NIGERIAN MAKES U.S MOST WANTED LIST OVER $1M FRAUD. (PHOTO).

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 Nigerian makes US Most Wanted List over $1m fraud A Nigerian, Onoriode Ezewu, has been named on the United States Department of Labour’s first-ever Most Wanted List over allegations of money laundering involving fraudulent unemployment benefit claims worth more than $1m. The department’s Office of Inspector General unveiled the list on its website on Wednesday, naming 16 fugitives wanted in cases involving alleged fraud, identity theft, money laundering, labour trafficking and other offences. According to the agency, the cases collectively involve more than $55m allegedly stolen from American taxpayers. Ezewu’s profile on the department’s website identifies him as wanted for concealment money laundering and states that he is believed to be residing in Nigeria. “In January 2021, Ezewu was charged with 15 counts of concealment money laundering tied to fraudulent UI and Pandemic Unemployment Assistance claims filed using stolen identities, in a scheme exceeding $1 million that also t...
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N415.730 BILLION HAS BEEN DISTRIBUTED AS FEDERAL ALLOCATION FOR THE MONTH OF APRIL 2017.{READ}.

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Image result for nigerian coat of arm                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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