Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Nigeria to bar cash withdrawals from government accounts

Nigeria to bar cash withdrawals from government accounts

NIGERIAN officials will be barred from withdrawing cash from government accounts from March 1, the head of the Nigerian Financial Intelligence Unit (NFIU) said in a statement. The new rules, which will apply to federal, local and state officials, are aimed at combating money laundering and corruption and are in line with government efforts to move Africa's most populous nation toward a cashless economy. "Civil servants are becoming more and more vulnerable to money laundering and its predicate offences due to their exposure to cash withdrawals from public accounts," NFIU director and chief executive Modibbo R. HammanTukur said in the…
Read More
Nigerian state orders communications blackout

Nigerian state orders communications blackout

NIGERIAN officials cut communication lines in multiple parts of Katsina state as a crackdown on banditry in the northwest of the country spreads. Katsina state security adviser Ibrahim Ahmed told Reuters by phone that the government directed a communications blackout in 13 local government areas to hinder criminality in the region. The affected areas border Zamfara and Kaduna states. Officials in the former state shut down communications networks earlier this week to help armed forces tackle armed gangs of kidnappers terrorising the area. Since that operation began, gunmen kidnapped 20 people in Sokoto state in what a local government source…
Read More