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July 14, 2026
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LG autonomy: CBN, 774 chairmen differ over councils’ account opening

Tomi Lala1 year ago1 year ago013 mins

The Central Bank of Nigeria has commenced profiling the chairmen and signatories to the bank accounts of the 774 local government areas in the country, as part of processes to commence local government autonomy. The Director of Legal Services at the CBN, Kofo Salam-Alada, explained that this was necessary to ensure financial accountability. However, the…

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