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Nigeria to Bar Cash Withdrawals from Government Accounts

Nigerian officials will be barred from withdrawing cash from government accounts from March 1, the head of the Nigerian Financial Intelligence Unit (NFIU) said in a statement. The new rules, which will apply to federal, local and state officials, are aimed at combating money laundering and corruption and are in line with government efforts to move Africa's most populous nation toward a cashless economy. (Reuters)

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