Business

Govs, CBN, ICPC, EFCC, FIRS meet over security votes, cashless policy

The governors of the 36 states of the federation have resolved to meet with all the economic and financial agencies in the country on Tuesday, April 4 to discuss issues surrounding their states’ security votes and cashless policy.

The Nigeria Governors’ Forum (NGF) disclosed this via a statement issued on Sunday, April 2 by its Director, Media and Public Affairs, Abdulrazaque Bello-Barkindo.

Bello-Barkindo said the meeting was with a view to ironing out thorny issues surrounding their states’ security votes, towards establishing a better option of managing the funds.

He said that the meeting, according to an invitation issued by the NGF Director-General, Asishana Bayo Okauru, would be virtual, to ensure full attendance by all the relevant officers in the matter.

He listed those invited to the meeting to include the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and other related offences Commission (ICPC), the Federal Inland Revenue Service (FIRS), and the Central Bank of Nigeria (CBN).

READ ALSO: FIRS charges UN on international tax practices

Bello-Barkindo said the meeting would also consider deepening the management and expansion of the cashless policy which took effect since 2022 when the naira notes were redesigned to further the financial inclusion of all citizens.

He noted that the meeting was called at the instance of the Nigeria Financial Intelligence Unit (NFIU) in a letter signed by the agency’s Director, Modibbo Tukur, and dated March 30 which was addressed to the NGF Chairman.

“Also on the agenda is a consensus on harmonising and updating the national tax collection and business entry standards and its requirements to help respond to the FATF and the European Union grey listing in which Nigeria appeared,” the NGF spokesman stated.

Bello-Barkindo, however, enjoined all governors to prioritise the meeting, saying its contents had been discussed at the NGF emergency meeting held on Thursday.

He noted that it was unanimously agreed at the meeting that another meeting with the agencies was imperative.

The Star

Segun Ojo

Recent Posts

TCN: Why national grid collapsed

The Transmission Company of Nigeria (TCN) has explained the reason behind the collapse of the…

6 hours ago

Police officer dies in Lagos-Ibadan expressway accident

A police officer has been confirmed dead in an accident involving a truck and two…

6 hours ago

FG unveils free cesarean sections for women to combat maternal mortality

The Federal Government has unveiled a nationwide free cesarean section initiative aimed at reducing Nigeria’s…

10 hours ago

National grid collapses for second time in 3 days

The national grid has again collapsed, leading to a nationwide blackout. This is the second…

12 hours ago

‘Doing harm to kids’: Australia to ban children under 16 from social media

Australia's Prime Minister Anthony Albanese has vowed to ban children under 16 from social media,…

15 hours ago

Lagos govt shuts churches, hotels over noise pollution

The Lagos State Government has shut churches, including the Redeemed Christian Church of God (RCCG)…

15 hours ago

This website uses cookies.