ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Cover

Buhari vows to free LG finances from Governors

6th September 2019
in Cover, National
0
Eid-el-Fitr: I’ll secure FCT despite voting PDP – Buhari
0
SHARES
305
VIEWS
Share on FacebookShare on Twitter

In a bid to move stimulate grassroots development, the Federal Government has pledged to free councils’ finances from the control of state governors 

The government said it will achieve this by abolishing state and local governments joint accounts “through constitutional means.”

Secretary to Government of the Federation (SGF), Boss Mustapha, said this at a conference on Nigerian local governments, organised by SEGNIP Promotions Limited and the Department of State and Local Government Affairs, Office of the Secretary to the Government of the Federation (OSGF).

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

On May 6, the Nigerian Financial Intelligence Unit (NFIU) had issued a directive to commercial institutions via a document it tagged ‘Guidelines to Reduce Vulnerabilities Created by Cash Withdrawals from Local Government Funds throughout Nigeria.’

The document sought to ban financial transactions on state/local governments joint account, and placed cap on cash withdrawals from local government accounts in Nigeria.

However, the directive to banks to stop transactions on such accounts met stiff opposition from the governors, leading to at least two law suits.

Breaking!!! Earn up to N2 - N3 million monthly GUARANTEED (all paid in US Dollars). No training or refereal required. Do business with top USA companies like Amazon, Tesla, Facebook, IBM, Netflix, Zoom, etc. Learn more .

However, with the latest statement from the SGF, it appears the Buhari administration is poised on going on with its agenda on the local government finances.

Mr. Mustapha, who was represented by the Director of Special Duties in the SGF office, David Attah, at the event described the joint accounts as inglorious.

Premature Ejaculation & "Small Joystick" Resolved in 7Days... Click Here For Details .

He said the accounts have been grossly abused, leading to major frictions.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .

The SGF said such abuse gave rise to the agitation for fiscal autonomy of local governments.

He said states have starved local governments of needed funds to discharge their statutory responsibilities as an independent tier of government.

“After so many ruinous years of our recent past, we certainly cannot live with the continued mismanagement of public funds (joint account) any longer.

“Most of us know too well the dangers and consequences of this sustained degradation of our local government system which manifest in increased wave of crimes and social maladies like terrorism, kidnapping, cultism, neighbourhood gangs, human trafficking, baby factories, dilapidated primary schools and primary health facilities, influx of youths to urban centres and pernicious rural poverty which have dovetailed into various dimensions, agitations, and unrests,” he said.

He linked the starvation of the local governments to the spate of insecurity in the country.

“More so, it is uncanny that most of us fail to see the connection between moribund local governments and Boko Haram insurgency, for instance. Suffice to say that no ‘baby factory’ or incidence of kidnapping would find space where local government councillors are fully involved in governance and work with landlords associations and town unions. “In the midst of all these, there is no state, not even one, that showed an example by devising a system that made the local governments work or gave a proper account of the local government funds.

“All of us, directly, or tangentially, are exposed to the impact of local government administration daily. Therefore, mismanagement and mal-administration at this level of governance will connote impacting negatively on our people with direct implication for banishing a large number of the population to abject poverty and penury,” he said.

The SGF said with the introduction of the NFIU Act and the new local government administration account reporting system, the present administration of President Buhari has taken steps to upgrade the anti-graft or money laundering regulations to reduce vulnerabilities created by cash withdrawals from local government funds throughout the country.

Partner with me, let's get you making N500K to N500K a month! Skills open the doors to financial opportunities Click here to learn it .
Rapheal

Rapheal

Related Posts

Buhari departs Abuja for AU extra-ordinary summit in Malabo
National

Buhari departs Abuja for AU extra-ordinary summit in Malabo

27th May 2022
Unpaid salaries: ASUU threatens to disrupt exams, academic activities in LAUTECH
National

Strike: ASUU disowns N34bn FG largesse

27th May 2022
Court threatens to strike out Abba Kyari’s N500m fundamental rights suit
National

Drug trial: My life in danger, Kyari cries out

27th May 2022
Next Post
More trouble for ex-Gov Yari as court grants ICPC’s request to freeze his bank accounts

Again, Court orders AGF, EFCC to stay action on Yari’s property, assets

Falana gives petroleum ministry 7 days  ultimatum over $60bn revenue loss

Give account of how you intend to spend N605bn recovered loot, Solanke, Falana tell FG

I’ll win Kogi guber election landslide –Bello

Winning primaries doesn’t translate to capacity, APC tells Bello, others

Leave a Reply Cancel reply

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

ADVERTISEMENT

Highlights

‘Osimhen is not worth N48.9Bn’

… Uzoho gate crashes into Eagles camp in USA

UCL final clash to air on GOTV’S POP-UP Channel 38

Sports Ministry partners IBM for digital training

Zenith Bank/Ikoyi Club Grandslam Tennis enters home stretch

Zenith Bank swimming gala to be completed tomorrow

Trending

Buhari ‘ll subdue insecurity–APC Govs
Politics

Zamfara APC reconciliation: Yari orders immediate withdrawal of 4 court cases against APC

27th May 2022
0

By Chukwudi Nweje Following the reconciliation of the warring camps in the Zamfara State chapter of the...

Buhari departs Abuja for AU extra-ordinary summit in Malabo

Buhari departs Abuja for AU extra-ordinary summit in Malabo

27th May 2022
Unpaid salaries: ASUU threatens to disrupt exams, academic activities in LAUTECH

Strike: ASUU disowns N34bn FG largesse

27th May 2022
Napoli rejects N47.4b Newcastle offer for Osimhen

‘Osimhen is not worth N48.9Bn’

27th May 2022
Uzoho: CFA cancels one-match ban

… Uzoho gate crashes into Eagles camp in USA

27th May 2022

Follow us on social media:

Latest News

  • Zamfara APC reconciliation: Yari orders immediate withdrawal of 4 court cases against APC
  • Buhari departs Abuja for AU extra-ordinary summit in Malabo
  • Strike: ASUU disowns N34bn FG largesse
  • ‘Osimhen is not worth N48.9Bn’
  • … Uzoho gate crashes into Eagles camp in USA
  • UCL final clash to air on GOTV’S POP-UP Channel 38
  • Sports Ministry partners IBM for digital training
  • Zenith Bank/Ikoyi Club Grandslam Tennis enters home stretch
  • Zenith Bank swimming gala to be completed tomorrow
  • Fury could make retirement U-turn after Joshua, Usyk rematch
  • Ahead Mexico Friendly: Peseiro adds Mourinho’s man, son to Eagles’ technical crew
  • Atiku releases 5-point agenda on economy
  • 13% MPR hike’ll reduce real sector’s contribution to GDP –MAN
  • CITN canvasses stakeholders’ roles delineation in Finance Act
  • I read, meditate to get inspiration –Modupe Adegboyega
  • Why I’m outstanding –Cash Taiwo
  • TV viewers tip Village Headmaster as most favourite
  • How Progress won Nigerian Idol’s N100m worth of prizes
  • Healthgarde tackles domestic violence, sponsors achievers to Sun City
  • Will North support Amaechi, if Atiku emerges PDP presidential candidate?

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....