Withdrawal Limit: NFIU Okays Governors’ Request

The Federal Government extends the deadline for cash withdrawal for security votes till April 15.

Nigerian Financial Intelligence Unit (NFIU) granted the extension to governors after intense negotiations.

The April 15 extension will be ratified at a special meeting convened by the NFIU with the Nigeria Governors Forum (NGF) and others virtually by 9pm today.

The naira redesign and the controversies that followed it will also be discussed at the meeting.

Governors might reject the short extension because they believe the agency lacks the power to determine how security votes should be disbursed.