• About
  • Advertise
  • Privacy & Policy
  • Contact
KorrectNews
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Science
    • Transportation
    Makinde Congratulates New Acting CJN, Ariwoola

    Supreme Court Crisis: NBA Wants Ex-CJN Probed, Ariwoola Sworn In, Workers Demand Autonomy

    Makinde Congratulates New Acting CJN, Ariwoola

    Makinde Congratulates New Acting CJN, Ariwoola

    Justice Kayode Ariwoola Set To Step In As New CJN

    Shina Peller Congratulate New Acting CJN, Tagged it as Success For all Oke Ogun Indigenes

    Justice Kayode Ariwoola Set To Step In As New CJN

    Justice Kayode Ariwoola Set To Step In As New CJN

    BREAKING: Justice Tanko Muhammad Resigns As CJN

    BREAKING: Justice Tanko Muhammad Resigns As CJN

    2022 Hajj: Oyo Govt Pays Traveling Allowances to Muslim Pilgrims in Medina

    2022 Hajj: Oyo Govt Pays Traveling Allowances to Muslim Pilgrims in Medina

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Entertainment
    • Gadget
    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

    Full list: 2022 Grammy Awards key winners

    Full list: 2022 Grammy Awards key winners

    Portable loses Canadian show after sacking manager, promoter, others

    Portable loses Canadian show after sacking manager, promoter, others

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

    Full list: 2022 Grammy Awards key winners

    Full list: 2022 Grammy Awards key winners

    Portable loses Canadian show after sacking manager, promoter, others

    Portable loses Canadian show after sacking manager, promoter, others

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

  • Lifestyle
    • All
    • Celebrity
    • Fashion
    • Health
    2023: Ministers With Political Ambitions Must Resign – Buhari

    FG Partners WHO on Health Security in Nigeria

    I don’t like being called a celebrity –Funsho Adeolu

    I don’t like being called a celebrity –Funsho Adeolu

    I met 2Baba first but bore his fifth child, Annie Idibia laments

    I met 2Baba first but bore his fifth child, Annie Idibia laments

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Madam Murray-Bruce is a Mother to all of us- Tinubu.

    Madam Murray-Bruce is a Mother to all of us- Tinubu.

    Mudiru Markaz Slumps During Sermon in Kwara.

    Mudiru Markaz Slumps During Sermon in Kwara.

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Science
    • Transportation
    Makinde Congratulates New Acting CJN, Ariwoola

    Supreme Court Crisis: NBA Wants Ex-CJN Probed, Ariwoola Sworn In, Workers Demand Autonomy

    Makinde Congratulates New Acting CJN, Ariwoola

    Makinde Congratulates New Acting CJN, Ariwoola

    Justice Kayode Ariwoola Set To Step In As New CJN

    Shina Peller Congratulate New Acting CJN, Tagged it as Success For all Oke Ogun Indigenes

    Justice Kayode Ariwoola Set To Step In As New CJN

    Justice Kayode Ariwoola Set To Step In As New CJN

    BREAKING: Justice Tanko Muhammad Resigns As CJN

    BREAKING: Justice Tanko Muhammad Resigns As CJN

    2022 Hajj: Oyo Govt Pays Traveling Allowances to Muslim Pilgrims in Medina

    2022 Hajj: Oyo Govt Pays Traveling Allowances to Muslim Pilgrims in Medina

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Entertainment
    • Gadget
    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

    Full list: 2022 Grammy Awards key winners

    Full list: 2022 Grammy Awards key winners

    Portable loses Canadian show after sacking manager, promoter, others

    Portable loses Canadian show after sacking manager, promoter, others

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

    Full list: 2022 Grammy Awards key winners

    Full list: 2022 Grammy Awards key winners

    Portable loses Canadian show after sacking manager, promoter, others

    Portable loses Canadian show after sacking manager, promoter, others

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

  • Lifestyle
    • All
    • Celebrity
    • Fashion
    • Health
    2023: Ministers With Political Ambitions Must Resign – Buhari

    FG Partners WHO on Health Security in Nigeria

    I don’t like being called a celebrity –Funsho Adeolu

    I don’t like being called a celebrity –Funsho Adeolu

    I met 2Baba first but bore his fifth child, Annie Idibia laments

    I met 2Baba first but bore his fifth child, Annie Idibia laments

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Bad Parenting and Government Should be Blamed For Increasing Money Rituals, Not the Filmamkers- Mr Latin

    Madam Murray-Bruce is a Mother to all of us- Tinubu.

    Madam Murray-Bruce is a Mother to all of us- Tinubu.

    Mudiru Markaz Slumps During Sermon in Kwara.

    Mudiru Markaz Slumps During Sermon in Kwara.

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

No Result
View All Result
KorrectNews
No Result
View All Result
Home Business News

BREAKING: FG Wins Case Against State Governors Over Financial Autonomy

Fatiu Hamzat by Fatiu Hamzat
May 24, 2022
in News
0
BREAKING: FG Wins Case Against State Governors Over Financial Autonomy
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

The Federal Government and the Nigerian Financial Intelligence Unit (NFIU) have won the case against the state governors over the financial autonomy from the Local Government joint account.

