The issue of Nigerian Financial Intelligence Unit guidelines on Local Government Funds tops agenda as the Governors of the 36 States of the Federation meet.
The NFIU had in May stopped the governors from tampering with the monthly allocations of the local government areas in their states. The NFIU had also placed a limit on cash withdrawals from local governments accounts to a maximum of N500,000 per day. It had warned banks to ensure strict compliance.
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