has commended the court judgement that ruled in its favour on the management of local government accounts. The agency also vowed to provide details of transactions involving local government funds to the anti-corruption agencies: EFCC and ICPC.
The NFIU issued the guidelines in May 2019 to guard against the overbearing influence of state governments in the administration of local governments’ monthly allocations.But the plaintiffs had argued that the guidelines were in breach of the financial autonomy of the various states as enshrined in the Nigerian constitution.
Mr Ekwo agreed with the AGF that going by Section 23 , Section 28 and Section 31 of the NFIU Act, the “unit has the power to make the guidelines.”In his reaction to Monday’s court ruling, the Director/CEO of the NFIU, Modibbo Tukur, described the judge’s decision as “excellent.” He also stated that local governments can now decide on funding that can be used to improve local security.
The guideline mandates that state and local government joint accounts be operated solely as transit accounts from which funds will be distributed directly to the accounts of the local governments.
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