Governors block LG chairmen from opening CBN accounts

Share:

“Our governor has threatened us… not to open accounts with the CBN,” a South-East LG chairman said.

Governors in several states are allegedly pressuring local government chairmen not to open Central Bank of Nigeria (CBN) accounts, despite the Supreme Court’s judgment mandating LG autonomy and direct allocation payments.

“Our governor has threatened us… not to open accounts with the CBN,” a South-East LG chairman told The PUNCH.

The delay stems from a mix of political resistance and stringent CBN requirements, including submission of two-month account statements.

Only Delta State LGAs have reportedly submitted account details.

Meanwhile, states like Jigawa and Nasarawa claim progress, but no direct allocations have been received. “They know the moment the money is paid to CBN… they will not have access to it,” another LG official said anonymously.

READ MORE AT PUNCH.

Join Our Community to get Live Updates

Leave a Comment

We would like to keep you updated with special notifications.

×