmer Urges Israel To Stop Gaza Assault
Key Cabinet reassignment
-Lammy transitions from Foreign Secretary to Deputy PM and Justice Secretary.
-Yvette Cooper moves from Home Secretary to Foreign Secretary.
-Shabana Mahmood is promoted from Justice Secretary to Home Secretary.
Other notable appointments include:
-Steve Reed as Housing Secretary
-Pat McFadden as head of a newly expanded Work and Pensions department
-Douglas Alexander as Scotland Secretary
-Liz Kendall moves to Science and Technology
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-Emma Reynolds becomes Environment Secretary
-Peter Kyle appointed Business Secretary
-Jonathan Reynolds named Chief Whip
-Alan Campbell becomes Leader of the House of Commons
Meanwhile, Lucy Powell and Ian Murray were removed from their cabinet roles.
Political Fallout and Internal Tensions
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Labour now faces mounting political pressure. Observers note Rayner’s exit leaves a vacuum for constituents drawn to her working-class credentials, possibly intensifying internal party divisions.
Her resignation also triggers a deputy leadership contest, opening up a battleground between the party’s centrist and left-leaning factions.
Moreover, Labour’s popularity has waned, with opposition to policies on welfare and immigration increasing support for Reform UK.
Starmer’s government’s handling of economic pressures and an upcoming £40 billion budget shortfall deepen the political stakes.
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Lammy Steps into Key Role at a Crucial Juncture
Lammy’s appointment is viewed as strategically significant. Known for his reform credentials and advocacy for criminal justice reform, his new position comes as Parliament prepares for the Sentencing Bill.
The Prison Reform Trust welcomed his appointment, noting the timing offers “an important opportunity to move away from the failed cycle of overcrowding and crisis management.”
This reshuffle represents a pivotal moment in the evolution of Keir Starmer’s administration. With Labour under heightened scrutiny and internal frictions rising, the effectiveness of the newly configured cabinet will be a litmus test of Starmer’s leadership, particularly as the party approaches a difficult budget season, rising populist pressures, and internal power shifts ahead of the next deputy leadership election.
Headline
Nigerian Arrested In Poland For Using Fake Residence Permit
Published
5 hours agoon
September 5, 2025By
Editor
Polish authorities have confirmed the arrest of a 26-year-old Nigerian citizen on charges of using a counterfeit residence document.
The individual was detained by the Polish Border Guard, known as Straż Graniczna, as part of ongoing efforts to combat irregular migration and document forgery.
This information, which was obtained by PUNCH Online on Friday, was published on the Border Guard Headquarters’ news outlet on Thursday, September 4, 2025.
The BG HQs of Poland is the central unit which services the Border Guard Commander in Chief by supporting and coordinating actions of the BG units.
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The report indicated that, “the Nigerian man admitted that he ordered the document online while still in the UK, received it by post, and paid €2,000 for it.
“It turned out that the Nigerian had no legal basis for staying in Poland as he had been in the country illegally for four days.”
Consequently, the Commander of the Border Guard ordered him to leave the country within 20 days and imposed a three-year ban on entry to the Schengen Area.
In addition, he was charged under Article 270 § 1 of the Penal Code – for using a counterfeit document.
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The man pleaded guilty and voluntarily submitted to the penalty, but declined to provide further explanation.
According to sources specialising in immigration law, many individuals who use these fake documents are victims of elaborate scams.
As one legal expert noted in a report, “Until the situation was clarified, Ibrahim was detained in prison.”
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Law enforcement agencies across Poland have been actively working to dismantle these criminal networks.
A recent, large-scale operation supported by Europol led to the arrest of dozens of suspects and the seizure of thousands of counterfeit documents, including residence permits, visas, and other identification.
Headline
US To Cut Military Aid To European Countries Near Russia — Official
Published
6 hours agoon
September 5, 2025By
Editor
The United States is to end long-running military assistance for European countries close to Russia, as it pushes the continent to play a greater role in its own defence, an official in one of the countries confirmed on Friday.
“Last week, the US Defense Department informed the countries that, starting from its next financial period, funding will be reduced to zero,” the defence policy director in Lithuania’s defence ministry, Vaidotas Urbelis, told reporters.
The decision comes as US President Donald Trump struggles to end Moscow’s three-and-a-half-year invasion of Ukraine.
Urbelis confirmed reports in The Washington Post and The Financial Times, citing unnamed officials saying the move was part of Trump’s efforts to cut US expenditure abroad.
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The FT said US officials had told European diplomats last week that Washington would no longer fund programmes to train and equip eastern European militaries along Russia’s border.
The Washington Post said the funding to be cut was worth several hundred million dollars.
In Lithuania’s case, the cuts would impact “the purchase of US weapons and other equipment, and training”, Urbelis said.
He added that it “will not have an impact on the US troop presence in the region”, which was funded through a separate US budget allocation.
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A White House official said the move hewed to a January executive order Trump had signed that reevaluated US foreign aid.
“This action has been coordinated with European countries in line with the executive order and the president’s longstanding emphasis on ensuring Europe takes more responsibility for its own defence,” the official said on condition of anonymity.
Trump has long been sceptical of both US defence spending in Europe and aid for Ukraine, pushing some of Washington’s closest allies to play a greater role on both fronts.
The Lithuanian defence ministry official said that the US funding for training and equipping its military covered between a third and 80 percent of total military aid received by the country.
Estonia’s Defence Minister Hanno Pevkur told the Postimees daily that he viewed the US move as “especially symbolic, in a negative way.
AFP
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