NDC STATEMENT ON COURT RULING. (PHOTO). #PRESS RELEASE.

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 NDC STATEMENT ON COURT RULING Our attention has been drawn to a ruling by the Federal High Court sitting in Lokoja this morning, wherein His Lordship, Honourable Justice Isah Dashen, gave a ruling on an application filed by an unregistered association known as Peace Movement Party. The public knows that by December 2025, the Nigeria Democratic Congress  as an association complained of INEC’s refusal to register us as a political party, whereupon we proceeded to the Federal High Court. The Federal High Court upheld our constitutional right to freedom of association under the Constitution and compelled INEC to register us, which INEC did. Since then, we have started political activities, embarked on the registration of members, held congresses from ward to national levels, held conventions, and concluded primaries to all offices following INEC’s timetable. We have been fully participating in all INEC activities without let or hindrance. NDC also fielded candidates, and fully pa...
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FG, STATES, LGAs SHARE ₦1.424TN FAAC REVENUE IN DECEMBER 2024.(PHOTO).

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 FG, States, LGAs Share ₦1.424tn FAAC Revenue In December 2024


A total sum of ₦1.424 trillion, being December 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils.


The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.


The Director of Press and Public Relations, Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, disclosed this in a statement on Friday.


The ₦1.424 trillion total distributable revenue comprised distributable statutory revenue of ₦386.124 billion, distributable Value Added Tax (VAT) revenue of ₦604.872 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦31.211 billion and Exchange Difference revenue of ₦402.714 billion.


A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of ₦2.310 trillion was available in the month of December 2024. Total deduction for cost of collection was N84.780 billion while total transfers, interventions and refunds was N801.175 billion.


According to the communiqué, gross statutory revenue of ₦1.226 trillion was received for the month of December 2024. This was lower than the sum of ₦1.827 trillion received in the month of November 2024 by ₦600.988 billion.


Gross revenue of ₦649.561 billion was available from the Value Added Tax (VAT) in December 2024. This was higher than the N628.973 billion available in the month of November 2024 by N20.588 billion. 

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