• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home National Joint Account: Governors Urge Buhari to Call NFIU to Order
  • National

Joint Account: Governors Urge Buhari to Call NFIU to Order

By
Abdulrazaque Bello-barkindo
-
May 19, 2019
President Muhammad Buhari
President Muhammad Buhari

Joint Account: Governors Urge Buhari to Call NFIU to Order

Nigeria’s 36 governors have approached the President of the Federal Republic and Commander-In-chief of the armed Forces, President Muhammadu Buhari on the decision by the Nigerian Financial Intelligence Unit (NFIU) to dabble into a matter that is beyond its mandate.

The Chairman of the NGF and Governor of Zamfara State, Abdulaziz Yari Abubakar, signed off a letter in which governors expressed “dismay and angst at this brazen attempt by the NFIU to ridicule our collective integrity and show total disregard for the constitution of the Federal republic of Nigeria (1999) as amended.

The Nigerian Financial Intelligence Unit, NFIU, which was excised from the Economic and Financial Crimes Commission, set June 1, 2019, as the takeoff date of the new order, making it compulsory for all LGA allocations to go straight to their respective bank accounts. The decision is contained in a guideline released by the NFIU after a lengthy meeting with officials of commercial banks in Abuja.

But in a swift reaction, the NGF Letter was titled Re: NFIU Enforcement and Guidelines to Reduce Crime Vulnerabilities Created by Cash Withdrawal from Local Government Funds Throughout Nigeria Effective June 1st, 2019.

The letter is dated May 15th, 2019.

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.

Read Also:

  • US Revokes Wole Soyinka’s Visa, Nearly a Decade After He Renounced Green Card Over Trump
  • Customs Warn Nigerians Against WhatsApp Auction Scams
  • IGP Decorates 16 Senior Officers, Harps on Integrity, Professionalism

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 NGF Chairman further accused the NFIU of “stoking mischief and also deliberately seeking to cause disaffection, chaos and overheat the polity.”

The NGF says that Local Government Councils are a creation of the constitution and are not financial institutions. They are, governors also said, not Reporting entities and are therefore not under the NFIU in the manner contemplated by the NFIU so-called guidelines.

In principle the NFIU should concentrate on its core mandate of Anti-money laundering AML activities and Combatting financing Terrorism CTF as prescribed in the Act establishing it and should desist from encroaching on or even breaching constitutional provisions.

The Nigerian Financial Intelligence Unit (NFIU) is the Nigerian arm of the global financial intelligence Units (FIUs) once domiciled within the EFCC but now for the purpose of institutional location domiciled in the Central Bank of Nigeria. This means the NFIU is only mandated to trace or track laundered money that finds its way into terrorism financing and report such to the nation’s security agencies. The NFIU should seek to comply with those standards on combating Money Laundering and Financing of Terrorism and its proliferation as stipulated and not dabble into matters that are both constitutional and beyond NFIU purview.

Abdulrazaque Bello-Barkindo
Head, Media and Public Affairs
Nigeria Governors’ Forum Secretariat
cid:[email protected]+234(0)9 2920025; (0)9 2920026
cid:[email protected]+234 (0) 08039567128, +234 08056180060

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Joint Account
  • Muhammadu Buhari
  • NFIU
  • NGF
Previous articleNAF Bags African PR Awards for Counter Insurgency, Professional Development
Next articleFG revives Housing project after 32years in Anambra
Abdulrazaque Bello-barkindo
Abdulrazaque Bello-barkindo
http://www.PRNigeria.com

RELATED ARTICLESMORE FROM AUTHOR

Wole Soyinka oyinka

US Revokes Wole Soyinka’s Visa, Nearly a Decade After He Renounced Green Card Over Trump

Customs Warn Nigerians Against WhatsApp Auction Scams

IGP Decorates 16 Senior Officers, Harps on Integrity, Professionalism

INEC Chairman Amupitan Appoints Multi-Award Winner Adedayo Oketola as Chief Press Secretary

President Bola Ahmed Tinubu with newly appointed service chiefs

Coup Whispers and the Crisis of Trust By Haroon Aremu

Police Officer

A’Ibom Police Dismantle Illegal Firearms Factory, Arrest 2 Suspects

FG Moves to Empower Women in Climate Fight through Green Women Platform

Minister of Interior Olubunmi Tunji-Ojo

170 Foreigners Seek Application for Nigerian Citizenship

The National Security Adviser Mallam Nuhu Ribadu

Anambra Guber Poll: We’ll Deal Decisively With Trouble Makers — Ribadu Warns

President Bola Ahmed Tinubu

JUST IN: Tinubu Writes Senate, Seeks Confirmation of Newly Appointed Service Chiefs

DG NITDA Mallam Inuwa Kashifu at the event

NITDA Boss Pushes for Nigerian Rules on TikTok to Protect Local Culture

NAF, S’Africa Deepen Air Force Collaboration to Enhance Regional Security

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • US Revokes Wole Soyinka’s Visa, Nearly a Decade After He Renounced Green Card Over Trump
  • Customs Warn Nigerians Against WhatsApp Auction Scams
  • IGP Decorates 16 Senior Officers, Harps on Integrity, Professionalism
  • INEC Chairman Amupitan Appoints Multi-Award Winner Adedayo Oketola as Chief Press Secretary
  • Coup Whispers and the Crisis of Trust By Haroon Aremu
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
US Revokes Wole Soyinka’s Visa, Nearly a Decade After He Renounced Green Card Over TrumpCustoms Warn Nigerians Against WhatsApp Auction ScamsIGP Decorates 16 Senior Officers, Harps on Integrity, ProfessionalismINEC Chairman Amupitan Appoints Multi-Award Winner Adedayo Oketola as Chief Press SecretaryCoup Whispers and the Crisis of Trust By Haroon AremuTinubu Seeks Senate Confirmation of New Service Chiefs A'Ibom Police Dismantle Illegal Firearms Factory, Arrest 2 SuspectsFG Moves to Empower Women in Climate Fight through Green Women Platform170 Foreigners Seek Application for Nigerian CitizenshipBadaru to Service Chiefs: Strengthen Unity, Deliver ResultsAnambra Guber Poll: We’ll Deal Decisively With Trouble Makers — Ribadu WarnsJUST IN: Tinubu Writes Senate, Seeks Confirmation of Newly Appointed Service ChiefsRethinking Policing in Lagos By Adebisi A. OyeshakinTroops Recover 70 Rustled Livestock in Katsina, Restore De-escalate Farmers-Herders Clash in SokotoPolice, Vigilantes Repel Armed Attack in Anambra, Neutralize One
X whatsapp