FAAC Allocations Rise 149% To N13.7trn In 7 Months

The Federation Account Allocations Committee (FAAC) disbursements to the Federal Government (FG), 36 states and 774 local governments (LG) rose by 149.4 percent year-on-year (YoY) to N13.72 trillion in the first seven months (January to July) of 2024, 7M ’24, from N5.5 trillion in the corresponding period of 2023. Details of data from the National…

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EXCLUSIVE: President Tinubu Gives More Powers To Ministers Of State, Grants Full Oversight Over Agencies

President Bola Tinubu has approved that ministers of state be given full powers to supervise the agencies under them, TheCable can report. Until now, files pertaining to departments and agencies under their supervision were sent by their permanent secretaries to the senior ministers. With the new dispensation, ministers of state can now grant all necessary…

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EFCC Detains ‘Internet Fraudster’ For ‘k¡lling Operative’ In Anambra

A suspected internet fraudster, who allegedly killed an operative of the Economic and Financial Crimes Commission (EFCC) during an arrest operation in Anambra, has been detained, TheCable reports. An official of the anti-graft agency told TheCable that the suspect opened fire on the EFCC operatives during an operation on Friday, killing an operative in the…

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#EndBadGovernance: Security Operatives Arrest Journalist, Protesters In Abuja

Security operatives have arrested a freelance journalist, Ayoola Babalola, covering the ongoing #EndBadGovernance protest, alongside an unconfirmed number of protesters in Abuja, the Federal Capital Territory (FCT). Babalola, in a post on his WhatsApp status, disclosed his arrest on Saturday afternoon. GISTSMATE MEDIA reports that security operatives suspected to be men of the Department of…

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