News
JUST IN: FG, States, LGs Share N1.088trn November Allocation

The Federation Account Allocation Committee has shared the sum of N1.088 trillion to the Federal Government, States and Local Government Councils.
A communique issued at the end of the FAAC, in Abuja, on Friday, indicated that the allocation came from November 2023 Federation Account revenue.
The N1.088 trillion distributable revenue comprised a distributable statutory revenue of N376.306 billion, distributable Value Added Tax revenue of N335.656 billion, Electronic Money Transfer Levy revenue of N11.952 billion and Exchange Difference revenue of N364.869 billion.
According to the communique, a total revenue of N1.620 trillion was earned in November 2023.
READ ALSO: FAAC Shares N1.100 Trillion To FG , States, LGs
Out of the gross revenue, deductions for the cost of collection was N60.960 billion; while total transfers, interventions and refunds stood at N470.592 billion.
Gross Statutory revenue of N882.560 billion was received for November 2023.
A statement signed by the Director, Press and Public Relations, Bawa Mokwa, said this amount was higher than the N660.090 billion received in October 2023 by N222.470 billion.
The gross revenue available from the Value Added Tax in November 2023 was N360.455 billion.
It was also higher than the N347.343 billion available in October 2023 by N13.112 billion.
READ ALSO: JUST IN: Tinubu Sacks Aviation Directors Hours After CEOs’ Removal
The communique indicated that from the N1.088 trillion total distributable revenue, the Federal Government received a total of N402.867 billion, the State Governments received N351.697 billion, while the Local Government Councils received N258.810 billion.
A total sum of N75.410 billion (13 per cent of mineral revenue) was shared with the benefiting oil-producing states as derivation revenue.
“From the N376.306 billion distributable statutory revenue, the Federal Government received N174.908 billion, the State Governments received N88.716 billion and the Local Government Councils received N68.396 billion.
“The sum of N44.286 billion (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.
READ ALSO: Nigerians Are Free To Video, Photograph Officers On Duty – Police
“The Federal Government received N50.348 billion out of the N335. 656 billion distributable VAT. “State Governments received N167. 828 billion, while the Local Government Councils received N117.480 billion.
“The N11.952 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N1.793 billion, the State Governments received N5.976 billion and the Local Government Councils received N4.183 billion.”
The statement stated that the Federal Government received N175.817 billion from the N364.869 billion Exchange Difference revenue.
While State Governments received N89.177 billion, and Local Government Councils received N68.751 billion.
“The sum of N31.124 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue. The balance in the ECA was $473,754.57,” it added.
News
BREAKING: Court Sentences Nnamdi Kanu To Life Imprisonment For Terrorism

Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has been sentenced to life imprisonment by a Federal High Court in Abuja after being convicted on all seven counts of terrorism filed against him.
Justice James Omotosho, delivering judgment in Kanu’s trial, described him as a terrorist whose actions have led to bloodshed and destabilization in the South-East.
He said Kanu, who portrayed himself as a defender of his people, has instead endangered lives and national security.
READ ALSO:JUST IN: Nigerian Govt Demands Death Sentence On Nnamdi Kanu
“The court finds that the defendant, Nnamdi Kanu, is an international terrorist and must be treated accordingly,” Justice Omotosho declared.
The judge emphasized that the prosecution presented credible and sufficient evidence to prove the case against Kanu. He also noted that Kanu failed to enter a defense, choosing instead to rest his case on the prosecution’s evidence.
Justice Omotosho is still delivering the remaining part of the judgment.
News
JUST IN: Nigerian Govt Demands Death Sentence On Nnamdi Kanu

The Nigerian government has demanded the imposition of death sentence on Nnamdi Kanu following his conviction on terrorism charges.
Counsel to the Federal Government, Adegboyega Awomolo, SAN, informed the court that the sections of the law under which Kanu was charged and convicted carried death sentence without any option.
Addressing the court after the pronouncement, the senior lawyer said the court has no discretion to exercise than to impose maximum punishment on him in line with the dictates of the law.
READ ALSO:BREAKING: Judge Orders Kanu Out Of Court Over ‘Unruly’ Conduct
Awomolo held that Kanu throughout the trial did not show remorse for the offences he committed against the Federal Republic of Nigeria but chose to be militant, arrogant and unruly in his attitude.
He also demanded that all properties seized from Kanu be forfeited to the Federal Government.
The prosecution counsel equally demanded that Kanu be taken to prison where his security will be guaranteed till when the judgment against him would be executed.
News
JUST IN: Nigerian Separatist Leader Convicted On Terrorism Charges

A court in Nigeria has found separatist leader Nnamdi Kanu guilty of terrorism 10 years after he was first arrested.
The court said it was satisfied that Kanu had made a series of broadcasts to incite violence and killings, as part of his campaign for a separate state in south-east Nigeria, known as Biafra.
Kanu has so far been convicted on six of the seven charges he faced, with the judge continuing to deliver his ruling.
A relatively obscure figure, Kanu’s popularity surged in 2009 when he started Radio Biafra, a station that called for an independent state for the Igbo people broadcast to Nigeria from London.
READ ALSO:JUST IN: Court Rules Judgment In Kanu’s Terrorism Trial
Though he grew up in south-eastern Nigeria, where he attended the University of Nsukka, Kanu moved to the UK before graduating and acquired British nationality.
In 2014, he set up the Indigenous People Of Biafra (Ipob), a movement demanding independence.
Ipob was banned as a terrorist organisation in 2017. Its armed wing – the Eastern Security Network – has been accused of killings and other acts of violence in recent years.
Delivering his judgement, Judge James Omotosho said: “Mr Kanu knew what he was doing, he was bent on carrying out these threats without consideration to his own people.
READ ALSO:BREAKING: Judge Orders Kanu Out Of Court Over ‘Unruly’ Conduct
“From the incontroverted evidence, it is clear that the defendant carried out preparatory act of terrorism.
“He had the duty to explain himself but failed to do so.”
Ahead of the verdict, Kanu insisted that proceedings could not continue because he had not yet filed his final written address, accusing the judge of bias and not understanding the law.
READ ALSO:Court Threatens To Foreclose Kanu If He Fails To Open Defence
The verdict was delivered after Kanu had been forcibly removed from the courtroom for unruly behaviour.
He was first arrested in October 2015 but he jumped bail in 2017 and left the country after a military raid on his home. The court later revoked his bail in March 2019 and he was re-arrested in 2021 in Kenya.
The calls for Biafran independence date back many years.
In 1967 Igbo leaders declared a Biafran state, but after a brutal civil war, which led to the deaths of up to a million people, the secessionist rebellion was defeated.
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