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PoliticsFAAC May 2021: FG, States, Lgas Share N605.958 Billion by maximunimpact(op): 12:14pm On Jun 24, 2021
The Federation Accounts Allocation Committee (FAAC) has shared N605.958 billion as Federation allocation for May, 2021.

From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N242.120 billion, States received N194.195 billion, Local Government councils got N143.742 billion while the oil producing states received N26.901 billion as derivation (13% of Mineral Revenue).

The communique by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated the Gross Revenue available from the Value Added Tax (VAT) for May, 2021 was N181.078 billion as against N176.710 billion distributed in the preceding month of April, 2021, resulting in an increase of N4.368 billion.

The distribution is as follows: Federal Government got N25.260 billion, the States received N84.202 billio and Local Government Councils got N58.941billion.

The distributed Statutory Revenue of N428.198 billion received for the month was lower than the N497.385 billion received for the previous month by N69.197 billion, from which the Federal government received N175.541 billon, States got N89.037 billion, LGCs got N69.644 billion, and Derivation (13% Mineral Revenue) got N24.666 billion.

The communique also revealed that Companies Income Tax (CIT) and Oil and Gas Royalties, Import and Excise Duty recorded decreases. Only Value Added Tax (VAT) increased, although, marginally.

The communique however disclosed that total revenue distributable for the current month inclusive of Gross Statutory Revenue of N357.888 billion, Value Added Tax (VAT) of N168.403 billion, Solid Mineral Revenue of N7.940 billion, Exchange Gain of N1.727 billion and an augmentation from Non-Oil of N50 billion and N20 billion bringing the total distributable revenue to N605.958 billion.

https://www.financialwatchngr.com/2021/06/24/faac-may-2021-fg-states-lgas-share-n605-958-billion/

Mynd44, OAM4J

EducationRe: National Open University Of Nigeria (NOUN) Students by maximunimpact(m): 12:09pm On Jun 24, 2021
Fkj202004:
Very easy. When registration begins next month, register your courses and project. Begin the process of writing your project, do TMAs, read your books and write your exams.

That's the beauty of NOUN. You can stop and start from wherever you stopped whenever you want to come back.
Thanks.

one more questions, the history of all my registered courses and exams are currently not on my profile, will they appear after i do registration next month?
EducationRe: National Open University Of Nigeria (NOUN) Students by maximunimpact(m): 8:26am On Jun 24, 2021
Guys goodmorning, girls welldone.

I abandoned my program at 400L in 2015, although i have passed all exams upto first semester 400L in mass communication except project and 3 other courses, now i want to go back and finish up.

Any advise on how to get back in next semester? Currently i can still log in as a returning student.

Any tips will be appreciated!
WebmastersRe: Ten (10) Things Every New Nigerian Blogger Must Avoid in 2021 by maximunimpact(m): 10:14am On Jun 23, 2021
Most posts like this one always come from new bloggers, they set up a blog and 2months later they feel like pro.
PoliticsCourt Convicts Farouk Lawan Over $500,000 Bribe by maximunimpact(op): 3:21pm On Jun 22, 2021
A High Court of the Federal Capital Territory (FCT) in Apo, Abuja has convicted former member of House of Representatives from Kano State, Farouk Lawan for receiving $500,000 bribe from a businessman, Femi Otedola.

Justice Angella Otaluka convicted Lawan on the three-count charge on which he was tried by the Independent Corrupt Practices and other related offences Commission (ICPC).

The judge sentenced him to seven years imprisonment in respect of counts one and two and five years on count three.

In 2012 Mr Lawan chaired the House of Representative committee that produced the fuel scam report which had cost the country $6.8bn (£4.2bn), accusing some of those who import fuel of massive corruption.

It called for a total overhaul of the oil ministry and for the prosecution of companies and some powerful individuals who had benefited from the swindle.

The investigation was set up in the wake of angry nationwide protests in January 2012 after the government tried to remove a fuel subsidy.

Oil billionaire, Femi Otedola, has alleged the lawmaker demanded the $3m bribe in order to have his company, Zenon, removed from a list of those involved in the scandal.

Part of that money was handed over and a video recording of the transaction was given to police, he said.

