L G Financial Autonomy: Group Applauds NFIU

L G Financial Autonomy: Group Applauds NFIU

13.5.2019

L G Financial Autonomy: Group Applauds NFIU

Human and Environmental Development Agenda (HEDA Resource Centre) has praised the Nigeria Intelligence Financial Unit (NFIU) for its new enforcement regime aimed at preventing fraud, corruption, money laundering and abuse of the constitution at local government tiers across the country. The NFIU said it would now enforce legal provisions barring states from meddling in local […]

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New rules to protect local govt funds from governorsLocal governments financial autonomy is set for a major boost — courtesy of the Nigerian Financial Intelligence Unit (NFIU).....

NFIU bars direct transactions from state joint local government accounts – Daily TrustThe Nigerian Financial Intelligence Unit (NFIU) has barred banks from allowing transactions from State Joint Local Government Accounts... Good move, State governments are likely to challenge this Finally, Lagos shall be liberated If NGRSenate thought that they have crippled officialEFCC to some extent from carrying out its statutory functions by taking away the NFIU from its grip, now we can see that GOD Has opened up another blissful window. But if that's the intent, I then can say KUDOS to them.

NFIU: Governors may lose control of local government funds - The Nation NewspaperGovernors may lose control of local government funds from the Federation Account, going by the new Nigerian Financial Intelligence Unit (NFIU) guidelines. The Joint Account System in place in most states will only exist for the receipt of allocations but not disbursement, according to the guidelines. Besides, each of the 774 local government areas may … It would have been done since yesterday.

Governors’ Access To LG FundsRecently, Nigeria Financial Intelligence Unit (NFIU) took some steps aimed at stopping state governments, banks and other financial institutions, public officers and, indeed, all stakeholders from tampering with funds allocated to local governments from the federation account. Specifically, the NFIU issued a guideline, which prevents state governments from making withdrawals from local governments’ funds. Interestingly, […]

Implement new NFIU guidelines now, Senate urges 36 states govts, FCT – Daily TrustThe Senate, on Wednesday, urged the 36 states governments and Federal Capital Territory (FCT) to fully implement the new Nigerian Financial Intelligence Unit (NFIU)’s guidelines for the promotion of good governance at the grassroots levels. It also called on all financial institutions to support the implementation of the guidelines of the NFIU with diligence and …

Senate backs NFIU's directive on Local Government finance - Vanguard NewsSenate yesterday threw its weight behind financial guidelines for Local Governments recently introduced by the Nigerian Financial Intelligence Unit (NFIU).

NFIU guidelines will stop fraudulent activities in state-LG’s joint account, says NULGE – Daily TrustThe national president, Nigerian Union of Local Government Employee (NULGE), Comrade Ibrahim Khalil, has described the recently introduced financial guidelines for Local Governments by the Nigerian Financial Intelligence Unit (NFIU) as a mechanism that will safeguard, protect and allow for transparency in the local government joint account management.

NFIU Guidelines On State/LG Joint Account Will Halt Looting– NULGEThe Nigeria Union of Local Government Employees (NULGE) has said the new guidlines by the Nigeria Financial Intelligence Unit (NFIU) barring withdrawal of money from the joint state local government account will substantially halt “the haemorrhage of local government finances” Addressing journalists in Abuja, NULGE president, Ibrahim Khaleel while commending the new guidelines said state […]

Senate asks states to support NFIU guidelines on LGs – Daily TrustThe Senate has urged the 36 state governments to fully support the implementation of the new guidelines by the Nigerian Financial Intelligence Unit (NFIU) to promote good governance at the local government level. The Senate also urged the NFIU and all financial institutions to support the implementation of the new guidelines with diligence and professionalism.ADVERTISEMENT …

NFIU moves to bar govs from access to LG funds – Daily TrustThe Nigerian Financial Intelligence Unit (NFIU) has barred banks from allowing transactions from State Joint Local Government Accounts (SJLGAs) without monies first reaching a particular local government account. Daily Trust reports that this bar governors access to LG funds as currently obtained in most states.ADVERTISEMENT A statement issued in Abuja yesterday by the Acting Chief …

Senate approves inclusion of NFIU in Proceeds of Crime Recovery Management's board - Daily Post NigeriaThe Nigerian Senate on Wednesday approved the inclusion of the National Financial Intelligence Unit (NFIU) to serve on the governing board of the Proceed o

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