TUC lauds anti-graft unit over N.5m daily withdrawal

The Trade Union Congress of Nigeria (TUC), last week, lauded the initiative of one of the anti-graft agencies, the Nigeria Finan-cial Intelligence Unit (NFIU), saying its action will help curb the unending corrupt activities going on at the state and local government levels. NFIU had through a circular, pegged daily withdrawal of local government councils […]

The Trade Union Congress of Nigeria (TUC), last week, lauded the initiative of one of the anti-graft agencies, the Nigeria Finan-cial Intelligence Unit (NFIU), saying its action will help curb the unending corrupt activities going on at the state and local government levels. NFIU had through a circular, pegged daily withdrawal of local government councils from banks at N500,000 and threatened to sanction any bank that released above that from local government funds.

TUC, in a statement signed by Bobboi Bala Kaigama and Musa-Lawal Ozidi, president and secretary general respectively, equally urged the Central Bank of Nigeria (CBN), Independent Corrupt Practices Commission (ICPC), Economic and Financial Crimes Commission (EFCC) and others to provide the necessary support. The union noted that the biggest challenge confronting the country was leadership and its bane, corruption, stressing that public officials deliberately violated guidelines that made a system decent.