“You Farouk Lawan… in the course of your official duty corruptly asked for the sum of $3m for yourself from Femi Otedola… to afterwards show favour to Femi Otedola,” a report quotes the charges read out in the Abuja High Court.
https://www.financialwatchngr.com/2021/06/22/breaking-finally-court-convicts-farouk-lawan-over-2013-500000-bribe/

PoliticsLai Mohammed Alleges Twitter Is Promoting Acts Of Terrorism In Nigeria by maximunimpact(op): 2:22pm On Jun 22, 2021
Minister of Information, Alhaji Lai Mohammed on Tuesday told the House of Representatives that the government decided to ban the operations of twitter in Nigeria because it was promoting instability and act of terrorism in the country.

The Minister who spoke at a public hearing on the Twitter ban organised by a joint Committee of the House said despite repeated reminders, twitter continued to provide separatist groups the platform to promote terrorism in the country.

He said the decision of the government was supported by the position of section 45 of the 1999 constitution, the Company and Allied Matters Act and also the anti-terrorism act among others.

He said the twitter also provided IPOB, an organization that was banned by the Court in Nigeria the platform to spread hate news and ordering the killing of soldiers, policemen and burning public institutions.

On the issue of personal liberty, he explained that personal liberty can always be suspended when the rights of others is at stake.

https://www.financialwatchngr.com/2021/06/22/lai-mohammed-alleges-twitter-is-promoting-acts-of-terrorism-in-nigeria/

Mynd44, OAM4J
PoliticsTwitter Writes Nigeria Seeking Restoration Of Access by maximunimpact(op): 2:05pm On Jun 22, 2021
President Muhammadu Buhari has approved the composition of the Federal Government’s Team to engage with Twitter over the recent suspension of the operations of the microblogging and social networking service in Nigeria.
BusinessHow Small Businesses Are Taking The Hit On Twitter Ban by maximunimpact(op): 8:04am On Jun 22, 2021
Some small businesses that rely on Twitter for survival are finding it tough to cope as a result of the indefinite suspension imposed on the operation of the micro blogging site by the Federal Government.

Chief Executive Officer (CEO) of JE Stores, Jadesola Praise, said her sales had dipped since the ban was imposed because she depends on the platform to reach her customers.

According to her, JE Stores is a virtual shop that deals in unisex wears, sneakers, bags, slides, writs watches and others with nationwide delivery.

“My sales have been affected. I am hopeful that the government and Twitter will reach an agreement soon so that the nightmare will come to and end,” she said.

Also, a Lagos-based entrepreneur, Ogechi Egemonu, said she was selling more than N500,000 worth of watches, shoes and handbags on Twitter weekly.

Now, with the site suspended by the government, Egemonu does not know how she will cope.

“Social media is where I eat. I depend on social media for my livelihood,” she told Reuters.

Praise and Egemonu are few of the several small, medium enterpriseses (SMEs) in the country that have been affected by the indefinite suspension of the micro-blogging platform.

The Federal Government had on June 4, announced the “indefinite” suspension of Twitter over “the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence”. It came days after the platform President Muhammadu Buhari’s post threatening to punish secessionist agitators.

He said that a “sizeable number of citizens” use Twitter to make a living.

Parliament’s minority caucus warned the suspension was costing Nigerians “billions of naira on a daily basis.”

Dumebi Iyeke, a research analyst with the Financial Derivatives Company, said it would hit young Nigerians – among whom there is a 45 per cent unemployment rate – the hardest.

“We are looking at a potential loss in their revenue,” Iyeke said, adding that it could further lower living standards amid high inflation.

Information Minister Lai Mohammed last week said that all social media sites must register a local entity and get a license to operate. He cited complaints over lost money as proof that the ban was effective, but said other sites are still available.

“Section 2(1) r of the NBC Act entrusts the Commission with responsibility to ensure strict adherence to the national laws, rules and regulations,” the DG said.

“Section 3.11.2 of the Nigeria Broadcasting Code provides that ‘the broadcaster shall ensure that law enforcement is upheld at all times in a matter depicting that law and order are socially superior to or more desirable than Crime and Anarchy.”

“Attention is also drawn to section 5.6.3 of The Code which requires Broadcasters to be mindful of materials that may cause disaffection, incite to panic or rift in the society in the use of a user generated Content (UGC).

