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RMAFC Targets N100Bn from Probe of Stamp Duties Collection

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Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has said it expects to recover more than N100 billion from the probe of banks over stamp duties collection.

 

A statement by Mr Ibrahim Mohammed, the commission’s spokesperson, said the probe would involve a forensic investigation of the funds that had so far been collected as stamp duty by 22 Deposit Money Banks (DMB) from 2000 to 2018.

 

According to him, RMAFC is the only constitutional body vested with the powers to monitor all revenue accrual into the Federation Account.

 

“To this end, the commercial banks had been deducting the sum of N50 on every deposit with a value of N1,000 and above since January 2000.

 

“At the moment, the total sum of N33 billion had been realised through the collection of stamp duties which falls far below the expectation of stakeholders.

 

“It is expected that at the end of the exercise, over N100 billion would be recovered,” he said.

 

Mohammed added that the commission had concluded arrangements to engage the services of reputable forensic audit firms to carry out the probe.

 

He said that the probe would be comprehensive as it would cover the affixed stamp used on cheque books prior to the introduction of electronic transactions.

 

He also said that if the Nigerian Postal Service (NIPOST), was properly repositioned through appropriate legal and regulatory framework, and the introduction of appropriate technology, the agency could generate over N500 billion.

 

“Therefore, the commission is using this medium to appeal to the National Assembly and the Federal Government to initiate measures for the amendment of the NIPOST Act to enable it to expand the economy and attract more revenue to the federation,” he said.

 

Mohammed said that in a similar development, RMAFC had also embarked on the reconciliation exercise of signature bonuses and other miscellaneous revenues from the oil and gas industry to enable the commission engage other stakeholders.

 

This, he said, was with a view to reducing revenue leakages and enhance remittance into the federation account.

 

He added that the commission, therefore, seeks the support of stakeholders, especially the Department of Petroleum Resources (DPR), the Federal Inland Revenue Services (FIRS) and the Central Bank of Nigeria (CBN) to enable it succeed in the exercise.

 

RMAFC was established to monitor accrual into and disbursement of revenue from the Federation Account, review from time to time, the revenue allocation formula and principles in operation to ensure conformity with changing realities

 


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Meta Faces Lawsuit for Alleged Hiring Bias

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A federal judge ruled on Tuesday that Meta Platforms must face a lawsuit alleging that the parent company of Facebook and Instagram prefers hiring foreign workers to pay them less than American workers.

Meta Faces Lawsuit for Alleged Hiring Bias

U.S. Magistrate Judge Laurel Beeler in San Francisco stated that three U.S. citizens who accused Meta of refusing to hire them despite their qualifications may proceed with a proposed class action.

The plaintiffs—information technology worker Purushothaman Rajaram and software engineer Ekta Bhatia, both naturalised U.S. citizens, and data scientist Qun Wang—claimed they applied for several Meta jobs between 2020 and 2024 but were rejected due to Meta’s “systematic preference” for visa holders.

Meta, in a statement, called the allegations baseless and vowed to vigorously defend itself.

In seeking dismissal, the Menlo Park, California-based company argued there was no proof of discriminatory intent or that the plaintiffs would have been hired if they were not U.S. citizens.

However, Judge Beeler cited statistics showing that 15% of Meta’s U.S. workforce holds H-1B visas, compared to 0.5% of the overall workforce.

She also referenced Meta’s October 2021 agreement to pay up to $14.25 million, including a civil fine, to settle federal claims that it routinely refused to consider American workers for jobs reserved for temporary visa holders.

“These allegations support the plaintiffs’ overall complaint that they were not hired because Meta favours H-1B visa holders,” Beeler wrote.

The government had sued Meta in December 2020, seven weeks before President Donald Trump ended his first White House term.

Daniel Low, a lawyer for the plaintiffs, expressed hope that the lawsuit would address the favouritism towards visa workers prevalent in the tech industry, stating that fully addressing the issue would require additional enforcement or legislative reform.

Beeler had dismissed an earlier version of the lawsuit, which named only Rajaram as a plaintiff, in November 2022.

A divided federal appeals court revived the case last June, citing a Civil War-era law, Section 1981 of the Civil Rights Act of 1866, which bars discrimination in contracts based on “alienage” and protects U.S. citizens from bias.

Many conservative groups have used this law to challenge workplace diversity initiatives, which Trump also opposes.

The case is Rajaram et al. v. Meta Platforms Inc., U.S. District Court, Northern District of California, No. 22-02920.


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Mysterious Illness Kills 50 People within Hours of Symptoms, Doctors Raise Alarm

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A mysterious illness killed more than 50 people in the Democratic Republic of Congo (DRC), with most victims dying within 48 hours of showing symptoms, health officials have reported.

Mysterious Illness Kills 50 People within Hours of Symptoms, Doctors Raise Alarm

Pic Credit: Daily Sabah

The outbreak, first reported on January 21, has resulted in 419 cases and 53 deaths.

The World Health Organization (WHO) has classified it as a significant public health threat, citing concerns over its rapid progression and fatality rate.

Suspected origin and early cases

Authorities believe the outbreak started in the town of Boloko, where three children reportedly ate a dead bat.

The children developed severe symptoms and died within two days.

Medical experts suspect the illness is a form of hemorrhagic fever, which can cause fever, internal bleeding, headaches, and joint pain.

“That’s what’s really worrying,” said Serge Ngalebato, medical director of Bikoro Hospital in the DRC, referring to the disease’s speed and severity.

Ebola, one of the most well-known hemorrhagic fevers, has not been detected in this outbreak, according to initial testing.

A second wave of cases emerged in the town of Bomate on Feb. 9. Authorities have tested samples from 13 patients, all of which returned negative results for Ebola and Marburg virus.

However, some samples tested positive for malaria.

The WHO reported that the fatality rate of the illness is 12.3%, significantly higher than the early fatality rate of COVID-19.

Experts warn that the outbreak could spread further due to the region’s remote location and fragile healthcare system.

 

 

 

 

 

 

 

 


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NPC Warns Nigerians to Beware of Fake Recruitment Website

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National Population Commission (NPC), has alerted the public to a fraudulent website https://npc-career.allprogram.site/job created by individuals with malicious intent.

NPC Warns Nigerians to Beware of Fake Recruitment Website

Erelu Taibat Yemi Oloruntoba, director, Public Affairs, NPC, said in a statement that the fake site falsely claims to facilitate recruitment for the 2025 Population and Housing Census, aiming to defraud unsuspecting citizens.

“We want to state unequivocally that the Commission is not currently conducting any recruitment for Ad-hoc staff related to the upcoming census. President Bola Ahmed Tinubu, GCFR, has stated that a committee will be established to align the census budget with the government’s present financial situation before issuing a proclamation for the conduct of the upcoming biometric Population and Housing Census,” the statement outlined.

It, therefore, warned Nigerians to be aware that when there is a date for the census and it becomes necessary for the commission to recruit ad hoc staff for the exercise, it will be officially announced through national media outlets, as well as the NPC’s verified social media platforms and website.

It urged the general public to disregard the fake website and its misleading information to avoid falling victim to scams.

The statement avowed that NPC is actively investigating the creators of this fake website, adding, “we encourage everyone to seek accurate information regarding the NPC’s activities from our official social media handles and website.”

According to the statement, NPC is committed to keeping the public informed about developments concerning the first biometric Population and Housing Census in Nigeria.

“We appreciate your support in ensuring a successful census exercise,” the statement said.


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