‘ALGON yet to re­ceive N960bn CBN fund’

Daily Trust - - INSIDE POLITICS - By Ab­bas Ji­moh

The Board of Trustees (BoT) of the As­so­ci­a­tion of Lo­cal Govern­ments of Nige­ria (ALGON) has de­nied re­ceiv­ing $3.188b (N960bn) from the Cen­tral Bank of Nige­ria (CBN).

The board, there­fore, won­dered why con­trac­tors ow­ing lo­cal coun­cils were strug­gling to get their money.

The act­ing BoT sec­re­tary of the as­so­ci­a­tion, Bar­ris­ter Ted Iseghohi-Ed­wards, who stated this in a state­ment is­sued in Abuja, said that con­trary to re­ports, no part of the $3.188b from the fed­er­a­tion account meant for the 774 lo­cal gov­ern­ment ar­eas has been paid.

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