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FAAC: FG, States, LGs Share N647.39bn – Adeosun

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FAAC: FG, States, LGs Share N647.39bn – Adeosun

Workers at the three tiers of Government are to receive their salaries for this month before the Easter break as the Federal, State and Local Governments shared the sum of N647.39 billion from the Federation Account.

The money was the revenue collection for the month of February 2018 which was approved at the Federation Account Allocation Committee (FAAC) meeting convened and chaired by the minister of finance Wednesday.

The unusual FAAC meeting was attended by, a representative of the Permanent Secretary and Director of Home Finance in the Federal Ministry of Finance, Mrs. Olubunmi Siyanbola; Accountant General of the Federation, Mr. Ahmed Idris; Chairman of Finance Commissioners’ Forum and Adamawa State Commissioner for Finance, Mr. Mahmoud Yunusa; States’ Commissioners of Finance and Accountant-Generals, and representatives of revenue generating agencies.

Adeosun, who spoke to journalists at the end of the Committee’s emergency meeting, said she personally engaged states’ governors in several meetings the previous night (Tuesday) to find a way around the stalemate.

She then revealed that the sum of N647.39 billion distributed to the three tiers of government was N11.836 billion higher than the N635.554 billion shared in the previous month.

Statutory revenue accounted for N557.943 billion of the total revenue distributed for the month of February while Value Added Tax (VAT) accounted for the balance of N89.447 billion.

The total revenue distribution in the previous month was made up of statutory revenue of N538.908 billion and Value Added Tax of N96.646 billion.

On the States’ dispute with the revenue paid by the Nigerian National Petroleum Corporation (NNPC) into the Federation Account, the Minister said the FAAC would reconcile the revenue figures with the top management of the Corporation led by the Group Managing Director, Mr. Maikanti Baru.

“The NNPC is a major channel of our mineral revenue. Some issues have been raised by the States on the revenue paid into the Federation Account by NNPC.

“These are being looked into and within the next 48 hours, we will hold a joint meeting with the NNPC Group Managing Director to address the concerns of the States. The reconciliation of the revenue figures is part of a healthy process to ensure transparency and accountability,” Adeosun said.

The Chairman of Finance Commissioners’ Forum, Mahmoud Yenusa, explained that the reconvening of the meeting had become necessary to enable States pay workers their salaries before the Easter break.

“The account submitted by the NNPC is not acceptable to the States but we are willing to jointly reconcile the revenue figure with the leadership of NNPC.

“We agreed last night to reconvene the meeting for the benefits of Nigerian workers at all tiers of government, to enable them receive their salaries,” the Adamawa State Commissioner of Finance said.

Sounding a note of warning, Mahmoud Yunusa stated that the states “won’t take this anymore. NNPC will have to sit up and do its job. We are not taking this anymore. We would not come here, spend days without holding the meeting. So in the spirit of Easter, we would take this account, go home with it;  pay salary and come back to meet NNPC to  pay us our balance. We have to find out wherever the error is”, he said.

Immediately after the meeting, the Accountant General of Federation signed the mandates for the Central Bank of Nigeria (CBN) to pay the approved revenue allocation into the accounts of the Federal, State and Local Governments.

Giving further breakdown of the revenue distribution, the Finance Minister said the Federal Government received N257.927 billion of the net statutory revenue as against the N249.366 billion received in the previous month, while the State and Local Governments’ share of the statutory revenue was N130.824 billion and N100.86 billion, respectively.

The States and Local Governments had last month got N126.482 billion and N97.512 billion, respectively.

The 13% derivation accounted for the balance of the statutory revenue of N57.356 billion.

The 36 States received Value Added Tax of N42.935 billion compared with N46.39 billion received in the previous month, while the Federal and Local Governments received VAT of N12.88 billion and N30.054 billion, respectively.

Both Federal and Local Governments had received N13.917 billion and N32.473 billion, respectively, from VAT in February 2018.

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Update : Seyi Tinubu Responds to King Mitchy, VeryDarkMan Saga

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Seyi Tinubu, son of President Bola Tinubu, has issued a statement debunking allegations linking him to a feud between social media personalities Martins Vincent Otse, popularly called VeryDarkMan, and Mitchell Mukoro, widely known as King Mitchy.

The controversy stems from claims suggesting an improper relationship or secret arrangements between Seyi Tinubu and King Mitchy, which VeryDarkMan has reportedly used to intensify his online narrative.