“Note that it will be unpatriotic for any broadcaster in Nigeria to continue to patronise the suspended Twitter as a source of its information therefore strict compliance is enjoined.”

https://www.financialwatchngr.com/2021/06/22/how-small-businesses-are-taking-the-hit-on-twitter-ban/

Mynd44, OAM4J
PoliticsBakassi Boys Vigilante Group Returns, Kills Six In Anambra by maximunimpact(op): 8:59am On Jun 15, 2021
An unorthodox vigilante group known as ‘Bakasi boys’ who engaged in jungle justice in Anambra state have resurfaced after two decades to crush cultists and other criminals has allegedly killed six suspects.

The vigilante group arrived in Awka, the state capital, on Saturday with their first six victims burnt on Monday.

No one seems to know who sent them or how they are to approach their duty, but they are not policemen.

Police spokesman Ikenga Tochukwu said he had no information on them, but a senior officer confirmed that they arrived on Saturday.

The officer provided no further information.

“That’s the only thing I can tell you for now, let’s see how things work out in days and weeks to come,” he said.

“If they engage in jungle justice, nobody will talk, especially the lawyers and human rights groups, but when police engage in such, the whole world will tumble and that’s what the state deserves at this moment, ” the source said.

Awka has been terrorised by cultists without much resistance from police.

https://www.financialwatchngr.com/2021/06/15/bakassi-boys-vigilante-group-returns-kills-six-in-anambra/

PoliticsRe: June 12: 'Team Lagos' Threatens To Resist Any Protest In Lagos by maximunimpact(m): 2:32pm On Jun 11, 2021
After June 12 Buhari will unban Twitter, he knows how powerful the weapon can be against dictatorship
European Football (EPL, UEFA, La Liga)Re: Euro 2020 Kicks Off Today by maximunimpact(m): 2:30pm On Jun 11, 2021
English team all the way
Christianity EtcRe: TB Joshua's Simple Sitting Room (Photos) by maximunimpact(m): 8:04am On Jun 11, 2021
occult settings
PoliticsRe: Lagos Mention In Buhari's Interview Not Reference To Tinubu, Says Presidency by maximunimpact(m): 7:05am On Jun 11, 2021
Okay...
PoliticsRe: If You Want Jobs, Behave Yourselves - Buhari Tells Nigerian Youths (Video) by maximunimpact(m): 11:08am On Jun 10, 2021
ebuk4real:
huh

Attimes I wonder if Nigeria is a country or just an over-populated jungle of many fools with idiots as its leaders..
Adding this to wiki
PoliticsRe: "They’re Earned" — Buhari Rejects Claims Of Lopsided Appointments by maximunimpact(m): 9:38am On Jun 10, 2021
Lols
TravelRe: Professor Peter Maidoki And His Wife Die In Motor Accident (Graphic Photos) by maximunimpact(m): 9:44pm On Jun 08, 2021
SILVERLINES:
cry

I won't believe this news

There's a cover up somewhere perhaps these people were murdered by Fulani herdmen
may know about the cover up
Jobs/VacanciesRe: How True Is NYE (nigeria Youth Empowerment) .....[pictures] by maximunimpact(m): 1:07pm On Jun 08, 2021
Fvcking scam
Car TalkRe: Bringing a Mercedes from Lagos to Calabar; and my tough ordeals! by maximunimpact(m): 11:57am On Jun 08, 2021
OfficialDJ:
It was 6:50 am in the morning when I called teddy that I was coming to Lagos to pick my cls up( I had paid for a thorough paint job to be meted out on the car)

I booked a flight from calabar to Lagos that same month for almost twice the normal fee! shocked

Everything went smoothly from there and I spent the night at one of those hotels in the GRA axis of ikeja.

I went down to meet up with the paint guy, and I was impressed by what I saw.

I was assigned a driver by the company to drive the car down to calabar... “Na new car be this, drive carefully “ the driver was told, but it was the complete opposite of the instructions he was meted out to that he did.

Pothole upon pothole the car entered, and I was so mad that I couldn’t shout again.

The final straw that broke the camelback was when he entered two potholes at once along sapele road, and the tyres screeched and gave up.

The passenger side tyres tore like it was riddled with bullets, and it was a bushy area.....


shocked

We heard a siren blow and a police van ordered us not to park there that hoodlums kidnapped people there...

