LG allocations: No going back on 1st of June takeoff date ― NFIU - Vanguard News

In a bid to stop the wanton diversion of local government allocations by state governments under the guise of joint account principle, the federal government, Nigerian Financial Intelligence Unit, NFIU has warned that the June 1 takeoff date of the new regime on cash payment remains sacrosanct.

The statement signed by the Chief Media Analyst of NFIU, Ahmed Dikko, Warner that any view being expressed on the legality of the new directive by any institution, groups or individuals was of no effect, as the law had empowered the agency to ensure that local government allocations get to them. “The provision of the cumulative cash withdrawal not exceeding N500,000 per day is also firmly in place effective 1st June 2019.

vanguardngr How I wish this will work.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Again, NFIU warns banks, state govts not to tamper with LG fundsThe NFIU had warned banks to ensure that state governments do not tamper with local government funds.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

YouTubesunrisedailynow Control is good but the half a million naira daily ceiling is too small if you don't want to wreck LGs administration in Nigeria...
Source: channelstv - 🏆 7. / 63 Read more »

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 …
Source: Daily Trust - 🏆 13. / 51 Read more »

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 …
Source: Daily Trust - 🏆 13. / 51 Read more »

L G Financial Autonomy: Group Applauds NFIUHuman 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 […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »

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.
Source: Daily Trust - 🏆 13. / 51 Read more »

Imo House Of Assembly Suspends All 27 Elected LG ChairmenImo House Of Assembly Suspends All 27 Elected LG Chairmen. You cannot suspend elected officials nau Impunity of the highest order.
Source: channelstv - 🏆 7. / 63 Read more »

YouTube
Source: channelstv - 🏆 7. / 63 Read more »

LG Chairman tasks traditional rulers on security – Daily TrustThe chairman of Igbo-Eze North Local Government Area of Enugu State, Comrade Uwakwe Ezeja yesterday appealed to the traditional rulers, town union presidents, neighbourhood watch chairmen, the Nigeria Police and other stakeholders to be security conscious to checkmate criminal activities in the area. Comrade Ezeja, who made the appeal during a security meeting held at …
Source: Daily Trust - 🏆 13. / 51 Read more »

100 A/Ibom women get N1m empowerment loan from LG chairman’s wife – Daily TrustAbout 100 women from 14 wards in Mkpat Enin local government area, Akwa Ibom state have received N1 million empowerment loan from Mrs ImaAbasi Brown, wife of the Chairman to support their various businesses. Beneficiaries of the loan, under the aegis of Mboho Uforo Iban Mkpat Enin, were selected out of the 420 women.ADVERTISEMENT Speaking …
Source: Daily Trust - 🏆 13. / 51 Read more »