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RMAFC denies increasing salaries of President, VP, others

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2 years ago

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Mohammed Shehu, chairman, Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC)

RMAFC denies increasing salaries of President, VP, others

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has denied media reports that it had approved increase in the salaries of political office holders, judicial and public office holders by 114 per cent.

The RMAFC Public Relations Officer, Christian Nwachukwu, gave the clarification in an interview with LEADERSHIP newspaper.

He said President Bola Tinubu had not given approval for the proposed increase in salaries of public servants.

Rakiya Tanko-Ayuba, a Federal Commissioner in the Commission, had made the salary increment remark when she represented RMAFC Chairman, Mohammad Shehu, at the presentation of the reports of the reviewed remuneration package to Kebbi State Governor, Nasir Idris, in Birnin Kebbi, on Tuesday.

Tanko-Ayuba reportedly said that implementation of the reviewed remuneration packages was effective from January 1, 2023, a claim that has been strongly denied by the Commission’s spokesman.

“Not my chairman. Not my chairman. My chairman has never made any statement on it. And I have not made any statement on it. No statement from chairman, no statement from me. So, I don’t know. I heard one of the Commissioners said it. I don’t want to be quoted,” the RMAFC spokesperson told our Correspondent while denying the Commissioner’s assertion.

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“No approval yet. There is no approval yet. I don’t know the source of that story. Everything is under the process. It has to come as a Bill for Mr President to assent.

“The President has not given assent. Until the President gives assent, you cannot take it as if it has taken effect. You know that. You are a journalist.

“I don’t want to be quoted wrongly. The President has not given assent to it. It is still under the process,” Nwachukwu said over a phone chat with this writer.

Asked if the National Assembly has begun work on the proposal, he said: “it will be sent to National Assembly. Whichever way, whether it has been sent or not, the President has not assented to it. All those legislative process has to be completed; finally, it will land on Mr President’s table for assent. That has not been completed.”

When our correspondent asked if that means that the story making the rounds on salary increment was not true, Nwachukwu said: “just take it the way you understand it so that you don’t quote me anyhow.”

Asked whether the RMAFC has sent the executive bill through FEC to the National Assembly for deliberation, Nwachukwu simply said: “everything is under the process.”

RMAFC denies increasing salaries of President, VP, others

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Four Nigerian students arrested after drug ring bust in India

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9 hours ago

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April 1, 2025

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Four Nigerian students arrested after drug ring bust in India

The India’s Narcotics Control Bureau (NCB), along with Delhi Police, busted a drug cartel, arrested five suspects including four foreign students from an “influential Nigerian family” and seized MDMA, high-quality crystal meth and Afghan heroin worth Rs 27 crore.

The raid was conducted in the Chattarpur area of Delhi on Monday, March 31, 2025.

Announcing the seizure in a statement on the social media platform X,  Union Home Minister, Amit Shah praised the agencies, saying, “Our relentless hunt against the illicit trade continues.”

According to officials, the NCB and the Delhi Police’s Special Cell traced the source of the drugs to a rented accommodation of an African national, where the MDMA was being synthesised.

Five, including four African nationals belonging to an influential family of Nigeria, have been arrested, a senior MHA official said.

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Acting on inputs about a high-quality methamphetamine transaction in Chhatarpur area, a joint team of NCB and the Special Cell intercepted a vehicle carrying 5.103 kg of crystal methamphetamine, valued at Rs 10.2 crore.

Questioning of the accused and technical tracking led them to an ‘African Kitchen’ in West Delhi’s Tilak Nagar, identified as the source of the contraband.

From this location, 1.156 kgs of crystal methamphetamine, 4.142 kgs of Afghan heroin, and 5.776 kgs of MDMA (Ecstasy pills) have been recovered, officials said.

Further probe led to a follow-up search at a rented apartment in Greater Noida from where 389 grams of Afghan heroin and 26 grams of cocaine have been recovered.

According to the officials, the accused are students of private universities in NCR and Punjab. Besides drugs, they are also suspected to be involved in cryptocurrency trade.

