The Central Bank of Nigeria (CBN) has initiated the profiling of chairmen and signatories to the bank accounts of the 774 local government areas (LGAs) across...
Edo State Governor, Senator Monday Okpebholo, has announced plans to petition the Economic and Financial Crimes Commission (EFCC) over alleged financial mismanagement during the tenure of...
The Federation Account Allocation Committee (FAAC) has decided not to directly disburse statutory monthly allocations to the country’s 774 local governments this month due to their...
The 774 local governments in Nigeria are set to open dedicated accounts with the Central Bank of Nigeria (CBN) to receive direct allocations from the Federation...
Barring any last-minute changes, local government councils in Nigeria will begin receiving direct allocations from the Federation Account starting next month. This follows the disbursement of...
Despite the Supreme Court’s landmark July 2024 ruling granting financial autonomy to Nigeria’s 774 Local Government Areas (LGAs), the Federal Government has continued to pay allocations...
