BREAKING: Nigerian Gov Orders Closure of Govt Agencies' Accounts, Gives Reason

• Kano Governor Abba Kabir Yusuf has ordered the closure of state government agencies' bank accounts
• Governor Yusuf then directed that all government agencies and parastatals should maintain a single treasury account
• The development was disclosed at the meeting between the governor and heads of MDAs in the state on Wednesday, August 28

Kan- - Governor Abba Kabir Yusuf of Kano State has directed the Accountant-General to immediately close the bank accounts of all state ministries, departments, and agencies (MDAs).

This decision was announced during a meeting at the Government House on Wednesday, August 28, with the Kano State Internal Revenue Service Chairman and heads of MDAs. The chairman added that the agency should merge into a single treasury account.

Governor Yusuf's directive aims to ensure that all government revenues are appropriately accounted for and utilized for the state's development. By closing the bank accounts, the governor seeks to centralize financial management and prevent mismanagement of funds.

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The move is expected to enhance transparency and accountability in the state's financial dealings, allowing the government to effectively track and utilize resources for the benefit of the people of Kano State.

Kano unveils new tax collection plan

Zayyid Abubakar, the Kano State Internal Revenue Service chairman, also unveiled a new tax collection plan under the unified treasury account system. The plan is expected to increase revenue and curb fund mismanagement.

The directive and new plan demonstrate the state government's commitment to enhancing financial transparency and accountability.

Governor Yusug warned of consequences for non-compliance, adding that the move was to centralize financial management and prevent misappropriation of government funds.

Recall that the New Nigeria Peoples Party (NNPP)- led government in Kano has taken several steps to restructure the state's affairs since taking over after the 2023 election.

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Kwankwaso's nephew arrested in Kano

Legit.ng earlier reported that Garba Kwankwaso, Rabiu Kwankwaso's nephew, is the NNPP national leader and the managing director of Novomed Pharmaceuticals.

The former governor's nephew was arrested along with four others over the allegation of N348.3 million drug scam in the state.

Governor Abba Kabir Yusuf, the governor of the state, has earlier denied knowing about the contract, which has generated an outcry among many people.

Source: Legit.ng