Economic and Financial Crimes Commission (EFCC) on Thursday lamented the increasing rate of Nigerian youths’ involvement in cybercrimes, saying that over 70 per cent of the country’s young people might soon become ex-convicts. Ilorin zonal commander of the anti-graft agency, Usman Muktar urged every stakeholder in the country to discourage the youth from internet fraud. Muktar said young people were increasingly arrested and imprisoned for cybercrime.He urged parents to query their children’s sources of wealth.
In Nigeria, the list of the unthinkable grows shorter with every passing day. The unthinkable happens with such regularity and frequency that we must now, as a lexical imperative, establish a gradation or hierarchy of such things. On that scale, the merely unthinkable event would occur routinely. The highly unthinkable would occur more sparingly. The prohibitively unthinkable would occur more sparingly still, and the most unthinkable would be one for the ages. Going by that metric, the most unthinkable happened last week at Nigeria’s premier military institution, the Nigeria Defence Academy, near Kaduna, in Kaduna State. “The security architecture of the Nigerian Defence Academy was compromised early this morning by unknown gunmen,” said Major Bashir Muhammad Jajira, a spokesman for the institution.We lost two personnel and one was abducted.” By “security architecture,” Jajira was referring to the Academy’s brick-and-mortar perimeter fence, topped with razor wire and doing so wi...
The Federation Accounts Allocation Committee (FAAC) on Friday shared a total of N760.717 billion for July 2021 to the federal, states and local governments. This was contained in a communiqué issued at the end of the virtual meeting of the Federation Account Allocation Committee (FAAC) for August 2021. The N760.717 billion total distributable revenue comprised distributable statutory revenue of N617.705 billion; distributable Value Added Tax (VAT) revenue of N140.555 billion and Exchange Gain of N2.457 billion. In July 2021, the sum of N63.501 billion was the total deductions for cost of collection, statutory transfers and refunds. The balance in the Excess Crude Account (ECA) was $60.855 million. The communiqué confirmed that from the total distributable revenue of N760.717 billion; the Federal Government received N321.226 billion, the State Governments received N222.514 billion, and the Local Government Councils received N166.562 billion.
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