LGA FUND: ABA SOUTH RECEIVED N299M, ABA NORTH N136M, PRESTIGE REVEALS, COMMENDS NFIU

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Member representing Aba North and South in the National Assembly, Hon Ossy Prestige has commended President Muhammadu Buhari, for throwing his weight behind the Nigerian Financial Intelligence Unit, NFIU, over its regulations on state and local government joint accounts.

His commendation follows a declaration by the accountant General of the federation that the 774 local governments were at the weekend credited with allocation for the month of June

The lawmaker posited that the regulations would go a long way in addressing the mindless mismanagement of local government funds by many state governors.

Hon Prestige also expressed delight that Aba south received the highest allocation in Abia with a total of approximately 229   million naira while Aba North received approximately 136 million naira; a sum he believes will go a long way in fixing some infrastructural decay in Enyimba city

The two term lawmakers who expressed joy that the much-desired local government autonomy has come to manifestation, also used the opportunity to advice the Transition chairmen to ensure proper usage of the monies devoid of any executive interference

The lawmaker reminded the TC Chairmen that the NFIU with the backing of the eight-assembly approved laid Down checks that will ensure that any fraudulent transaction is identified

Hon Ossy Prestige also assured Aba residents that he will continue to protect their interest and bring the much desired dividends of democracy to them

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3 Comments
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  3. Dyke O. Uche says

    I commend the great Honourable of the people Ossy Prestige for this disclosure on the amount of FAAC to both LGAs in his constituency . Ossy please do us a favour in Abia, kindly publish on monthly basis FAAC allocation to all 17 LGAs for all to see, The then able minister of finance Dr Okojo Iweala tried it at some point, hell was let loose as the govs fought her to a standstill cos of their devilish intentions over LG funds. Now that we have a new Sheriff in town (GMB) who will not bukkle or blink over blackmail from govs, it’s time we see absolute transparency in the mgt of LGA funds.

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