Local Governments: Mixed Feelings As Governors Barred From Accessing Funds - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
June 1, 2019
The Nigerian Financial IntelligenceUnit, NFIU has banned Governors from accessing funds meant for localgovernments.
NFIU says it has decided to upholdthe full provisions of Section 162 of the 1999 Constitution by ensuring that“State Joint Local Government Account shall be paid in, allocations to thelocal government councils of the state from the Federation Account and from thegovernment of the state.
Acting Chief Media Analyst of NFIU,Ahmed Dikko in a statement said that the enforcement of the guidelines issuedbased on the constitutional provision, is necessary to stimulate the reductionof crime vulnerabilities created by cash withdrawals from local governmentfunds across the country.
He said with effect from June 1,any bank that allows any transaction from any local government account withoutmonies first reaching a particular local government account will be sanctionedone hundred  per cent, locally and internationally.