The Nigerian Financial Intelligence Unit (NFIU) says the proposed plan to ban cash withdrawals from all federal, state, and local government accounts is not against governors. Modibo Tukur, NFIU director-general,
January 21, 2023 3:39 PMcash withdrawals from all federal, state, and local government accounts is not against governors.
“Secondly, we acted within our functions and the law. We issued the guidelines to control the barrage of investigations that we saw coming. Our guidelines were meant to help the governors not to fight them or any public servant.” “But more importantly, we need to understand that in the recent past, the United States FIU and United Kingdom FIU penalised Nigerian banks with fines of millions of U.S dollars due to non-compliance.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFIU reacts to governors' criticism of ban on cash withdrawals from govts' accountsNFIU's statement is in reaction to Nigerian governors' comment that its Advisory and Guidelines on cash transactions were outside the NFIU’s legal remit and mandate.
Read more »
FG lifts ban on wood, charcoal exportation | TheCableThe federal government has “conditionally” lifted the ban on wood and charcoal exportation. Mohammed Abdullahi, minister of environment, said this in Abuja on Thursday after a consultative meeting with stakeholders
Read more »
Atiku: I've since resolved not to use gutter language against my opponents | TheCableAtiku Abubakar, standard-bearer of the Peoples Democratic Party (PDP), says he has since resolved not to resort to personal attacks against his opponents in the presidential race. In a statement
Read more »
The limits gamers should set for themselves to not lose control | TheCableGaming is like walking into a store with all your favorite things. Will you spend all your money to satisfy your wants, or will you buy the most important things
Read more »
FAKE NEWS ALERT: Sultan did not endorse Obi for presidency, says aide | TheCableMuhammad Abubakar, the Sultan of Sokoto, has distanced himself from a statement claiming he has endorsed Peter Obi, standard bearer of the Labout Party (LP).
Read more »
'It's not yet time' — FG denies hiking petrol price | TheCableThe federal government has denied increasing the price of premium motor spirit, also called petrol. Timipre Sylva, minister of state for petroleum resources, said this on Friday in a statement
Read more »