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FG, States, LGAs Shared N305bn In May

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Kemi-AdeosunThe revenue accruing to the federal, states and local governments for sharing in the month of May, saw an increase by N23.628 bn.
The amount shared among the three tiers of government on Wednesday was N305.128bn as against the N281.500bn shared in April.

Minister of Finance, Kemi Adeosun, who addressed journalists at the end of the Federation Account Allocation Committee (FAAC) meeting yesterday in Abuja, also said the gross statutory revenue of N234.466bn received for the month was higher than the N213.817bn received in the previous month by N23.649bn.

Mrs. Adeosun, however, noted that crude oil production and export dropped by 2.3 million barrels in February as a result of the force majeure declared at Forcados terminal, shut-in and shut-down of pipelines at other terminals for repairs and maintenance.

“As a result, federation export revenue declined by $57.88m even though the average price of crude oil increased from $29.02 in January, 2016 to $32.26”, she said.

The minister further said the companies’ income tax (CIT) recorded a marginal increase even as the time for companies to file their returns was yet to fall due.

There was however, a decrease by N.143billion in the gross revenue accruable from the Value Added Tax (VAT) which was N65.11billion for the month of May as against N65.259bn distributed in the preceding month.

“The distributable statutory revenue for the month is N2.546bn. The sum of N6.330bn was refunded by NNPC to FGN. Also, there is exchange gain of N2.546bn which is proposed for distribution. The total revenue distributable for the month of May, 2016 in, causing VAT is N305.128 billion”, she said.

Also, N16.738bn was shared among the oil producing states in May, Adeosun added.

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

Bello Matawalle

Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.

According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.

Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.

The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.

Also Read: Nigeria still needs SARS, Zamfara gov, Matawalle insists

He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.

Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.

 

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Police Confirm Abduction Of Nasarawa APC Chairman

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Police Confirm Abduction Of Nasarawa APC Chairman

Police

The Chairman of the All Progressives Congress (APC) in Nasarawa State, Philip Shekwor, has been kidnapped by unknown gunmen.

According to reports, Shekwor was abducted on Saturday night at his residence along Dunamis church, Bukan Sidi in Lafia.

Also Read: Gunmen Attack Police Station In Ibadan; Kill Police Corporal

Confirming the incident, Police Commissioner Bola Longe said the unidentified gunmen in large number stormed the residence of the APC chairman in Lafia around 11 pm and took him away to an unknown destination.

According to him, security agencies had reacted swiftly by deploying personnel to different forest locations to ensure the safe release of the APC chieftain.

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