PRESIDENCY, OYETOLA DIFFER OVER LG FUNDS, NFIU

  Friday Olokor, Abuja The Governor of Osun State, Gboyega Oyetola, and the Presidency clashed on Tuesday over the Joint Account Allocation Committee system of revenue sharing between states and local governments. While the governor demanded that the JAAC system of revenue sharing should be retained instead of the National Financial Intelligence Unit, the Presidency said “after so many ruinous years, Nigeria certainly cannot live with the continued mismanagement of public funds” through the joint account. The Presidency accused states of starving LGs of funds they need to discharge their…

Read More