The Nigerian Financial Intelligence Unit (NFIU) says the government is planning to stop cash withdrawals from federal, states and local government accounts.
Modibbo Tukur, director/chief executive officer (CEO), NFIU, disclosed this in a statement on Tuesday.
He said “because of the consistent devaluation of the naira and the introduction of a new naira policy, section 1 of the money laundering prohibition act is automatically activated”.
More to come…
