FG To Stop Cash Withdrawals From All Government Accounts – NFIU

The Evangelist
December 20, 2022

The Nigerian Financial Intelligence Unit (NFIU) says the government is planning to stop cash withdrawals from federal, states and local government accounts.

Modibbo Tukur, director/chief executive officer (CEO), NFIU, disclosed this in a statement on Tuesday.

He said “because of the consistent devaluation of the naira and the introduction of a new naira policy, section 1 of the money laundering prohibition act is automatically activated”.