Four Nigerian students arrested after drug ring bust in India

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Ponzi schemes promoters in Nigeria now face 10 years jail

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9 hours ago

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April 1, 2025

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Ponzi schemes promoters in Nigeria now face 10 years jail

The Securities and Exchange Commission, SEC, has warned that promoters and operators of any Ponzi Scheme in the country risk a penalty of not less than N20 million or imprisonment to a term of 10 years or both, upon conviction as prescribed by the provisions of the newly signed Investments and Securities Act 2025.

The SEC’s Director-General, Dr. Emomotimi Agama who stated this in Abuja, said the goal of the new legislation is to strengthen the legal framework governing Nigeria’s capital market, better protect investors, and introduce reforms that will promote market integrity, transparency, and sustainable growth.

He explained that previously, the SEC lacked the legal power to prosecute Ponzi scheme operators, which made it difficult to bring offenders to justice.

However, under the new law, those convicted of operating Ponzi schemes face a jail term of 10 years or more. “With the new law, they now face a 10-year jail term and beyond,” he said.

He further explained that the Act stipulates a minimum fine of N10 million for anyone operating a Ponzi scheme in Nigeria.

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“So, N10 million is not the entire penalty or the entire money that will be charged or sanctioned to any suspecting or any accused capital market or non-capital market operator. It is just part of the penalties and or the sanctions that will be meted against such persons,” Agama explained.

The SEC Director-General also said that sanctions will include “disgorgement,” meaning that any profits or gains obtained from defrauding Nigerians will be recovered adding “It is not about the quantum of the fraud, it is about sanctions that would deter people from even getting into it”.

Also, Agama said the new ISA has also provided the SEC with the power to be able to obtain and request telephone conversations and all other conversations that are required to Prosecute Ponzi operators.

“We recognize that a lot of Nigerians have fallen prey to these sponsor schemes and the reason why that is the case is because there were no sanctions. You know enough to deter them from doing this so what this Act has done is to introduce measures for Ponzi scheme operators and intending Ponzi scheme operators not to be able to do this again against the wish and will of Nigerians.

“Protecting the investors in Nigeria is a cardinal responsibility of the SEC and this law has provided the SEC with stronger powers to be able to do that. This law has also been able to provide the SEC with the power to be able to search phones and get phone records for people who are interested in dealing with Nigerians or interested in duping Nigerians. We are able to get these records and quickly provide enforcement actions for the people that are involved so for us it is limitless,” he added.

Ponzi schemes promoters in Nigeria now face 10 years jail

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Kogi LG imposes curfew ahead of Natasha’s homecoming event

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10 hours ago

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April 1, 2025

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Senator Natasha Akpoti-Uduaghan

Kogi LG imposes curfew ahead of Natasha’s homecoming event

The Chairman of Okehi Local Government Area, Kogi State, Amoka Monday, has imposed a curfew across the council.

Monday cited security concerns following the ban on political rallies and unauthorised public gatherings.

In a statement he signed on Monday, he explained that the curfew was necessary to ensure peace and order in line with directives from the Kogi State Government and Commissioner of Police.

He noted that anyone found loitering or assembling in restricted zones without clearance from the relevant authorities will be arrested and prosecuted.

According to him: “The curfew, which takes immediate effect, restricts movement and gatherings in designated areas.

“Anyone found loitering or assembling in restricted zones without clearance from the relevant authorities will be arrested and prosecuted.

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“The safety of our people is paramount. We will not allow any situation that could jeopardise the peace and stability of our communities.”

The chairman emphasized that the curfew was a proactive step to prevent any potential security threats.

He reassured residents that the local government administration was working closely with security agencies to monitor the situation and take necessary measures to maintain law and order.

The curfew and the ban on political rallies are part of the Kogi State Government’s broader efforts to preserve peace, curb misinformation, and ensure that public gatherings adhere to legal guidelines.

Residents have been urged to comply with the directive and cooperate with security agencies to safeguard lives and property.

The administration also appealed for calm, encouraging the public to go about their daily activities within the confines of the law.

Kogi LG imposes curfew ahead of Natasha’s homecoming event

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