Nigerian Government Distributes N1.358 Trillion for July Amid Major Judicial Investigations

Financial distribution for July 2024, the Federation Account Allocation Committee (FAAC) allocated a total of N1.358 trillion to Nigeria’s federal, state, and local governments. This sum, derived from statutory revenue, Value Added Tax (VAT), and various levies, was shared among the different tiers of government, ensuring the smooth operation of the nation’s administrative machinery.

The Federal Government received N431.079 billion, while the states were allocated N473.477 billion. Local governments across the country were not left out, receiving N343.703 billion. This distribution comes as part of the total revenue available for the month, which stood at an impressive N2.6 trillion. However, deductions for collection costs and other transfers amounted to N1.155 trillion, leaving the Excess Crude Account with a balance of $473,754.5.

NJC Warns Oyo Judge, Investigates 27 Judges for Misconduct

In a parallel development, the National Judicial Council (NJC) has issued a stern warning to Justice O.M. Olagunju of the Oyo State High Court. This reprimand comes after Justice Olagunju used inappropriate language in a letter addressed to the outgoing Chief Justice of Nigeria, Olukayode Ariwoola. The NJC’s decision underscores its commitment to maintaining the highest standards of judicial conduct in the country.

Moreover, the NJC has launched investigations into 27 other judges over various allegations of judicial misconduct. While 18 of these petitions were dismissed for lack of merit, the NJC has formed four committees to probe the remaining cases thoroughly. Additionally, five judges have been placed on a pre-sanction watch list due to concerns over their performance.

President Tinubu Returns After Key Visit to Equatorial Guinea

President Bola Tinubu has returned to Nigeria after a three-day diplomatic visit to Equatorial Guinea, marking his 22nd international trip in just 15 months. During this visit, Tinubu and President Teodoro Mbasogo of Equatorial Guinea signed a pivotal agreement concerning the Gulf of Guinea Pipeline Project, which covers gas pipeline regulations and operations.

The visit also served as a platform for President Tinubu to address pressing issues such as employment, food security, and conflict resolution. He called on African leaders to address the root causes of skilled talent exodus by tackling tribalism, reforming judicial systems, and investing in research and development.

NAFDAC Shuts Down Illegal Alcohol Factory in Lagos, Seizes N200 Million Worth of Goods

In a major crackdown on illegal alcohol production, the National Agency for Food and Drug Administration and Control (NAFDAC) raided an illicit alcohol manufacturing facility in Lagos Island. The raid led to the arrest of three suspects and the seizure of goods valued at N200 million.

The operation uncovered makeshift factories in the Oke-Arin market, where various alcoholic beverages were being illegally produced, packaged, and distributed. Among the items seized were over 2,000 cartons of bottles, packaged drinks, and equipment used in the illegal operation. NAFDAC has since launched a comprehensive investigation and intends to prosecute the suspects involved. The agency also issued a public warning, urging consumers to be cautious when purchasing alcoholic beverages to avoid counterfeit products.