Lawan, Gbajabiamila, CJN Tanko Muhammad , others under probe

The Federal Government has commenced an investigation into bank accounts belonging to Senate President Ahmed Lawan, Speaker of the House of Reps Femi Gbajabiamila and other principal officers of the National Assembly. The probe which is conducted by the Nigerian Financial Intelligence Unit (NFIU) is also investigating accounts owned by Nigeria judges including the Chief Justice of Nigeria (CJN), Tanko Muhammad. A letter dated Sept. 10, 2019, and signed by NFIU Associate Director, Analysis and Compliance, Fehintola Salisu, stated that the Chief Compliance Officers of banks were directed to release the account details of all legislators and judiciary officials in

By |September 14th, 2019|Categories: News|Tags: , |0 Comments

LG Funds: Amidst Governors protests, Court refuses to stop NFIU directive

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

By |June 1st, 2019|Categories: News|Tags: , , , |0 Comments
Go to Top