Just In: Governors Rejects NFIU Intervention on disbursement of LGA Funds
The Nigeria Governors’ Forum (NGF) rejected intervention of Nigerian Financial Intelligence Unit (NFIU) on disbursement of funds to local governments saying NFIU has no business meddling in how state governments disburse funds to their respective local governments.
The governors, in a letter issued on their behalf by spokesman of Forum, Abdulrazaque Bello-Barkindo asked President Muhammadu Buhari to call the NFIU to order.
The statement reads, ““Extracting copiously from the constitution, governors drew the attention of the President to section (6) (a) and (b) which confers on the States and National Assemblies the powers to make provisions for statutory allocation of Public revenue to the Local Councils in the Federation and within the states respectively.”
“Similarly, the Governors added, Section 162 (6) expressly provides for the creation of the States Joint Local Government Account (SJLGA) into which shall be paid all allocations to the LGAs of the State from the Federation Account and from the government of the state.
“The NGF Chairman emphasises that nothing in the NFIU Act 2018 gives the body the powers that it seeks to exercise in the guidelines that it released and is therefore acting in excess of its powers and by so doing, Abdulaziz Yari Abubakar added, NFIU exhibits complete disregard of the constitution of Nigeria.”
The governors added that local government councils are a creation of the constitution and are not financial institutions.
NGF added,“They are not reporting entities and are therefore not under the NFIU in the manner contemplated by the NFIU so-called guidelines.
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