News
FG Wins Case Against 36 State Governors Over Local Government Financial Autonomy
The Federal Government and the Nigerian Financial Intelligence Unit (NFIU) have won the case against the state governors over the financial autonomy for the Local Governments.
Justice Inyang Ekwo of the Federal High Court delivered the ruling on Monday in favour of the Federal Government.
The NFIU had in June 2019 issued guidelines aimed at curbing crime vulnerabilities created by cash withdrawals from local government accounts by various state governments.
The Nigerian Governors Forum sued the FG and NFIU for interfering with state government powers to initiate transactions on Local Government Joint accounts citing provisions of the 1999 constitution.
The NFIU later issued a guideline on money laundering risk and vulnerabilities advising all banks not to honour transactions from joint accounts.
It directed that the States/Local Governments Joint Accounts should only be used for receiving funds and subsequently transferring them to Local government accounts.
The guidelines also reduced cash withdrawal from local government accounts to five hundred thousand Naira daily.
Immediately after the guidelines came into place, most local governments across the country stopped facing challenges in the payment of staff salaries.
While reacting to the judgement, the Director/CEO of NFIU, Mr Modibbo Tukur said that the judgement is good because the Federal government is always ready to protect both states and local governments by making funds available for their governance responsibility.
He stressed that funds can now be decided on by local councils which can be channelled to improve local security.
The CEO of NFIU stated that “from this judgement and from today all transactions on Local Government funds will be disclosed to ICPC and EFCC 100% and will be reported continuously.”
-
Society News4 years agoJamaican man beheads wife after finding out their 6 kids are not his
-
Society News6 years agoEXCLUSIVE: The Complete Story of Dolapo Awosika, John Fashanu and Prophet Kasali Sex Mess
-
News5 years agoPastor Osagie Ize-Iyamu, His Membership Of Secret Cult, And Other Issues Touching On His Public Credentials Examined by Barr. PATRICK I. BIOSE
-
News5 years agoBREAKING: Ajimobi’s daughter-in-law blast Gov. Makinde, says gov can’t surpass ex-Oyo gov
-
News4 years agoBREAKING: 2 arrested as NAF begins investigations into Tolulope’s death
-
Crime5 years agoExclusive: Female Aide Fingered In Oko Oloyun’s Murder + Banking Transactions That Nailed Husband
-
News4 years agoBREAKING: Police take over Edo House of Assembly as APC, Oshiomhole move to seize control
-
Society News5 years agoThe Rise and Fall of “Jumoke The Bread Seller”
You must be logged in to post a comment Login