The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N 1.424 trillion to federal, state and local governments. The total amount is derived from the federation account revenue generated in December 2024. The disbursement, which was made at the January 2025 FAAC meeting held in Abuja on Friday comprising distributable statutory revenue of N386.124 billion, distributable Value Added Tax (VAT) revenue of N604.872 billion, Electronic Money Transfer…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has identified public sector corruption as Nigeria’s most significant challenge, with procurement and contract fraud accounting for 90 per cent of the country’s corruption cases. Olukoyede made this known during a meeting with the management team of the Bureau of Public Procurement (BPP), led by its Director-General, Adebowale Adedokun, at the Commission’s headquarters yesterday.   “In the EFCC, we…

A suspected attack by internet fraudsters, commonly referred to as Yahoo boys, has resulted in the death of an Economic and Financial Crimes Commission (EFCC) officer and left another critically injured in Onitsha, Anambra State. According to reports, the tragic incident occurred on Friday morning when EFCC operatives from the Enugu zonal headquarters attempted to apprehend a group of cybercrime suspects. The deceased officer, an assistant superintendent who had recently…

The Brazilian government has confirmed Nigeria’s inclusion as a partner country in the BRICS bloc. This development was announced in a statement released by Brazil’s Ministry of Foreign Affairs on Friday.   According to the statement, Brazil emphasised the shared objectives between BRICS and Nigeria, particularly in promoting collaboration among Global South nations and advocating for reforms in international institutions. “Nigeria, with the sixth-largest population in the world and the largest…

Chairman of Enugu East Local Government Area of Enugu State, Beloved Dan-Anike said he has paid West African Examination Council (WAEC) registration fees for 1,759 students in public schools in the council as part of activities to mark his 100 days in office. The council boss also said the gesture was part of his bid to give back to the society that voted him into power. Dan-Anike spoke in a…

Owing to the prevailing hardship in the country, the Federal Government has unveiled the Youth Farmers Enrollment Portal strategic initiative designed to address the growing challenges of unemployment and food insecurity across Nigeria. Disclosing the development on Friday, the Minister of Youth Development, Ayodele Olawande, in a statement by Director, Information & Public Relations, Omolara Esan said the initiative is importance in creating economic opportunities for young Nigerians and strengthening…

A Federal High Court in Lagos has prohibited the Federal Road Safety Corps (FRSC) from arresting motorists or imposing penalties on drivers for using vehicles with faded number plates. Delivering judgment yesterday, Justice Akintayo Aluko ruled that the FRSC lacks the authority to criminalize the use of faded number plates or penalize drivers without a valid court order.  The decision was made in response to a suit filed by legal…

Operatives of the Economic and Financial Crimes Commission (EFCC), Benin Zonal Directorate have uncovered a cybercrime training centre in Benin City, Edo State, leading to the arrest of 25 suspected internet fraudsters. EFCC’s spokesman, Dele Oyewale in a statement on Friday said the raid, conducted on Thursday, January 16, 2025, followed a tip-off that revealed the apartment was being used as a “Yahoo Academy” — a hub where individuals were…

At any moment now, Reno Omokri, a former Special Assistant on New Media to then-President Goodluck Jonathan, may become a prison inmate as the Police have obtained a ”Remand Order, Launch Search For Reno Omokri Over Alleged Defamation Of Dunamis Church Pastor, Paul Enenche.” With this, the police are looking for Omokri, the political commentator with the most followers on X (formerly Twitter) in Africa. The Police secured the order…

Following the hike in the cost of Premium Motor Spirit (PMS), also known as petrol by the Dangote Petroleum Refinery and various depot owners, the pump prices of the commodity have risen to between N1,050 and N1,150/litre at different areas of the country. Oil marketers have before now predicted the continued rise in petrol prices as long as the major component in fuel production, crude oil, continue to be on…

President Bola Tinubu has agreed to support the creation of Ijebu State after a high-level meeting with the Awujale of Ijebuland, Oba Sikiru Kayode Adetona, at his Lagos residence on January 5, 2025, sources have said. The meeting addressed the long-standing demand for Ijebu State to be carved out of Ogun State, a proposal that has been under consideration for decades. The Awujale emphasized the historical significance of Ijebu as…

The Kwara State Government has assured residents of its unwavering commitment to ensuring access to potable water and improved sanitation across the state. This was disclosed during an Inter-Ministerial Press Briefing held at the Ministry of Finance Conference Room, where the Commissioner for Water Resources, Usman Lade, provided updates on the government’s ongoing projects and initiatives.   Lade revealed significant progress in the rehabilitation and upgrading of waterworks across the state. …