A FLORIDA SEA TOW CAPTAIN SAVED A MAN FROM A BURNING SHIP ONLY TO BE SHOVED OVERBOARD AND HAVE HIS BOAT STOLEN.(PHOTO)

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 No good deed goes unpunished.  A Florida sea tow captain saved a man from a burning ship only to be shoved overboard and have his boat stolen. This shocking incident occurred near Marco Island on March 6th. On that date, a call went out regarding a burning boat. The captain of a sea tow boat heard the distress call and rushed to provide aid. He was able to quickly locate the burning boat and  discovered 40-year-old, Ryan Deiter, and his dog onboard the burning ship. Wasting no time, the captain of the sea tow boat was able to maneuver alongside the distressed boat and begin efforts to extricate Deiter and his dog from the doomed vessel.  Eventually, the sea tow captain was able to pull both Deiter and his dog onboard the tow boat. However, once Deiter was pulled to safety, he repaid a stranger's kindness with treachery.  Deiter shoved the captain from his own boat and fled the scene in the stolen boat, leaving the man who had just risked his own vessel and life...
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FAAC DISTRIBUTES N1.681 TRILLION APRIL REVENUE TO FG, STATES, COUNCILS. (PHOTO).

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 FAAC distributes N1.681 trillion April revenue to FG, States, Councils


The Federation Account Allocation Committee (FAAC) has shared a total of N1.681 trillion as revenue generated in April 2025 to the Federal Government, 36 States, and 774 Local Government Councils across the country.

This figure, distributed at the FAAC meeting in Abuja on Friday, reflects an increase of N103 billion compared to the N1.578 trillion shared in March 2025.

According to the communiqué at the end of the meeting, the total distributable revenue for April 2025 consisted of statutory revenue amounting to N962.882 billion, Value Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) revenue of N38.862 billion, and Exchange Difference of N81.407 billion.

The Federal Government received a total of N565.307 billion from the allocation while the State Governments collectively received N556.741 billion. 

The Local Government Councils were allocated N406.627 billion, and an additional N152.553 billion was distributed to oil-producing states as 13 percent derivation from mineral revenue.

FAAC reported that a gross total revenue of N2.848 trillion was available in the month of April. However, deductions were made amounting to N101.051 billion for cost of revenue collection and N1.066 trillion for statutory transfers, refunds, interventions, and savings.

The gross statutory revenue for April stood at N2.084 trillion, which represents an increase of N365.595 billion over the N1.718 trillion recorded in March. Similarly, gross VAT revenue rose slightly to N642.265 billion in April, compared to N637.618 billion in the preceding month, reflecting a growth of N4.647 billion.

Breakdown of the N962.882 billion distributable statutory revenue shows the Federal Government receiving N431.307 billion, States N218.765 billion, and Local Government Councils N168.659 billion. From this amount, N144.151 billion was shared as 13 percent derivation to oil-producing states.

In terms of VAT, the Federal Government got N89.712 billion, the States received N299.039 billion, and the Local Government Councils received N209.327 billion from the N598.077 billion pool.

Revenue from the Electronic Money Transfer Levy (EMTL), which totaled N38.862 billion, was distributed with the Federal Government receiving N5.829 billion, States N19.431 billion, and Local Governments N13.602 billion.

Also, from the N81.407 billion realised as Exchange Difference, the Federal Government received N38.459 billion, the States N19.507 billion, and Local Government Councils N15.039 billion. In addition, N8.402 billion from this category was shared as 13 percent derivation to eligible states.

FAAC further disclosed that there were significant increases in revenue from Petroleum Profit Tax (PPT), Oil and Gas Royalties, VAT, EMTL, Excise Duty, Import Duty, and CET Levies during the period under review. However, revenue from Companies Income Tax (CIT) recorded a considerable decline.

The April 2025 revenue performance reflects continued volatility in the federation’s income sources, even as government efforts to improve non-oil revenue generation appear to be yielding positive results.

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