NFIU puts mechanisms in place to monitor LGAs fund disbursement, says Bakari
The Director/CEO of Nigerian Financial Intelligence Unit (NFIU), Hafsat Bakari, on Thursday expressed that the government agency has put in place mechanisms to monitor funds disbursement to local government areas (LGAs) following the Supreme court judgement affirming direct allocation to the council areas.
In a landmark ruling aimed at promoting transparency and accountability in the administration of public funds, the Supreme Court of Nigeria last year ordered the federal government to pay allocations directly to LGAs from the federation account.
Bakari stated this on Thursday in Abuja while delivering a goodwill message at the launch of the Accountability & Corruption Prevention Programme for Local Government (ACPPLG) out in place by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
She reaffirmed the NFIU’s commitment to combating financial crimes, emphasizing its readiness to track and disrupt illicit financial flows.
“The NFIU is fully committed and involved, with all mechanisms in place to trace local government funds and support ICPC investigations and other agencies,” she stated.
The event was attended by key government and private sector representatives, including the Attorney General of the Federation, who was represented as well as the leadership of the Code of Conduct Bureau (CCB), the Public Complaints Commission (PCC),the National Youth Service Corps, (NYSC), Center for Fiscal Transparency & Public Integrity, and some members of the National Assembly committee on anti-corruption and financial crimes.
