Sentences with phrase «of federation account»

No all south east people are saying is that we won't be taking part in the repayment processes if we don't benefit from the said loan in fact Ndigbo must learn to quantify the exact amount spent on our roads, rails and other infrastructural projects so that the corresponding amount will be deducted from our own share of the federation account

For the purpose of uniformity, accountability and transparency, members from Revenue Mobilisation Allocation and Fiscal Commission who have representatives from every state of the federation were recommended, as umpires and arbiters of the Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation Committee.

Not exact matches

The Federation of the Swiss Watch Industry, which accounts for nearly the entire luxury timekeeping market, reported that exports plummeted 26.4 % during the first six months of the year, contributing to a loss of more than US$ 2 billion.

For all the talk of EMC Federation companies being able to sell both with each other and against each other, it's hard to see how this will work in the field given that Team EMC faces prodigious competition from Amazon (AMZN) Web Services and Microsoft (MSFT) for these accounts.

More than 80 percent of the Brazilian adult population now has a bank account, and last year the local payment method Boleto Bancário, which is regulated by the Brazilian Federation of Banks, was the second most used payment method.

Beyond disclosure, «the biggest impact could be in requiring advisers to take costs into account when they make recommendations,» says Barbara Roper, director of investor protection for the Consumer Federation of America.

She is currently co-chairwoman of the STEP Swiss & Liechtenstein Federation and has qualifications in company law and practice, international trust management, trust administration and accounts, and trust creation.

SAN FRANCISCO - The International Wine Industry Greenhouse Gas Accounting Protocol, developed through a partnership between the Wine Institute of California, New Zealand Winegrowers, South Africa's Integrated Production of Wine program, and the Winemakers» Federation of Australia, will soon be released for use by the global wine industry.

The International Wine Industry Greenhouse Gas Accounting Protocol, developed through a partnership between the Wine Institute of California, New Zealand Winegrowers, South Africa's Integrated Production of Wine program, and the Winemakers» Federation of Australia, will soon be released for use by the global wine industry.

Type 2 diabetes accounts for around 90 percent of all diabetes cases, according to the International Diabetes Federation, and often affects overweight people.

He added that the situation is so bad that what the Federal government used to take from the federation accounts as its own monthly revenue about 18 months ago is even more than what is being shared by the three tiers of government.

He held that Osun was receiving negative monthly allocations from the Federation Account during the period, saying what hit Nigeria during this period was the equivalent of economic natural disaster and Osun was not alone.

Of the receipts, $ 610 million was remitted to the federation account, while the balance of $ 3.09 billion was used to fund joint venture cash calls for that perioOf the receipts, $ 610 million was remitted to the federation account, while the balance of $ 3.09 billion was used to fund joint venture cash calls for that perioof $ 3.09 billion was used to fund joint venture cash calls for that period.

The 1999 Constitution provides for the establishment by each state of the said account into which shall be paid all revenues due to local governments of that state from the Federation Account and from the state goveaccount into which shall be paid all revenues due to local governments of that state from the Federation Account and from the state goveAccount and from the state government.

And to add to the injury some of your councils» allocations, from the federation account, were arbitrarily deducted in the name of joint account.

It is therefore, illegal and unconstitutional to deduct LGC's allocations from Federation Account to finance newly created community centres in the name of LGC or to finance state programmes and projects.

He is from Etsako - West and for the sake of what he has said, in December 2014, Etsako West from the Federation Account, got N116, 650,941, January 2015, had N126, 713,371, January — September 2015, the council should have gotten N925, 967,395.

For instance, this year's benchmark for the federal budget is $ 42 but oil now goes for over $ 70 per barrel and instead of paying all the revenues to the Federation Account, the FG still operates an Excess Crude Oil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he said.

The report stated: «The Federation Account Allocation Committee, FAAC, disbursed N467.85 billion to the three tiers of government in August 2017 from the revenue generated in July 2017.

'' I have seen in Governor Aregbesola a rare determination to bring much out of little, that is why Osun is progressing even with little resources and meagre allocation from the federation account.

With a projected revenue of N3.86 trillion in the face of dwindling crude oil receipts, government estimates that oil revenues contribute N820 billion of the total revenue; non-oil revenues, comprising Company Income Tax, CIT, Value Added Tax, VAT, Customs and Excise duties, and Federation Account levies, are expected to contribute N1.45 trillion; while independent revenues are expected to contribute N1.51 trillion through the enforcement of the Fiscal Responsibility Act, 2007 and public expenditure reforms in all MDAs.

National Bureau of Statistics, NBS, yesterday, disclosed that the Federation Account Allocation Committee, FAAC, shared N467.85 billion among the three tiers of government in August 2017.

If we were federal, and needed no restructuring, why do the 36 State Commissioners of Finance in Nigeria congregate in Abuja at the end of every month in the ritual (like witches and wizards in a coven) of sharing allocations from the Federation Account under section 162 of the 1999 Constitution?

Without that immediate, and highly plausible, rebuttal, plebgate snowballed into a full scale scandal spawning a resignation, the revelation of a fake eyewitness account, arrests, inquiries, a Channel 4 documentary, a Scotland Yard investigation and demonstrations at the Tory Party conference, and involved the DPP, the CPS, the IPCC, the Diplomatic Protection Group, ACPO and the Police Federation, as well as drawing in all the party leaders, the home secretary and countless MPs.

