News

FG To List Withdrawal Guidelines For Govt Accounts

Published

1 year 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

BREAKING: JAMB Releases 2024 UTME Results

Published

22 mins ago

April 29, 2024

Editor

The Joint Admissions and Matriculation Board, JAMB, has released the 2024 Unified Tertiary Matriculation Examination results.

Over 1.94 million candidates registered and sat the examination in 118 towns and over 700 centres across the country.

The Registrar of JAMB, Prof. Ishaq Oloyede announced the release of the UTME results at a press conference held at the board’s headquarters, Bwari, in Abuja on Monday.

The examination which began on Friday, 19th April ended on Monday, 29th April 2024.

The board earlier explained that it chose to delay the release of the UTME results by some days because it needed some time to scrutinize the results to ensure credibility and integrity of the results, ensuring that there are no questions or any form of unclarity concerning the results particularly as regards the issue of impersonation, mixed biometrics, and other forms of malpractices.

Details later…

News

JUST IN: WASSCE Begins April 30

Published

53 mins ago

April 29, 2024

Editor

The West African Examinations Council, Nigeria, has said the West African Senior School Certificate Examination for school candidates will commence on Tuesday, April 30, 2024 and end on June 24, 2024.

Speaking on Monday at the WAEC Lagos Office, Head of Nigeria Office, Dr Amos Dangut, said the council was ready to conduct the examination.

Dangut said, “I am delighted to inform you that WASSCE for School Candidates, 2024 will take place between Tuesday, April 30 and Monday, June 24, 2024, in Nigeria, spanning seven weeks and six days. The examination will be conducted in four WAEC member countries, namely: Nigeria, Gambia, Sierra-Leone and Liberia.”
“We want to intimate candidates of the council’s readiness to conduct WASSCE. ”

He added, “We are set for the conduct of WASSCE for School Candidates, in 2024 in Nigeria. The Council also, in collaboration with the Federal Ministry of Education, the State Ministries of Education, the Nigeria Police, other security agencies and other stakeholders, deliver, on its mandate to conduct credible examinations for the Nigerian Child and the general public.

“We remain ever grateful to the Honourable Minister of Education, the Honourable Minister of State, for Education, all the State Ministries of Education, the Inspector-General of Police, and indeed, all our stakeholders, for their usual support and cooperation, even as we count on them once again.”

News

Jubilation As Obaseki Raises Minimum Wage To N70,000

Published

1 hour ago

April 29, 2024

Editor

The Edo State Governor, Godwin Obaseki, has increased the minimum wage for workers in the state from N40,000 to N70,000.

The governor made the announcement at the inauguration of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City.

Details shortly…