The 36 governors in Nigeria have resolved to set up a six-member committee led by the Anambra State, Governor Charles Soludo, to engage the Central Bank of Nigeria in addressing grey areas pertaining the country’s monetary management and financial system.
But the NFIU maintained that its ban on cash withdrawal was within the confines of the law concerning the guidelines on cash withdrawals from all government accounts.
Responding to the NGF, Tukur said, “First of all, we are ready to partner with the six-man committee that they have set up. We will enlighten them. He added, “But more importantly we need to understand that in recent past, the United States FIU and United Kingdom FIU penalised Nigerian banks with fines of millions of US dollars due to non-compliance.
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