The Nigerian Financial Unit (NFIU) has stopped governors from having access to the funds meant for local goverments.

Ahmed Dikko, the acting chief media analyst of the NFIU, said that the enforcement of the guideline was important so that the rate of criminal withdrawals from local goverment funds can be reduced.

He said that such withdrawals "posed (the) biggest corruption, money laundering and security threats at the grassroots and to (the) entire financial system and the country."

Dikko also added that as from Saturday, June 1, any transaction that happens without the money first getting to the local goverment will be sanctioned.

The Nigeria Governors Forum (NGF), however, said the NFIU was going beyond its functions and showing a total lack of respect for the country's constitution.

The Source: http://legit.ng