They had to follow us to the nearest filling station, which was thankfully near an army checkpoint.


The rims had given up too at that point ( rims wey I buy 250k) cry

I was so mad I couldn’t even talk to the driver again.

The policemen came down and asked what the problem was .. they offered to bring down the tyre and sorted things for us. shocked

We had to sleep in the filling station that night for the car to be worked on the the next morning!
That particular night, without being signaled to come, 4 Warri boys helped us get new tyres and transported it to the car’s location without collecting money. I was shocked by the hospitality.

The next day, the boys again took me to where I’d get rims and everything for the car, which was beyond amazing.

I had to squeeze 3k to the supposed leader, as they refused to collect anything.

I got back to calabar yesterday afternoon, and I’m riddled with repairs worth 300k+

If you’re from delta, you guys rock! So much, as if it wasn’t for those guys, then my situation would have been lipsrsealed lipsrsealed
Wow! We deltans rock! Even police still help your case
Christianity EtcRe: Howard Nyoni: TB Joshua & Oyakhilome Had Terminal Diseases, Took Drugs Secretly by maximunimpact(m): 11:42am On Jun 08, 2021
Kobojunkie:
The dead are sleeping in their graves just as Jesus Christ said they would, waiting for Him to return to judge them. undecided
Let no man decieve you with their lies... there are no souls currently in either Heaven or Hell. That will only happen after Jesus Christ returns. undecided
That's a more reasonable teaching, it worries me seeing many bible teachers brasingly teaching falsehood
Christianity EtcRe: Howard Nyoni: TB Joshua & Oyakhilome Had Terminal Diseases, Took Drugs Secretly by maximunimpact(m): 11:41am On Jun 08, 2021
AdolfHitlerxXx:
My own issue with Pastors & to a lesser extent Alfas :

They would prescribe anointing oil, holy water and miracles but they know the way to hospitals.

NONE of these "Men of God" saw an epidemic on the scale of COVID-19.

In fact late TB Joshua predicted the pandemic would end in 4 months.

He also "saw" Hilary Clinton as US President and didn't see the collapse of his own church building.

If you still pay tithe.... I encourage you to continue. I would soon be a Pastor myself.
10000 likes bud
Christianity EtcRe: Howard Nyoni: TB Joshua & Oyakhilome Had Terminal Diseases, Took Drugs Secretly by maximunimpact(m): 11:35am On Jun 08, 2021
Righteousness2:
Man can Deceive Man!
Nobody can Deceive GOD
The Prophet is gone to render his account to GOD.
He is either in Heaven or Hell as we speak based on what GOD knows about him.
What Matters is not what people say about you.
What Matters is what GOD knows about you.
If there is resurrection of the dead according to Bible, are those in heaven coming back from heaven to planet earth again and for those in hellfire are they also going to return?

I ask this because for there to be a resurrection the person have to be dead, in other words non existent, and then called back to life, at least that's what resurrection means.

It is therefore inconsistent to teach that the dead somehow stay alive in heaven or hell and at same time teach about resurrection of the dead...

What ya say pastor?
TravelRe: Poland Or Germany Or Canada, Which One's Best? by maximunimpact(m): 10:30am On Jun 08, 2021
It's an insult to compare Germany with Poland and Canada
PoliticsRe: Nigeria: Allow Igbos Secede If It’s Their Wish, Northern Elders Tell Federal Gov by maximunimpact(m): 9:52am On Jun 08, 2021
Secession is not a crime by any standard, big countries like USSR, Yugoslavia, Sudan, Somalia, indo-pak, Ethiopia, etc all disintegrated and moved on.

