Close Menu
    What's Hot

    CBN to Auction Nigerian Treasury Bills Totalling N750bn

    April 20, 2026

    XRPUSD Dips to $1.40 as Buying Momentum Eases

    April 20, 2026

    Naira Sees 1.13% Weekly Gain on FX Liquidity, Interventions

    April 19, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, April 20
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketNews - Reps to FG: Withhold Allocation to States Running TIC
    MarketNews

    Reps to FG: Withhold Allocation to States Running TIC

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 9, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Reps To Fg: Withhold Allocation To States Running Tic
    Share
    Facebook Twitter Pinterest Email Copy Link

    Reps to FG: Withhold Allocation to States Running TIC

    The House of Representatives has urged the Federal Government to withhold allocation to states running a Transition Implementation Committee (TIC).

    The House also urged the Revenue Mobilisation, Allocation Fiscal Commission (RMAFC) to create a special account where allocations due to local governments run by unelected officials would be paid.

    The House stated that the money should be withheld until elected representatives are put in place by such state governments. The resolution followed the adoption of a motion of urgent public importance by Rep. Gaza Jonathan (SDP-Nasarawa) and Rep. Ademorin Kuye (APC-Lagos) on the floor of the House in Abuja on Tuesday.

    The motion titled,” Urgent need to address the refusal of state government to uphold democratic principles in the local governments and the financial impropriety of unelected local government officials.

    Presenting the motion, the duo noted that the local government, as envisaged by the constitution, was the most important tier of government. They stated that the LG was the closest to the people and forms the foundation of both the state and federal governments.

    According to them, the dissolution of democratically elected councils is in direct contravention of section 7 of the Nigerian Constitution. The Supreme Court pronouncements on such matters, states that it is a deliberate affront on democracy.”

    They noted that the number of states acting with impunity and in utter disregard to the constitution continued to increase. They noted that not less than 21 state governors are currently running local government councils with caretaker committees.

    The duo said that the impunity and disregard to the constitution was a deliberate effort to upstage democracy, frustrate accountability and transparency in the local government and also thwart their development potentials.

    Adopting the motion, the House mandated the committees on state and local government affairs and finance to work with the RMAFC to withhold allocations to local governments run by unelected officials. The House also urged the Attorney-General of the Federation to institute legal action against any state that terminates the unexpired tenure of a local government. FG to Pay 36-Month Salary Arrears of Unity School Teachers

    Banks CBN Central Bank of Nigeria Investors Naira NGX Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website

    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

    Related Posts

    MarketNews

    CBN to Auction Nigerian Treasury Bills Totalling N750bn

    April 20, 2026
    News

    XRPUSD Dips to $1.40 as Buying Momentum Eases

    April 20, 2026
    News

    Naira Sees 1.13% Weekly Gain on FX Liquidity, Interventions

    April 19, 2026
    News

    Federal Government Debunks Hidden Spending Claims

    April 19, 2026
    Analysis

    FirstHoldco Gains 23% on Trading Volume, Pre-Q1 Positioning

    April 19, 2026
    News

    BTC/USD: Bitcoin Price Dips on Flight from Speculative Asset

    April 19, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    CBN to Auction Nigerian Treasury Bills Totalling N750bn

    April 20, 2026

    XRPUSD Dips to $1.40 as Buying Momentum Eases

    April 20, 2026

    Naira Sees 1.13% Weekly Gain on FX Liquidity, Interventions

    April 19, 2026

    Federal Government Debunks Hidden Spending Claims

    April 19, 2026
    Latest Posts

    CBN to Auction Nigerian Treasury Bills Totalling N750bn

    April 20, 2026

    XRPUSD Dips to $1.40 as Buying Momentum Eases

    April 20, 2026

    Naira Sees 1.13% Weekly Gain on FX Liquidity, Interventions

    April 19, 2026

    Federal Government Debunks Hidden Spending Claims

    April 19, 2026

    FirstHoldco Gains 23% on Trading Volume, Pre-Q1 Positioning

    April 19, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    CBN to Auction Nigerian Treasury Bills Totalling N750bn

    April 20, 2026

    XRPUSD Dips to $1.40 as Buying Momentum Eases

    April 20, 2026

    Naira Sees 1.13% Weekly Gain on FX Liquidity, Interventions

    April 19, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.