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NNPC to deduct N215bn from FAAC remittance in September

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The Nigerian National Petroleum Corporation (NNPC) says it will deduct a total sum of N215.32 billion from its remittance to the Federation Account and Allocation Committee (FAAC) in September 2021.

This is contained in a document presented by NNPC at a two-day FAAC meeting.

 

NNPC explained that the FAAC remittance deductions is a combination of a N175.32 billion value shortfall and N40 billion joint venture (JV) cost recovery.

 

In recent months the national oil company has made deductions from its contributions to the federation.

The corporation deducted N170.4 billion in August, N114.3 billion in July; and about N126 billion in June from its FAAC remittance.

 

“Out of the value shortfall of N143,286,281,752.62, the sum of N103,286,281,752.62 was applied on the Gross Domestic receipts before arriving at the net receipt of N67.28bn in order to make funds available for JV cost recovery to sustain the existing production level,” the document reads.

 

“The July, 2021 value shortfall of N175,317,701,294.80 & outstanding balance of N40,000,000,000.00 will be deductible from the August, 2021 proceeds due for sharing at the September, 2021 FAAC meeting.”

The document showed that between January and August, NNPC made a contribution of N349.25 billion to the federal, state and local governments with a deficit of N1.12 trillion.

 

A breakdown of the FAAC remittances includes N90.86 billion in January; N64.16 billion in February; N41.18 billion in March; N38.61 billion in May; N47.16 billion in June and N67.28 billion in July.

 

However, zero contributions were made in April which the NNPC noted that it was necessary to ensure the continuous supply of petroleum products to the nation and guarantee energy security.

 

Furthermore, the corporation said: “The overall NNPC Crude Oil lifting of 8.66 million barrels (Mbbls) (Export & Domestic Crude) in June 2021 recorded 19.84% decrease relative to the 11.58Mbbls lifted in May 2021.

“Nigeria maintained 1.554 Million barrels per day (bpd) OPEC Production cut in June 2021; Crude Oil export revenue received in July 2021 amounted to $12.95 million equivalent to N4.97 billion; while Domestic Gas receipts in the month was N6.8 billion”.

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Nigerians To Pay More For Beverages, Sweetened Drinks As FG Enforces Sugar Tax

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The Federal Government has commenced the implementation of the N10 per litre sugar tax on carbonated sugar drinks and beverages.

According to the Chief Superintendent of Customs, Department of Excise, Free Trade Zone and Industrial Incentives, Dennis Ituma, the tax would help combat Non-communicable Diseases (NCDs).

He spoke at a Policy Breakfast Meeting which held in Abuja this weekend.

The event was organised by the National Action on Sugar Reduction (NASR) to proffer ways to implement tax and other interventions to reduce consumption of Sugar-Sweetened Beverages (SSBs) in Nigeria.

The implementation is coming despite pleas by the Manufacturers Association of Nigeria (MAN) and some related stakeholders who asked the government to halt the policy introduced in the Finance Act, signed into law by President Muhammadu Buhari on December 31, 2021.

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In a statement, the Coalition Representative of the 12-member NASR, Omei Bongos-Ikwue, quoted  the Customs official as saying the services had commenced.

“The N10 per litre of Sugar-Sweetened Beverages has been implemented on June 1, by July 21, all excise duties must have been collected and paid into the federation account. It should interest you that taxation on SSBs was a policy of the Federal Government in 1984 but was stopped in January 2009.

“Previously both SSBs, alcoholic drinks and tobacco were all taxed until 2009 when SSBs was removed from taxable beverages,” he said.

Members of the NASR are Diabetes Association of Nigeria, Nutrition Society of Nigeria, Nigeria Cancer Society, Breast Without Spot, Lafiya Wealth Initiative, TalkHealth9ja, Nigeria Health Watch, Project PINK BLUE, Sustainable Development Initiative, African Youth Initiative on Population, Health and Development (AfrYPoD), Bundies Care Initiative, and Nigerian Heart Foundation.

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Ekweremadu: Immigration says Ukpo birthday certificate shows he’s 21 not 15

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Birth certificate of Ekweremadu ‘kidney donor’ shows he’s 21, says immigration

The Nigeria Immigration Service says David Ukpo, the “kidney donor” at the centre of the organ harvesting allegation against Ike Ekweremadu, is 21 years old — not 15.

Spokesman for the NIS, Amos Okpu, disclosed this in a statement released on Sunday.

Okpu said the birth certificate presented by Ukpo during his international passport registration showed that he is 21 years old.

Ekweremadu and his wife, Beatrice, were arrested last Thursday and arraigned in court for allegedly bringing a child to the UK for organ harvesting.

They were subsequently remanded in custody till July 7 while investigations are still ongoing.

The senator had written to the UK high commission to support a visa application of a “donor”.

Although the UK police said the donor was 15, Ukpo was listed as 21 years old on his international passport and the Bank Verification Number (BVN) portal.

The immigration spokesman said the birth certificate issued by the National Population Commission (NPC) and the national identity number (NIN) slip presented by Ukpo indicated that he is 21.

He explained that Ukpo’s date of birth was listed as October 12, 2000 — meaning he will be 22 years old in October 2022.

“The facts of the matter concerning the case above, therefore, are that the said Mr David Ukpo Nwamina applied and paid for the enhanced standard passport using the NIS portal after which he approached the Gwagwalada Passport Office, FCT Abuja, on the 2nd November 2021 for his interview,” the statement reads.

“To support his application, Mr. Nwamina presented all the necessary documents required, including his National Population Commission (NPC) issued Birth Certificate, showing 12 October, 2000, as his date of birth; his National Identity Number (NIN) corroborating the date of birth on his birth certificate, issued by NIMC; a letter of introduction issued by Ebonyi State Government Liaison Office situated at Maitama District Abuja, and a Guarantor’s form duly signed by one Mr. Uchechukwu Chukwuma Ogbonno.
“In view of the above, the general public may wish to be informed that the date of birth, or any other information for that matter, on any Nigerian passport is printed on the document only after a thorough vetting process that involves both physical and forensic examination of the applicant’s breeder documents. Mr. Nwamina’s case, therefore, was not different.”

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South African police investigate death of 20 in nightclub 

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South African police are investigating the deaths of at least 20 people at a nightclub in the coastal town of East London early Sunday morning.

According to AP, it is unclear what led to the deaths of the young people, who were reportedly attending a party to celebrate the end of winter school exams.

Local newspaper Daily Dispatch reported that bodies were strewn across tables and chairs without any visible signs of injuries.

“At this point we cannot confirm the cause of death,” said health department spokesperson Siyanda Manana.

“We are going to conduct autopsies as soon as possible to establish the probable cause of death. The deceased have been taken to state mortuaries,” Manana added.

The owner of the club, Siyakhangela Ndevu, told local broadcaster eNCA that he had been called to the scene early Sunday morning.

“I am still uncertain about what really happened, but when I was called in the morning I was told the place was too full and that some people were trying to force their way into the tavern,” he said.

“However, we will hear what the police say about the cause of death,” Ndevu added.

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