FG HAS ULTERIOR MOTIVE IN THE LG AUTONOMY :TRUE OR FALSE?
LG Funds: Amidst complaint by governors, court refuses to stop NFIU directive May 31, 2019 Sani Tukur Court Symbol A Federal High Court, Uyo, has declined to grant a request of the Akwa Ibom State Government to stop the implementation of the guidelines on local government funds issued recently by the Nigerian Financial Intelligence Unit (NFIU). PREMIUM TIMES reported how the NFIU on May 6 issued the ‘Guidelines to Reduce Vulnerabilities Created by Cash Withdrawals from Local Government Funds throughout Nigeria.’ 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. Banks were directed to ensure the full implementation of the guidelines with effect from June 1. The guideline will, in effect, ensure that the common practice of governors having sole authority over monies meant for local governments is stopped. Governors have...