Beloved John (Staff Writer), Author at

Economy NewsHouse of Reps Opposes Customs’ N1.3trn Revenue Projection for 2022

Beloved John (Staff Writer)August 25, 2021

ABUJA — Citing the devaluation of naira as a crucial factor, the House of Reps Committee on finance rejected the N1.33 trillion revenue projected by the Nigerian Customs Service (NCS) for the 2022 financial year. According to the Lawmakers, the projection is inadequate especially considering the devaluation of the country’s currency. James Faleke, chairman of the committee, declared that the committee will not be accepting the N1.33 trillion revenue projected by the NCS. “For us...

NewsFG is Committed to Reviewing Revenue Sharing Formula – RMAFC

Beloved John (Staff Writer)August 23, 2021

DAMATURU, (YOBE STATE) — The Revenue Mobilisation and Fiscal Allocation Commission (RMFAC) says it is committed to reviewing the country’s revenue sharing formula. The commissioner for RMFAC, Modu Aji, disclosed this during an interactive session with officials of Yobe state government, in Damaturu, the state capital, on Friday. The commission had begun the review of the revenue allocation formula in June. The commissioner noted that RMFAC is mandated to interact with the state’s stakeholders to...

Economy Money NewsFAAC Allocates N760.7 Billion to FG, States, LGs for July

Beloved John (Staff Writer)August 22, 2021

ABUJA — A sum of N760.717 billion has been shared by the Federal Accounts Allocation Committee (FAAC) as the federation allocation for the month of July. Of the sum shared, N325.988 billion was allocated to the federal government, the states received N224.929 billion while the Local Government Councils got N168.424 billion. The total amount shared was inclusive of Value Added Tax (VAT) and Exchange Gain. The development was contained in a statement by Oshundun Olajide,...

Crime & Security PoliticsEFCC Releases Former Abia Governor on Bail

Beloved John (Staff Writer)August 21, 2021

ABUJA — A former governor arrested by the Economic and Financial Crimes Commission, (EFCC), on Thursday has been released on bail after a lengthy interrogation. Theodore Orji was granted administrative bail at about 9 pm that Thursday after facing hours of interrogation at the EFCC headquarters in Abuja. The former Abia governor was arrested by the operatives of the anti-graft agency at the Nnamdi International Airport for allegedly refusing to abide by the bail conditions...

Business NewsCBN Direct Banks to Block Accounts of 18 Firms

Beloved John (Staff Writer)August 20, 2021

ABUJA — The Central Bank Of Nigeria (CBN) has directed banks to forthwith place a post-no-debit on the bank accounts of 18 companies. The instruction from the apex bank was issued on Thursday in a circular signed by Haruna B. Mustapha, director of banking supervision. A post-no-debit (PND) is a restriction on bank account which blocks all debit transactions including the use of automated teller machines (ATMs) and cheques. However, money can be deposited into...

Crime & SecurityMilitary Task Force Bans Shi’ites Planned Protest in Jos

Beloved John (Staff Writer)August 20, 2021

JOS — In the wake of Nigeria’s worsening security situation, the Islamic Movement in Nigeria (IMN) planned protest will not be allowed to hold in Jos according to the special task force in the state. The federal troops tagged Operation Safe Haven warned members of the Ibraheem EL-Zakzaky led movement to suspend its nationwide protest which was scheduled for Friday. The warning was issued in a statement issued by Ishaku Takwa, the information officer of...

National Security‘Prosecute Repentant Insurgents or Free all Arrested Persons’ — Arewa Forum

Beloved John (Staff Writer)August 18, 20211

A political and cultural group of northern leaders, Arewa Consultative Forum (ACF), has asked the federal government to prosecute repentant insurgents or free all w2 criminals. The group condemned the rationale behind letting off repentant insurgents who have caused the death and displacement of several citizens. The Nigerian Army took custody of over 100 apologetic insurgents who surrendered to troops within the past few weeks. Some of the Boko Haram leaders who surrendered had also...

Crime & Security NewsFour Dead, 15 Students Abducted as Bandits Storm Zamfara College

Beloved John (Staff Writer)August 17, 2021

Armed bandits have again stormed a college in Zamfara state, abducting 15 students and four staff members. Two security guards and a police official were killed during the attack. An unspecified number of bandits had invaded the College of Agriculture and Animal Science in Bakura LGA of the state at 10 am on Sunday, causing tension and panic in the area. The Deputy Registrar of the college, Aliyu Atiku confirmed the incident to BBC Hausa...

Politics World NewsAfghan President Says He Fled to Prevent Bloodshed

Beloved John (Staff Writer)August 16, 2021

Panic gripped Kabul on Sunday after the Taliban swept into the city and took over the abandoned presidential palace. The Afghan government has collapsed and the embattled president, Ashraf Ghani fled abroad with an exodus of his fellow citizens and foreigners. President Ashraf Ghani flew out of the country on Sunday afternoon as the insurgents closed in. The unfolding event signals the end of a two-decade-long U.S. and NATO campaign to restructure the country. Ghani...

News World NewsCommercial Flights Cancelled as Chaos Continues to Unfold in Kabul Airport

Beloved John (Staff Writer)August 16, 2021

Chaos continues to thrive in Afghanistan as scores of civilians have occupied Kabul’s Hamid Karzai International Airport hoping for the next possible flight abroad. The chaos at the airport ensued because the Afghans stuck in the country are trying to flee from the brutal rule the Taliban could impose. No less than five people have been killed at Kabul airport as hundreds of people desperate to get out of the country tried to forcibly enter...

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