Today's joint announcement by Mayor de Blasio and Comptroller Stringer clarifies a City budget accounting question regarding an obligation the City incurred in connection with the recent labor settlement with the United Federation of Teachers.

According to Shehu, it is the right of citizens to demand the judicious use of the Ecological Fund, which is distributed among the three tiers of government from the Federation Account.

The government attributed the development to the shortfall in revenues from the federation account and the reduction in its production quota of crude oil.

While presenting the income and expenditure profile for the month of November, the deputy governor said that the state received N11.6 bn as gross inflow from the federation account.

«In one year, Ekiti State can not get N35.5 billion as share from the federation account and the question is; of what benefit will the N35.5 billion be for the people of Ekiti?

Youths in Igbara Odo, alleged to be officials and members of Federation of Igbara Oke Students Union (FISU) had attacked the palace of the Arajaka of Igbara Odo, on Friday, claiming that he had not properly accounted for the money raised in their community celebration.

The senior advocate said the Socio Economic Rights and Accountability Project had approached a Federal High Court to compel the Office of the Accountant - General of the Federation to account for the recovered funds but that despite getting the court order, the OAGF refused to provide the information.

The Economic Confidential has been at the forefront of dishing out Federation Account allocations figures of all tiers of government for the benefit of Nigerians in the last decade.

He said: «Among others, the meeting agreed that 30 Ministries, Departments and Agencies (MDA) that the Office of the Accountant General of the Federation reported having cleared their allowances, amounting to N1.165 billion should start to receive credit of payment to their account bySeptember 20, 2017.

We must not ignore the commitment and relentless efforts of Governor Shettima, who is pumping large chunk of state's share from the Federation Account to address the security challenges, the plight of Internally Displaced Persons (IDPs) as well as the rehabilitation and reconstruction of infrastructure destroyed by the terrorists in the state (Link: https://goo.gl/P6n5XH).

The latest Annual States Viability Index (ASVI), published by the Economic Confidential, an economic intelligence magazine, indicated that Borno State can not survive on its internally generated revenue (IGR) without the free flow of revenue from the Federation Account and supports from other states like the recent donations by Northern governors (https://goo.gl/ZugR6M).

Council received the final report on the Forensic Audit of Revenue Accrued from Revenue Generating Agencies (RGAs) into Federation Account (FA), Excess Crude Account (ECA) and Consolidated Revenue Fund (CRF).

«The President, Vice President, Governor, Deputy Governor, Ministers of the Government of the Federation and Commissioners of the Governments of the States, Members of the National Assembly and of the Houses of Assembly of the States, and such other public officers or persons as the National Assembly may by law prescribe shall not maintain or operate any bank account in any country outside Nigeria»

Meanwhile, the Economic Confidential which has been publishing the monthly Federation Account Allocation figures in the print edition of the magazine since January 2007, has commenced the publication of the monthly allocation in its online version

Hence, revenue inflow from the Federation Account will still contribute the larger portion of the total collectible revenue for the state».

The Governor comparing the present situation when Osun collected N55.8 million to 2013 when the average money distributed to states from the federation accounts was in excess of N800 billion, said Osun's average allocation then was N3.6 billion.

This was revealed in its October 2015, Financial and Operations Report, posted on its website yesterday where it noted that: «the sum of N872.90 billion for Domestic Crude Oil & Gas and other receipts have been paid to the Federation Account from January to October 2015.»

A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.8 trillion from the Federation Account in the one year of President Muhammadu Buhari's administration.

Of the total receipts, according to NNPC, the sum of $ 0.61 billion was remitted to the Federation Account while the balance of $ 3.53 billion was used to fund the JV cash call for the perioOf the total receipts, according to NNPC, the sum of $ 0.61 billion was remitted to the Federation Account while the balance of $ 3.53 billion was used to fund the JV cash call for the perioof $ 0.61 billion was remitted to the Federation Account while the balance of $ 3.53 billion was used to fund the JV cash call for the perioof $ 3.53 billion was used to fund the JV cash call for the period.

«Alternatively, we demand that salaries of primary school teachers be paid through the Universal Basic Education Commission from first line charge from the federation account,» they added.

Ambode said that «Governors are the owners of the land in their states but underneath the land and even inside the water, the Federal Government is structured in a way that it controls those potentials adding that In a situation where the states are being spoon - fed, because I call the federation account more or less like spoon - feeding.

«To mitigate this effect, NNPC was compelled to sweep all the export receipt to JV cash call funding implying a zero remittance to Federation Account since the month of April 2015.»

The governor challenged the President to tell Nigerians how much was returned and the looters who returned the stolen funds, adding that «Since the purported looted funds belong to the Federal Republic of Nigeria, it ought to have been paid into the Federation Account and shared by the Federal, State and Local Government.»

In their demands, the teachers were also asking for the upward review of state allocation from the federation account to guarantee uninterrupted primary education in the country.

Sixteen local government chairmen in Ekiti State have sued the Attorney General of the Federation and governors of the 36 states over the approval of $ 1billion from the Excess Crude Account of the federation for the fight against iFederation and governors of the 36 states over the approval of $ 1billion from the Excess Crude Account of the federation for the fight against ifederation for the fight against insurgency.

The estimated revenue of N81.666 billion according to him consists of N32.181 billion from internal sources; N35.3 billion as the state's share from the Federation Account; N8.08 billion from Value Added Tax (VAT), N2.2 billion from Exchange Differentials and N3.8 billion from Budget Augmentation.