Court dismisses governors’ suit against NFIU on regulation of LG spending | The Guardian Nigeria News - Nigeria and World News

Justice Inyang Ekwo of the Federal High Court, Abuja, on Monday, dismissed a suit filed by the 36 states’ attorneys-general and the Nigeria Governors’ Forum challenging the Nigerian Financial Intelligence Unit from implementing its guidelines on local government spending. Justice Ekwo, who dismissed the suit for lacking in merit, held that upon studying the…

Justice Ekwo, who dismissed the suit for lacking in merit, held that upon studying the provisions of the NFIU’s guidelines, he was unable to see where the provisions thereof contradict or conflict with the provision of Sections 7, and of the constitution. The court said that the guidelines did not contradict Section 162 of the constitution, which prescribed that the amount standing to the credit of the local government council of the state shall be distributed among the local government councils of that state on such terms and in such manner as may be prescribed by the House of Assembly of the state.

“It only limits cash withdrawal made from any Local Government Account anywhere in the country to amount not exceeding N500,000.00 per day.

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