Senate backs NFIU's directive on Local Government finance - Vanguard News

The Senate has also resolved that relevant stakeholders like State Houses of Assembly and the Presidency should expedite action on the nagging issue of granting Financial Autonomy to Local Government Councils across the country.

Resolutions of the Senate yesterday were a sequel to a motion entitled, ” Nigerian Financial Intelligence Unit, NFIU and Local Government Finances” sponsored by Senator Aliyu Sabi Abdullahi .The motion drew the attention of Senate to new financial guidelines released by the Nigerian Financial Intelligence Unit and ta

His position was supported by Senator Adamu Aliero , George Akume and Deputy Senate Leader, Ibn Na’Allah. The statement had read that, ” with effect from June 1, any bank that allows any transaction from any local government account without monies first reaching a particular local government account will be sanctioned 100 per cent, locally and internationally.

In his contribution, former Plateau State Governor, Senator Jonah Jang, who faulted the motion, said: “In some states, the state government takes over the local government funds and abuse it. We have also witnessed local government chairmen signing checks at the beer parlours.

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Nigerian Senate backs NFIU’s directive on local government finance - Premium Times NigeriaNFIU on Monday issued a guideline which prevents state governments from making withdrawals from local governments’ funds. Swapping who steal the money from one to the other has never been the problem but the TOTAL LACK OF MORAL INTEGRITY OF THE NIGERIAN! Governors can’t steal it anymore, local govt chairmen ll anyway. Nothing change!
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