Our correspondence reports that philanthropist and content creator King Mitchy recently announced that she renovated a dilapidated school in six days, suggesting that the project was proof that meaningful change could happen swiftly when there was genuine intent.

However, she reportedly made comments widely interpreted as subtle jabs at VeryDarkMan, who, in turn, accused her of being used as a political pawn to launder the image of President Bola Tinubu’s administration.

Tagging the President’s son. VeryDarkMan was said to have alleged in another video that both Seyi Tinubu and King Mitchy were threatening his life.

Addressing the comments in a statement shared on Instagram on Saturday, Seyi Tinubu categorised the allegations and insinuations as false.

He clarified the nature of his interaction with King Mitchy, framing it strictly within the bounds of his long-standing philanthropic work.

Tinubu wrote, “I met Mitchy once, in a public setting, alongside others. On that occasion, I provided financial support toward her NGO activities, just as I have supported many young Nigerians and organisations working to empower our people.

“A follow-up meeting had been scheduled for me to receive an update on the impact of her NGO’s work following the donation. That meeting did not take place because I have been unwell.”

He categorically denied any private encounters, saying, “There has never been a private encounter, no secret arrangement, and no impropriety of any kind.”

Tinubu took direct aim at VeryDarkMan, accusing the activist of using a feud he had no part in to attack his reputation.

He wrote, “What is deeply concerning is that a feud I did not start, and in which I have played no part, has been used as a vehicle to insert my name into a narrative without basis in truth.

“For reasons best known to him, VDM appears to have been looking for a trigger, an opportunity to attack and attempt to harm my reputation and seized upon this situation to do so. I will not accept that.

“If my name generates attention, let us at least deal in facts. Supporting charitable causes is not a crime. Meeting someone publicly to support their NGO is not a scandal. Repeating falsehoods loudly does not transform them into truth.”

Tinubu asserted that he won’t be intimidated by “fictional” narratives, emphasising that he refuses to be bullied.

“I will not be bullied, and I will not dignify fiction with panic.

“I have experienced bullying before, and I understand the harm it can cause. That is why I take a firm stance against it,” he said.

Tinubu concluded by reaffirming his commitment to serving Nigerian youth through his foundation, insisting that “philanthropy and outreach must never be politicised or weaponised.”

“To those seeking to manufacture controversy: Nigeria needs builders, not bullies. We need responsible discourse, not sensationalism driven by speculation.

“I firmly reject the accusations made against me. I call for de-escalation, for restraint, and for a return to truth and responsibility,” he added.

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Security Reform: Tinubu Calls for Urgent Constitutional Backing for State Police

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…raises fresh alarm over terrorism, banditry at State House Iftar

…Akpabio pledges more support, vows no executive bill will die in Senate

President Bola Ahmed Tinubu on Wednesday night formally urged the Senate to begin the process of amending the 1999 Constitution to provide for the establishment of state police, declaring that Nigeria must urgently restructure its security architecture to confront terrorism, banditry and insurgency.

Speaking at an interfaith breaking of fast with the leadership and members of the Senate at the State House, Abuja, the President said the time had come for lawmakers to “start thinking” about embedding state policing in the Constitution to enable governments at subnational levels better secure their territories.

“Nigeria is extremely challenged, we are facing terrorism, banditry, insurgency, but you never failed to make a right response to these calls. What I will ask for tonight is for you to start thinking how best to amend the Constitution to incorporate the state police for us to secure our country, take over our forests from marauders, free our children from fear”, Tinubu said.

The President’s latest appeal adds momentum to a campaign he has sustained since early in his administration.

In February 2024, during an emergency meeting with the 36 state governors at the State House, Tinubu approved the creation of a joint committee of federal and state representatives to explore modalities for establishing state police, insisting that the country must “move aggressively” to improve security of lives and property.

He renewed the call in November 2025, urging the National Assembly to begin reviewing relevant laws to allow states willing to establish their own policing structures to do so.

At the APC National Caucus meeting in December 2025, he again pressed governors and lawmakers to back constitutional reforms for state police and local government autonomy.

Only days ago, at an interfaith breaking of fast with governors at the Presidential Villa, the President declared that state police “can’t wait” and “will not be postponed,” urging preparations for what he described as a necessary shift in the nation’s security architecture.

At Wednesday’s gathering with senators, Tinubu framed the proposed reform as a constitutional obligation anchored on unity and shared responsibility.