Why is Nigeria's situation so difficult to talk about? Looking at the level of hate and lack of love among various tribes, it's gonna all end having over 20 countries emerge from the remains of Nigeria.
Jobs/VacanciesRe: Why Did You Quit Your Last Job by maximunimpact(m): 9:36am On Jun 08, 2021
I hate human bosses so I quit fvcking bank job, now no one tells me what to do
PoliticsRe: Reno: Buhari, Osinbajo Still On Twitter Yet NBC Orders Stations To Deactivate by maximunimpact(m): 5:47pm On Jun 07, 2021
Zooposki:
VPs normally have no power, so leave Osinbanjo alone.
Here they come, the osinbajo the only good man in buhari govt crew...if he's not part of the mess then let the powerless VP resign. Atiku was still VP but very powerful and outspoken in his time
Christianity EtcRe: Pastor Adeboye Defies Twitter Ban Because Of UN Charter On Human Rights by maximunimpact(m): 3:40pm On Jun 07, 2021
Kingsnairaland:
The terrorist president buhari can still easily remove Nigeria from United Nations then withdraw from the universal laws governing human rights that would probably be his next move
You mean Mr president? (in Ortom's voice)
Christianity EtcRe: TB Joshua: I Am Tired & Want To Rest - Usher Reveals Things Prophet Said To Them by maximunimpact(m): 11:05am On Jun 07, 2021
l
Christianity EtcRe: Pastor Stephen Akinola Is Dead by maximunimpact(m): 9:23am On Jun 07, 2021
CharisEleos:
I'm not saying accepting Jesus won't make you die. What I'm saying is, you'll be sure of your eternity at least and not end up in the lake of fire.
mumu talk
Christianity EtcRe: Joshua Iginla: What TB Joshua Said When I Told Him He Was Going To Die by maximunimpact(m): 9:09am On Jun 07, 2021
mu2sa2:
Nigeria's ubiquitous self- appointed men of god will now start proclaiming anything and everything about tb. TB Joshua self-appointed himself prophet, but his sudden death is a lesson to others that all the so-called prophecies from them amount to hogwash- tb foresaw almost everything but, irony of ironies, not his own death! Hahaha!
or his church building collapsing
PoliticsRe: Twitter Ban: Mark Gbillah Threatens To Ground Plenary If House Prevents Debate by maximunimpact(m): 9:02pm On Jun 06, 2021
Lols
BusinessNigerian Naira Falls To 502 Per Dollar At Black Market by maximunimpact(op): 2:32pm On Jun 04, 2021
Nigerian Naira falls to 502 per dollar at black market - The Nigerian Naira (NGN) on Friday fell to N502 per dollar at the parallel market, the depreciation has been recurring over the past couple of weeks after the adoption of N410.25k as official rate by the Central Bank of Nigeria (CBN). The new official rate shows an 8.24-percent devaluation from N379/$ previously. It also shows an N72.75k.

ABCON President Aminu Gwadabe have blamed Speculators for the sale of dollars above the exchange rate approved by the Central Bank of Nigeria (CBN) and the rising pressure on the naira against the dollar, the Association of Bureaux De Change Operators of Nigeria (ABCON) has said.

FINANCIAL WATCH gathered Aminu Gwadabe who made the claim in Lagos, advised foreign exchange users to buy dollars from CBN-licensed Bureaux De Change (BDCs) at the approved rate and refrain from patronising forex speculators.

The naira, which exchanged at N502/$ at the parallel market remains at N410.25/$ at the official market following last week’ devaluation of the local currency by the CBN.

According to Gwadabe, forex speculators capitalise on the state of the foreign exchange market and the naira to sell dollars above CBN approved margin.

According to him, parallel market activities have for years become major drivers of the exchange rates and control over such transactions have become burdensome.

He said only CBN-licenced BDCs operate within regulatory guidelines and therefore should be patronised.

Gwadabe said the licenced BDCs, being regulatory-complaint and operating within international best practices, cannot sell the dollar to end-users above the N2 per dollar margin set by the CBN to protect the naira against foreign exchange speculators and ensure exchange rate stability.

The ABCON Executive Council said ABCON has continued to ensure that BDCs file their reports as and at when due, conduct Know Your Customer (KYC) and due diligence reports as required by the apex bank.

ABCON explained that while BDCs are licensed to offer retail across the counter of foreign exchange transactions, they play critical roles in the economy and have contributed to the economic development of the country like ensuring order and confidence in the forex market, providing data for monetary policy, channels for CBN Intervention in Retail forex market and creation of over 15,000 jobs among others.

The group assured members of the public of its commitment to conduct retail forex transactions as defined and regulated by the apex bank.

https://www.financialwatchngr.com/2021/06/04/nigerian-naira-falls-to-502-per-dollar-at-black-market/

puskin, FOD, dominique, naijacutee

PoliticsRe: Heightened Insecurity: Politicians, Associates Halt 2023 Moves by maximunimpact(m): 10:46am On Jun 04, 2021
Lols

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