I have seen social media commentary regarding the 2024 Appropriation Bill, particularly the provisions under the Office of the Chief of Staff to the President. Owing to the erroneous nature of these reports, it has become necessary to clarify that there is no provision in the 2024 Appropriation Bill for the renovation of any residence for the Chief of Staff to the President. I live in my private residence.

The sums mischievously quoted by online bloggers and fake news merchants are for renovating the Presidential Quarters in Dodan Barracks and the Vice President’s Lodge in Lagos, to overhaul the information management and communications facilities in the Presidency to meet modern standards and to provide vehicles for the staff of the Presidency. The sums proposed for these projects are clearly stated in the budget proposal and bear no resemblance to the deceptive online commentary.

This administration welcomes and encourages scrutiny of government expenditure; this is why the Budget proposal is publicly available. However, healthy public debate about government actions requires us to be responsible with our utterances and engage based on facts rather than insinuations and falsehoods.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.101 trillion revenue that was generated in August, 2023 to the three tiers of government being monthly allocation from the Joint Federation Account.

Despite the recent increase in monthly revenue generation, the balance in the excess crude account (ECA) has remained $473,754.57.

A communique issued by FAAC at its September, 2023 meeting showed that a total revenue of N1,483,902 trillion was available in the month of August 2023. Total deductions for cost of collection was N58.755 billion, total transfers and refunds were N254.046billion and savings were N71.000 billion.

The communique indicated that the N1.1 trillion total distributable revenue is comprised of distributable statutory revenue of N357.398 billion, N321.941 billion raised from Value Added Tax (VAT), N14.102 billion generated from electronic money transfer levy, N229.568 billion that came in from exchange rate differential, and augmentation of NN177.092 billion.

Gross statutory revenue of N891.934 billion was received for the month of August 2023. This was lower than the N1, 150, 424 trillion received in the month of July 2023 by N258.490 billion.

The gross revenue available from the VAT was N345.727 billion. This was higher than the N298.789 billion available in the month of July 2023 by N46.938 billion.

The communique stated that from the N1.1 trillion total distributable revenue, the federal government received a total of N431.245 billion, 36 states and the FCT received N361.188 billion, while the local government areas got N266.538 billion.

A total sum of N26.473 billion (13 percent of mineral revenue) and N14.657 billion (13 percent of savings from NNPCL), were shared to the relevant States as derivation revenue.
From the N357.398 billion distributable statutory revenue, the federal government received N173.102 billion, the state governments received N87.800 billion and the local government areas received N67.690 billion.

From the N321.941 billion VAT revenue for the month, federal government received N48.291 billion, states received N160.971 billion, while the LGAs got N112.679 billion.

The available N14.102 billion electronic transfer levy was shared as follows: federal government: N2.115 billion; state governments: N7.051 billion, and LGAs: N4.936billion.

A breakdown of the figures shared by director of press in the office of the accountant-general of the federal, Bawa Mokwa, showed that federal government took N114.445 billion from the N229.568 billion that came in from exchange differential, while all the state governments received N58.048 billion, with the LGAs receiving N44.752 billion.

The sum of N12.027 billion (13 per cent of mineral revenue) and N0.296 billion (13 per cent of savings from NNPCL) went to the relevant States as derivation revenue.

From the N177.092 billion augmentation, the federal government received N93.292 billion, the 36 States received N47.319 billion and the local government areas got N36.481 billion.

Yevgeny Prigozhin, head of the Russian mercenary force Wagner, was listed among 10 passengers reported killed when a private jet crashed north of Moscow.

Authorities are investigating the cause of the crash, which occurred exactly two months after Prigozhin led his fighters in a short-lived mutiny against Russia’s military leadership.

“There’s not much that happens in Russia that [Russian President] Putin’s not behind. But I don’t know enough to know the answer,” US President Joe Biden said in reaction to the news.

Ukraine presidential aide Mykhailo Podolyak said the plane crash was “a signal from Putin to Russia’s elites ahead of the 2024 elections. ‘Beware! Disloyalty equals death.'”

Questions are now being raised about the future of thousands of Wagner fighters deployed in Africa, Belarus and elsewhere.

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Newcastle Takeover: Saudi-led consortium complete deal for club

TAKEOVER COMPLETE

A Premier League statement read: "The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media.

"Following the completion of the Premier League's Owners' and Directors' Test, the club has been sold to the consortium with immediate effect."


The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media.

— Premier League Communications (@PLComms) October 7, 2021

WHAT HAPPENS NOW?

A Saudi-led consortium are set to complete their takeover of Newcastle United bringing Mike Ashley's 14-year ownership of the club to an end, but what does it mean going forward?

The takeover will involve Saudi Arabia's Public Investment Fund (PIF) taking a controlling 80 per cent stake in the club, with the purchasing consortium led by Amanda Staveley.

Sky Sports News reporter Keith Downie explains how and why Newcastle are on the verge of becoming one of the richest football clubs on the planet.

NEWCASTLE'S NEW OWNERS 'EXTREMELY PROUD'

Newcastle's new owners have released a statement following the confirmation the takeover has been completed.

Commenting on the agreement, His Excellency Yasir Al-Rumayyan, Governor of PIF, said: "We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football.

"We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them."

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Course Code : ENG172
Course Title : Introduction to Poetry
Host Faculty : Arts
Credit Unit : 2
Level : 100
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Status : Core
Semester : 1

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RETRACTION: Publication of Daily Independent Story alleging Nigeria’s Minister of Communications, Sheikh Isa Pantami placed on Terror watch-list for alleged ties with Boko Haram Leader


RETRACTION: Publication of ‘Sunday Independent Story’ alleging
Nigeria’s Minister of Communications, Sheikh Isa Pantami placed on Terror watch-list for alleged ties with Boko Haram Leader

Dear Readers,

Several concerns have been raised with respect to the veracity of the story alleging Nigeria’s Minister of Com­munications, Sheikh Isa Pantami being placed on Terror watch-list for alleged ties with the late Boko Haram Leader Muhammed Yusuf in our publication.

We launched an independent audit to evaluate the story and found that there was no direct attribution by the said United States Government agency and we do apologise to our readers for re-publishing the report and also to the person of Sheikh Isa Pantami, Nigeria’s Minister of Nigeria’s Minister of Com­munications.

The video embedded in the story where the Minister and the late leader of Boko Haram revealed that, the minister and the late Boko Haram leader were in a heated debate. Sheikh Pantami in the video disagreed with Muhammed Yusuf’s position, insisting that Muslims should enrol in schools and equally participate in democractic governance. However, Yusuf argued to the contrary with little evidence from the Qur’an and Hadith which he relied on.

As an organisation, we always aspire to perform our due diligence in publishing or re-publishing third party articles with credible media organisations and in accordance with the highest ethical and professional guidelines and for this story, we found that story was published by Daily Independent without attribution.

Based on this development, we are retracting the story and deleting the article from our platforms, news websites and the various social media pages.

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