A Federal High Court (FHC), Abuja, on Wednesday, fixed May 23 for judgment in a suit filed by the 36 states’ Attorneys-General challenging the the Nigerian Financial Intelligence Unit (NFIU) from implementing its guidelines on local government spending. Justice Inyang Ekwo fixed the date after counsel to the parties in the suit presented their arguments and adopted their processes. On May 6, 2019, the NFIU had issued guidelines to stimulate the reduction of crime vulnerabilities created by cash withdrawals from local government funds across the country, beginning from June 1,…
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Onitsha-North: A sharp focus on federal allocation
The Federal Ministry of Finance,Abuja published in the Sun newspaper of Monday Dec. 9, 2019, the distribution of revenue allocation to Local Government Council by Federation Account Committee for the month of April, 2019. In the publication, all the local councils were listed according to their States and what they got. In Anambra State, Onitsha-North Local Government Council got a total allocation of N131,307,997.32k. Breakdown: Gross Statutory Allocation is N100,577,134.91k. Deduction is 0k Exchange Gain Difference is N154,671,44k Value Added Tax is N30,576,190.97k This is just for a month. This…
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