• Home
  • News
    • African News
    • Nigerian
    • World
    • News UK
    • Politics
  • Sports
  • Business
  • Entertainment
  • Health
Nigerian Watch Newspaper
Nigerian Watch Newspaper
 
 
 
 
  • Home
  • News
    • African News
    • Nigerian
    • World
    • News UK
    • Politics
  • Sports
  • Business
  • Entertainment
  • Health
Home
News
Politics

Ministers step up plans to abolish joint state and local government bank accounts

September 5th, 2019 News, Nigerian, Politics comments

Ministers step up plans to abolish joint state and local government bank accounts

MINISTERS are considering abolishing state and local governments joint accounts under a programme to make the country’s 774 local government areas independent of governors and autonomous.

 

At the moment, Nigeria’s local governments are beholden to the state’s 36 governors who receive their allocations from the federal government on their behalf. In many instances, state governors do not release funds to local governments and some of them do not even have budgets, making it impossible for them to carry out any programmes.

 

To address the matter, Boss Mustapha, the secretary to the federal government, said that local governments will be given freedom as it was necessary for grassroots development. He added that the federal government will achieve this by abolishing state and local governments joint accounts through constitutional means.

 

Speaking at a conference on local governments, organised by SEGNIP Promotions and the Department of State and Local Government Affairs, of the Office of the Secretary to the Government of the Federation, Mr Mustapha described the joint accounts as inglorious. He added that in the past, the accounts have been grossly abused, leading to major frictions.

 

This is not the first time the federal government is making similar accusations about state governments. Earlier this year, the federal government gave a directive to banks to stop transactions on such accounts but the move was opposed by governors, leading to at least two law suits.

 

Federal government ministers have given the newly established Nigerian Financial Intelligence Unit the task of dismantling the joint accounts. Despite the opposition by governors, however, it appears that the federal government is going on with its agenda with regards to local government finances.

Facebook Twitter Google+ LinkedIn WhatsApp
Next article Buhari striking one deal with Coca Cola could double the size of Nigeria’s economy within five years
Previous article Lagos State Government announces plans to re-introduce monthly sanitation exercise

Related Posts

Fifa clears eight players with dual nationality to play for Nigeria including Fulham's Lookman and Adarabioyo News

Fifa clears eight players with dual nationality to play for Nigeria including Fulham's Lookman and Adarabioyo

Covid-19 vaccine will now arrive in Nigeria as from March under African Union programme African News

Covid-19 vaccine will now arrive in Nigeria as from March under African Union programme

Aso Rock cabal asks Buhari to watch Tinubu as he is likely behind recent southwest agitation News

Aso Rock cabal asks Buhari to watch Tinubu as he is likely behind recent southwest agitation

Facebook Comments

 

Follow Us on Facebook


Follow us on Twitter


Follow nigerianwatch on TwitterTweet

  • About us
  • Legal agreement
  • Privacy policy
  • Contact us
  • Back to top
© 2012 - Nigerian Watch. All rights reserved.
Website by Mouldme.com