Justice Inyang Ekwo of the Federal High Court delivered the ruling on Monday in favour of the Federal Government.

The NFIU had in June 2019 issued guidelines aimed at curbing crime vulnerabilities created by cash withdrawals from local government accounts by various state governments.

The Nigerian Governors Forum sued the FG and NFIU for interfering with state government powers to initiate transactions on Local Government Joint accounts citing provisions of the 1999 constitution.

The NFIU issued a guideline on money laundering risk and vulnerabilities advising all banks not to honour transactions from joint accounts.

It directed that the States/Local Governments Joint Accounts should use only for receiving funds and subsequently transferring them to Local government accounts only.

The guidelines also reduced cash withdrawal from local government accounts to five hundred thousand Naira daily.

Immediately after the guidelines came into place, most local governments across the country stopped facing challenges in the payment of staff salaries.

While reacting to the judgement the Director/CEO of NFIU, Mr Modibbo Tukur said the judgement is good because the Federal government is always ready to protect both states and local governments by making funds available for their governance responsibility.

He stressed that funds can now be decided on by local councils which can be channelled to improve local security.

The CEO of NFIU stated that “from this judgement and from today all transactions on Local Government funds will be disclosed to ICPC and EFCC 100% and will be reported continuously”.

Tags: FGNFIUNGFState Governors
Previous Post

PDP Primaries: Tegbe, Wolekanle Clinch PDP’s Oyo South, North Senatorial Ticket

Next Post

Buhari Meets Victims Of Kano Explosion, Expresses Sorrow

Fatiu Hamzat

Fatiu Hamzat

Next Post
Buhari Meets Victims Of Kano Explosion, Expresses Sorrow

Buhari Meets Victims Of Kano Explosion, Expresses Sorrow

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Olubadan is Dead

Olubadan is Dead

January 2, 2022
Politician, Activists Grace IVSSU Ultramodern Bus Stop Commission.

Saki Elephant :Okere rejects bribe from Omirinde, UI – Group Alleged.

March 4, 2022
In Saki, Thugs Loyal To Reps Aspirant, Adamawa, Allegedly Attack Councilors For Not Supporting Their Boss

In Saki, Thugs Loyal To Reps Aspirant, Adamawa, Allegedly Attack Councilors For Not Supporting Their Boss

May 6, 2022
Buhari announces Date for Oyo North Police Recruitment Screening.

Saki Ritual Killings: We don’t shoot neither kill any. – Police.

March 7, 2022
ARIDUNNU FAMILY SENSITIZE PUBLICS ON PVC REGISTRATION.

ARIDUNNU FAMILY SENSITIZE PUBLICS ON PVC REGISTRATION.

3
Let’s Nurture The Nature So That We Have a Better Future – Aridunnu Family.

Let’s Nurture The Nature So That We Have a Better Future – Aridunnu Family.

2

3SC vs Heartland: Saki Born footballer,Raheem Nafiu Scores his first NPFL goal.

2
Saki Potholes: Chairman needs to work as Kàkàko junction-003 leads with 440 major potholes.

Saki Potholes: Chairman needs to work as Kàkàko junction-003 leads with 440 major potholes.

1
Makinde Congratulates New Acting CJN, Ariwoola

Appointment Well Deserved, Oyo Speaker Congratulates New Acting CJN

June 28, 2022
Makinde Congratulates New Acting CJN, Ariwoola

Supreme Court Crisis: NBA Wants Ex-CJN Probed, Ariwoola Sworn In, Workers Demand Autonomy

June 28, 2022
Makinde Congratulates New Acting CJN, Ariwoola

Makinde Congratulates New Acting CJN, Ariwoola

June 27, 2022
Justice Kayode Ariwoola Set To Step In As New CJN

Shina Peller Congratulate New Acting CJN, Tagged it as Success For all Oke Ogun Indigenes

June 27, 2022

Recent News

Makinde Congratulates New Acting CJN, Ariwoola

Appointment Well Deserved, Oyo Speaker Congratulates New Acting CJN

June 28, 2022
Makinde Congratulates New Acting CJN, Ariwoola

Supreme Court Crisis: NBA Wants Ex-CJN Probed, Ariwoola Sworn In, Workers Demand Autonomy

June 28, 2022
Makinde Congratulates New Acting CJN, Ariwoola

Makinde Congratulates New Acting CJN, Ariwoola

June 27, 2022
Justice Kayode Ariwoola Set To Step In As New CJN

Shina Peller Congratulate New Acting CJN, Tagged it as Success For all Oke Ogun Indigenes

June 27, 2022
KorrectNews

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Business
  • Celebrity
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • Lifestyle
  • News
  • Politics
  • Review
  • Science
  • Security
  • Social Media
  • Sports
  • Transportation
  • Transportation
  • Travel
  • Uncategorized

Recent News

Makinde Congratulates New Acting CJN, Ariwoola

Appointment Well Deserved, Oyo Speaker Congratulates New Acting CJN

June 28, 2022
Makinde Congratulates New Acting CJN, Ariwoola

Supreme Court Crisis: NBA Wants Ex-CJN Probed, Ariwoola Sworn In, Workers Demand Autonomy

June 28, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.