Shockwaves are reverberating across Yorùbáland and the global Yorùbá diaspora following the sudden death of the Baba Ọba (King’s Father) of the famed Oyotunji African Village in South Carolina, USA. The late Baba Ọba, Lukman Arohunfale, a revered socialite and traditionalist, passed away under circumstances already sparking fierce controversy. His death comes just days after he publicly accused the newly installed Alaafin of Oyo, His Imperial Majesty Oba Akeem Adéyẹmọ Owoade, of allegedly ordering his courtiers to beat him mercilessly during a recent courtesy visit to the Oyo palace in Nigeria. In a widely circulated voice recording, the deceased recounted how what was meant to be a simple homage turned violent. Although the Baba Ọba had reportedly battled ill health in the past year, growing insinuations suggest that the alleged physical assault may have aggravated his condition, ultimately leading to his untimely death. The palace in Oyo recently denied that s...
The Federation Accounts Allocation Committee (FAAC), has shared a total sum of N682.06 billion as a federation allocation for the month of August. This was revealed during a virtual meeting chaired by the Perm. Secretary, Federal Ministry of Finance, Budget and National Planning, Mahmoud Isa-Dutse. According to a communique shared on Thursday, the amount, inclusive of Value Added Tax, was shared among the three tiers of government. It indicated that from the total distributable revenue of N682.060 billion; the federal government received N272.905 billion, the state governments received N197.648 billion and the local government councils received N147.422 billion. The oil-producing states received N30.881 billion as 13 percent derivation revenue, while the cost of revenue collection and transfers collectively had an allocation of N33.205 billion. The federal government received N251.948 billion from the gross statutory revenue of N531.830 billion; the state governments received N 127.791 billion and the local government councils received N98.522 billion. N30.881 billion was given to the relevant states as a 13 percent derivation revenue and N22.689 billion was the collective total for the cost of revenue collection, transfers, and refund to agencies. The federal government received N20.957 billion from the Value Added Tax (VAT) revenue of N150.230 billion. The state governments received N69.857billion; the local government councils received N48.900 billion, while the cost of revenue collection and transfers collectively had an allocation of N10.516 billion.
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