December 19, 2019

FAAC: FG, States, LG Share ₦635.8bn [See Breakdown]

December 19, 2019 5:40 am

Alhaji Isa Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, said on Wednesday in Abuja that the Federal, States and Local Governments had shared the sum of ₦635.8 billion for the month of November.

Dutse disclosed this while addressing newsmen after the Federation Account Allocation Committee (FAAC), meeting.

He explained that the amount shared included Value Added Tax (VAT), exchange gain and Forex Equalisation.

According to him, the gross statutory revenue generated for the month was N491.8 billion, which was lower than N596.04 billion received in the previous month, with a difference of N104.1 billion, NAN reports.…

Another Yola Professor Kidnapped

December 19, 2019 5:39 am

Another professor at the Moddibo Adamawa University of Technology (MAUTECH) has been kidnapped.

This is the third time kidnappers would pick a professor at the university in less than three months.

A family source said Wednesday that Kayode Shogbesan, a Professor of Fishery, who is also a pastor with the Redeemed Christian Church of God, Yola, was abducted on Tuesday night.

He was kidnapped around the University, located in Girei, headquarters of Girei Local Government Area, near the state capital, Yola.

The state Police Public Relations Officer, DSP Sulaiman Nguroje, said the professor was kidnapped as he was returning home …

AMCON: Falana Makes Revelations On Buhari’s Appointment

December 19, 2019 5:37 am

A frontline human rights lawyer, Femi Falana, (SAN), has declared that the law does not support the confirmation of Adamu Lamatek as the chairman of the Asset Management Corporation of Nigeria (AMCON).

President Muhammadu Buhari had nominated Adamu as AMCON’s new chairman in line with an amendment of the AMCON act that provides for a part-time chairman who shall be a deputy governor in the Central Bank of Nigeria.

Falana’s position was contained in a statement he signed and made available newsmen on Wednesday.

The Senior Advocate of Nigeria, who backed his claims with some sections of the AMCON …