• Contact Us
  • About Us
Sunday, February 15, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

It’s Unconstitutional For Govs To Hold LG Funds, Supreme Court Declares

metro by metro
July 11, 2024
in News
0
Supreme Court Adjourns Suit On CBN Naira Swap To Feb 22 For Hearing
0
SHARES
0
VIEWS

 

*Says Henceforth LG Allocations From FAAC Be Paid Directly To Them

Read Also

US House Passes Bill To Require Proof Of US citizenship For Midterm Voters

NNPP  Rejects US’ Move To Blacklist Kwankwaso, Alleges Hypocrisy 

EFCC Witness Accuses Banks Of Causing Scarcity Of 2022 Redesigned Naira Notes Through Hoarding

It was victory at last for the embattled Local Government administration in Nigeria as the Supreme Court, on Thursday, declared that it is unconstitutional for state governors to hold onto funds meant for them.

This may bring to an end the emasculation of the grassroots government which have been denied independence, particularly, financial by the all powerful governors who have continued to divert their allocations and only inviting them at the end of every month to the capitals for stipends out of the allocations to the administrators who are their appointees, in most states as the governors prefer dealing with them for loyalty and pecuniary benefits.

However, in its lead judgement read by Justice Emmanuel Agim, the apex court observed that the refusal of state government on financial autonomy for local governments has gone on for over two decades.

He said local governments have since stopped receiving the money meant for them from the state governors who act in their stead.

ALSO READ:Access Holdings Sees Global Expansion On N351Bn Rights Issue

Justice Agim noted that the 774 local government councils in the country should manage their funds themselves.

He dismissed the preliminary objections of the defendants (state governors).

In the suit filed by the Attorney-General of the Federation (AGF), Lateef Fagbemi, the Federal Government sought an order preventing the governors from arbitrarily dissolving democratically elected councils.

Justice Agim said the AGF has the right to institute the suit and protect the constitution.

The apex court consequently directed that Local Government allocation from the Federation Account should be paid directly to them henceforth.

 

Previous Post

Access Holdings Sees Global Expansion On N351Bn Rights Issue

Next Post

asc impact – the enormous social and economic importance of the global agricultural and forestry industry

Related Posts

News

US House Passes Bill To Require Proof Of US citizenship For Midterm Voters

February 12, 2026
No Defection Talks With APC, Kwankwaso Camp Insists
News

NNPP  Rejects US’ Move To Blacklist Kwankwaso, Alleges Hypocrisy 

February 12, 2026
EFCC Bans Sting Operations At Night
News

EFCC Witness Accuses Banks Of Causing Scarcity Of 2022 Redesigned Naira Notes Through Hoarding

February 11, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
News

Oil Set For First Weekly Decline In Seven Weeks Ahead Of US-Iran Talks 

February 6, 2026
Next Post

asc impact – the enormous social and economic importance of the global agricultural and forestry industry

New era of climate cooperation can deliver stability in an unstable world: UN Climate Change Executive Secretary

February 12, 2026
FTS: Concerns Over Kogi ‘Budget Paradox’ Amid Rising Enviromental, Social Risks

FTS:Apprehension In Kogi Communities As Armed Herdsmen Attack Residents, LGAs Impose Curfew

February 12, 2026

Sage Intacct Introduces Intelligent AI-driven Automation for mid-sized businesses in Kenya

February 12, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version