WORLD’S YOUNGEST REIGNING MONARCH , KING OYO, DIES AT 34.(PHOTO).

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 World’s Youngest Reigning Monarch , King Oyo, Dies at 34 King Oyo Nyimba Kabamba Iguru Rukidi IV, the traditional ruler of Uganda’s Tooro Kingdom who became the world’s youngest reigning monarch after ascending the throne at three, has died at the age of 34. The monarch reportedly died on Thursday, with the Prime Minister of the Tooro Kingdom, Calvin Armstrong Rwomiire Akiiki, announcing his death on Friday. The cause of death was not immediately disclosed. However, Ugandan media reports quoted a government minister as saying that King Oyo had been critically ill and was receiving medical treatment in the United States. Reacting to the development, Akiiki described the monarch’s death as a major loss to the royal family and the people of Tooro. He urged members of the kingdom to remain united and calm while mourning the traditional ruler. King Oyo ascended the Tooro throne in 1995 following the death of his father, King Patrick Matthew Kaboyo Rukidi III. He was only three years ol...
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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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