“What you have faced in the challenging period of this country, the terrorism and banditry, is causing us havoc and we should pull together, unite in a way that our forefathers contemplated to bring about a constitutional democracy and pull us together. They didn’t say we should fight,” he said.

Beyond security, the President expressed deep appreciation to lawmakers for supporting what he described as bold and necessary economic reforms.

“I have a lot of credit for bold reforms. Without your collaborations, without your inspirations, those reforms are not possible. We are reformists together,” he said.

Tinubu defended the removal of petrol subsidy and foreign exchange reforms, describing them as steps taken to halt “monumental corruption.”

“What we gave up and what we stopped is a monumental corruption in subsidy. We gave it up. We don’t want to participate in monumental corruption, in arbitrage, foreign exchange,” he stated.

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According to him, the reforms have laid the foundation for economic stability.

“You don’t have to chase me for dollars. In the past, you could see what Nigeria is today. You should be proud… What we are enjoying is stable economy, prosperity beckoning on us. We just need to work hard for it,” he added.

Responding to criticisms from political opponents, the President dismissed claims that he was stifling opposition voices.

“When they accused me of killing oppositions, I didn’t have a gun… I can’t blame anybody from jumping out of a sinking ship if they did,” he said, in apparent reference to recent defections.

He described the coincidence of Ramadan and Lent as symbolic of national unity and called for continued harmony between the executive and legislature.

“We are committed to Nigerian entity succeeding. We are committed to make law for the welfare, prosperity of the country. I think we are committed together to govern together,” he said.

In his response, President of the Senate, Senator Godswill Akpabio, assured the President of the chamber’s loyalty and continued cooperation.

“We have nothing to give to you than to assure you of our loyalty,” Akpabio said. “I’m sure you have noticed that nothing you have ever sent to us died in first reading, and it will never happen.”

He said the Senate painstakingly reviews executive proposals to ensure they serve national interest, even when they initially attract criticism.

“We sit down to painstakingly go through everything that comes before us, and then at the end, we see that it is in the interest of Nigerians, even when the social media is not seeing it,” he said.

Akpabio commended Tinubu’s tax reforms, foreign exchange unification, fuel subsidy removal and the recent electoral amendment, noting that the President promptly assented to the revised Electoral Act when convinced it served national interest.

He expressed optimism that by 2031, Nigeria would be more prosperous under Tinubu’s leadership and offered prayers for peace amid what he described as “troubles and sponsored insecurity” in parts of the country.

The Senate President also thanked Tinubu for appointing former Senator Jimoh Ibrahim as an ambassador, describing it as recognition of legislative talent.

The interfaith gathering ended with prayers for unity, wisdom and strength for the nation’s leaders as they navigate security and economic challenges.

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BREAKING: Tinubu Names Tunji Disu Acting Inspector General After Egbetokun’s Exit

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President Bola Tinubu has accepted the resignation of the Inspector-General of Police, Kayode Egbetokun, and approved the appointment of Tunji Disu as Acting Inspector-General of Police with immediate effect.

Our correspondent had earlier reported that Egbetokun tendered his resignation letter on Tuesday, citing pressing family considerations.

Appointed in June 2023, Egbetokun was serving a four-year term scheduled to conclude in June 2027, in line with the amended provisions of the Police Act.

In a statement issued on Tuesday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President received the letter earlier on Tuesday and expressed appreciation for his service to the nation.

He also commended Egbetokun’s “decades of distinguished service to the Nigeria Police Force and the nation,” acknowledging his “dedication, professionalism, and steadfast commitment to strengthening internal security architecture during his tenure.”

“In view of the current security challenges confronting the nation, and acting in accordance with extant laws and legal guidance, President Tinubu has approved the appointment of Assistant Inspector-General of Police Tunji Disu to serve as Acting Inspector-General of Police with immediate effect.

“The President is confident that AIG Disu’s experience, operational depth, and demonstrated leadership capacity will provide steady and focused direction for the Nigeria Police Force during this critical period,” the statement read.

It added that in compliance with the provisions of the Police Act 2020, the President will soon convene a meeting of the Nigeria Police Council to formally consider Disu’s appointment as substantive Inspector-General of Police, after which his name will be forwarded to the Senate for confirmation.

The President reaffirmed his administration’s commitment to enhancing national security, strengthening institutional capacity, and ensuring that the Nigeria Police Force remains professional, accountable, and fully equipped to discharge its constitutional responsibilities.

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