EFCC has begun monitoring Local Government Funds

 


It is no longer a news that LGAs now have financial autonomy,owing to the supreme court verdict of 2024, affirming that LGAs should receive their monthly FAAC Allocations directly from the Country's treasury. According to the Minister of Finance and Co-ordinating Mimister of the Economy, Mr. Wale Edun, The allocations of the LG funds will take effect by february.

In lieu of this, The Anti-graft body of the federation, EFCC has announced that the has started monitoring the funds so that it won't be mismanaged or laundered abroad through the whims and caprices of corruption that is endemic in our political system. This is a welcome development by the anti-graft agency, beaming it's searchlight on the grassroots administration funds.

Though the Governors weren't happy that the LGAs which had been rendered moribound through paucity of funds will now have financial autonomy to fend for it's needs and execute some grassroot development projects in their domains, it's the best thing done by the tinubu's administration to revamp our LGAs so that they can come alive again. It is worthy of note that the law stipulates that any state governor that fails to conduct LGA Election to elect substantive council chairmen and councillors won't receive the FAAC Allocation.

Let see how the council chairmen will use the FAAC Allocations, either to fund their luxirious lifestyles or to execute some pivotal developmental projects and programmes for the citizenry. I hope EFCC shall effectively carry out it's role as a "financial watch dog" in exposing corrupt LGA chairmen that go against the proper use of the FAAC Allocation. We shall see as this will pan out in due course.

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