EL-RUFAI TO REMAIN IN CUSTODY AS COURT ADJOURNS BAIL APPLICATION TO APRIL 14.(PHOTO).
El-Rufai to remain in custody as court adjourns bail application to April 14 Justice Rilwanu Aikawa of a Federal High Court in Kaduna has adjourned the hearing of the bail application filed by former Kaduna State governor, Nasir Ahmad El-Rufai, to April 14th. The bail application of the former governor came up before the court today. April 1. The court adjourned the case after listening to arguments from both the defence and prosecution El-Rufai was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a 10-count charge bordering on alleged conversion of public property and money laundering. He pleaded not guilty to all the charges. The court ordered that he remain in ICPC custody pending the hearing of his bail application on the fixed date. The former governor arrived at the court premises around 9:00 a.m. in a black Hilux vehicle, accompanied by DSS officials.
A total of N415.730 billion has been distributed as Federal Allocation for the month of April 2017 by the Federal Governmebt,State Governments and Local Government Councils.The communique issued by the sub-Committee of Federation Accounts Allocation Committee {FAAC} of the Office of the Accountant-General of the Federation,at the end of the meeting held in Abuja on May 23,2017,indicated that the gross statutory revenue received for the Month is N248.110 billion,which is lower than the N331.583 billion received in the previous months by N54.473 billion.The shared amount comprised the Month's Statutory distributable revenue of N272.115 billion,Value Added Tax of N81.286 billion,Exchange gain of N38.517 billion and Excess PPT Account of N20.425 billion.There was also a N6.330 billion refund to the Federal Government by Nigerian National Petroleum Corporation {NNPC}.Accordingly,from Net Statutory Allocation,the Federal Government received N124.444 billion representing {52.68%}; States received N63.119 billion {26.72%}; Local Government Councils received N48.662 billion representing {20.60%}; while the oil producing States received N22.640 billion as 13% derivation revenue.Furthermore,from the Revenue available from the Value Added Tax {VAT},Federal Government received N12.193 {15%}; States received N40.643 billion {50%} while the Local Goverment Councils received N28.450 {35%}.The Communique further explained that there was a significant increase in Export Sales revenue by about $63.69 million due to increase in average unit price of crude oil export volume by 1.07 million There was however,a decrease in the average price of Cruude oil production during the period under review.This was largely due to a shut in and shut-down of pipelines due to the activities of vandals,as well as for maintenance which impacted negatively on production.Furthermore,the Force Majeure declared at the Forcadose terminal since February,2016 was still in place.The balance on the Excess Crude Account is $2.299billion USD,while the balance in the Excess PPT Account is $67M US Dollar.
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