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FG To List Withdrawal Guidelines For Govt Accounts

Published

3 years ago

January 4, 2023

The Nigerian Financial Intelligence Unit is set to announce new guidelines on cash withdrawals from all government accounts on Thursday, January 5, 2023.

This was contained in a document exclusively obtained by our correspondent on Tuesday night.

In December 2022, The PUNCH exclusively reported that the NFIU was putting all necessary measures in place to stop cash withdrawals from federal, state, and local government areas’ bank accounts. The Director and Chief Executive Officer, NFIU, Modibbo Tukur, made this revelation at a parley with the Chairman, Independent National Electoral Commission, Prof. Mahmud Yakubu, in Abuja.

He said, “Because of the consistent devaluation of the naira and the introduction of a new naira policy, section one of the Money Laundering Prohibition Act is automatically activated.”

Tukur further stated that most cash withdrawals from government accounts including payments for estacode are often more than the cash withdrawal limit provided by the Money Laundering Act.

This, he said, exposed innocent public servants to be liable to imprisonment. He added that the NFIU is developing an advisory to the Secretary to the Government of the Federation, all governors, and local government council chairmen to direct all public servants to open domiciliary and naira accounts ahead of the commencement of the policy which becomes compulsory by law.

He also noted that governors and council chairmen will need to organise training for market men and women on how to use ATM and POS services, while refuting reports making the rounds that the NFIU will block the Federal Government’s accounts in January 2023.

In November 2022, The PUNCH also reported that the NFIU flagged suspicious transactions valued at over N150tn between January and March 2022, according to its ‘suspicious transaction report/suspicious activity report.’

The development followed an announcement by the Economic and Financial Crimes Commission and NFIU officials that they had intensified surveillance on campaign spending by political parties and their candidates ahead of the 2023 polls.

News

Why I Won’t Attend Gaza Summit In Egypt — Netanyahu

Published

1 hour ago

October 13, 2025

Editor

Israel’s Prime Minister Benjamin Netanyahu will not attend Monday’s Gaza summit in the Egyptian resort town of Sharm el-Sheikh because it coincides with a Jewish holiday, his office said.

“Prime Minister Netanyahu was invited by US President Donald Trump to attend a conference in Egypt today,” his office said in a statement.

“The prime minister thanked President Trump for the invitation but said he would be unable to attend due to the timing coinciding with the start of the holiday” of Simhat Torah, which begins Monday evening and continues until sunset Tuesday.

Earlier, Egypt’s presidency said Netanyahu had been invited to attend following a call between US President Donald Trump, Egyptian President Abdel Fattah al-Sisi, and the Israeli premier.

AFP

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Fubara Names New Rivers SSG

Published

1 hour ago

October 13, 2025

Editor

The Rivers State Governor, Siminalayi Fubara, has approved the appointment of Benibo Anabraba as the new Secretary to the State Government.

The appointment was confirmed on Monday in a statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the release, Anabraba is scheduled to be sworn in today, Monday, October 13, 2025, at 4:00 p.m. at the State Executive Council Chambers, Government House, Port Harcourt.

The statement said, “His Excellency, Sir Siminalayi Fubara, GSSRS, Governor of Rivers State, has approved the appointment of Hon. Benibo Anabraba as Secretary to the Rivers State Government.

“The new SSG will be sworn in today, Monday, October 13, 2025, by 4:00 PM at the State Executive Council Chambers, Government House, Port Harcourt.”

The appointment follows Fubara’s recent reinstatement to office after a period of political and legal turbulence that led to his suspension under emergency rule declared by President Bola Tinubu.

Tinubu had, on March 18, 2025, declared a state of emergency in Rivers State, suspending the governor, his deputy, and members of the House of Assembly. He cited the prolonged political crisis between Fubara and his predecessor and political benefactor, Nyesom Wike, as the reason.

In Fubara’s place, Tinubu appointed retired Vice Admiral Ibok-Ete Ibas as Sole Administrator, with a mandate to restore political stability.

Recall that the immediate past administrator, upon assumption of office during the emergency rule imposed suspended all commissioners, special advisers, and assistants appointed by Fubara.

Ibas also dissolved boards and suspended heads of parastatals he met in office.

Since Ibas exited the state on September 18, the fate of Fubara’s appointees had remained uncertain. The Rivers State House of Assembly, at its first sitting after the lifting of the emergency rule, had called on the governor to submit a fresh list of commissioner-nominees for screening, alongside the 2025 budget for passage.

His return to the governorship has coincided with a flurry of administrative changes as the governor consolidates his team.

News

FG To Disburse ₦6.3bn Interest-free Loans To 21,000 Flood Victims

Published

1 hour ago

October 13, 2025

Editor

The Federal Government is set to disburse ₦6.3 billion in interest-free loans to 21,000 Nigerians affected by recent flood disasters across the country.

Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sununu, made this known on Monday in Abuja during a roundtable marking the International Day for Disaster Risk Reduction.

Sununu said the initiative aims to cushion the impact of flooding and enhance food security nationwide, Channels reports.

“In the next few weeks, 21,000 Nigerians will receive interest-free, collateral-free loans of ₦300,000 each.

“This intervention is designed to support farmers and strengthen communities affected by flooding,” he said.

The minister further revealed that the Federal Government, through the National Social Investment Programme, has reached over 8.1 million households with more than ₦300 billion in Conditional Cash Transfers.

“This support has improved the resilience, health, and education of many vulnerable households. The process will continue under the Hope Agenda of Mr. President,” Sununu added.

He also announced plans to empower internally displaced persons through a scheme that guarantees a market for their produce.

“Under our new collaboration with the Federal Ministry of Agriculture, IDPs will retain 30% of their produce while the government will off-take 70%, providing direct cash payments to the participants,” he explained.

In her remarks, the Director-General of the National Emergency Management Agency, Zubaida Umar, highlighted the growing threat of climate-related disasters and called for stronger preventive measures.

Umar noted that Nigeria faces increasing risks from climate change, conflicts, pandemics, and technological hazards, stressing that disaster management must shift from reactive to proactive approaches.

She also announced the launch of two key policy frameworks — the NEMA Strategic Plan (2025–2029) and the National Disaster Risk Reduction Strategy (2025–2030) to guide future disaster preparedness and resilience-building efforts.

“These frameworks promote innovation in financing, institutional collaboration, and risk-informed development,” she said, adding that NEMA is developing a National Risk Monitoring and Information Platform to enhance early warning and data-driven decision-making.

She further called for innovative financing options, including catastrophe bonds, climate funds, and blended finance models, to sustain disaster prevention and recovery initiatives.

The event, which focused on building resilience against climate-related disasters, was attended by Vice President Kashim Shettima, Deputy Speaker of the House of Representatives Benjamin Kalu, Zamfara State Governor Dauda Lawal, lawmakers, and international partners.

The PUNCH reports that 238 persons have lost their lives, while 135,764 others have been displaced following floods that swept through parts of the country as of October 10, 2025, according to figures obtained from the National Emergency Management Agency’s 2025 Flood Dashboard on Saturday.

NEMA reports that at least 409,714 people have been affected so far, with 826 sustaining various degrees of injuries and 115 reported missing across the country.

Flood-related deaths were recorded in multiple states, bringing the nationwide death toll to 238.