The Nigerian Financial Intelligence Unit (NFIU) has revealed that the government is planning to stop cash withdrawals from federal, states and local government accounts.
This was revealed by Modibbo Tukur, director/chief executive officer (CEO), NFIU, disclosed this in a statement on Tuesday.
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According to him, “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”.