FG RAKES IN 10 TRILLION FROM TSA

The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 Ministries, Departments and Agencies (MDAs). An official in the Office of the Account-General of the Federation (OAGF), Afolabi Ajayi, dropped the hint on Thursday at the Peer Review Mechanism of Ministries Departments and Agencies (MDAs) 2019 in Abuja to the Head of Civil Service of the Federation HoCSF). Making the presentation, Ajayi stated that under TSA, the government has been able to save over N45 billion monthly in interest on ways…

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TSA DIRECTOR ACCUSES MDAS OF OPERATING ILLEGAL ACCOUNTS

Adelani Adepegba, Abuja The Director, Treasury Single Account, Sylva Abor, has said that some Federal Ministries, Departments and Agencies are still operating illegal accounts outside the TSA. He explained that few MDAs were given exemptions on certain grounds by the Federal Government, but added that many others were flouting the TSA policy. Abor stated this during a meeting in Abuja with a civil society group, United Global Resolve for Peace, led by its Executive Director, Shalom Olaseni. This was contained in a statement issued by the UGRFP on Sunday. The…

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MINISTERS STILL OPERATING BANK ACCOUNTS NOT COVERED BY TSA – FUGITIVE MAINA

Former chairman of the Pension Reforms Task Team (PRTT), Abdulrasheed Maina, has resurfaced with corruption allegations against serving officials in the administration of President Muhammadu Buhari. Mr Maina, a fugitive declared wanted by the Economic and Financial Crimes Commission (EFCC) alleged that some top government officials are still operating bank accounts not linked to the Treasury Single Account (TSA). TSA is a public accounting system using a single account, or a set of linked accounts by government to ensure all revenue receipts and payments are done through a Consolidated Revenue…

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HOUSE OF REPS ACCUSES BANKS OF WITHHOLDING 996MIL DOLLARS FROM.TSA

[FILES] Dogara, Members of the House of Representatives The House of Representatives yesterday alleged that the sum of $995.71 million was yet to be remitted to the treasury single account (TSA) by deposit money banks (DMBs) in defiance of the Federal Government’s directive. Adopting report of the Danburam Nuhu Abubakar-led ad hoc committee probing the implementation of the policy, the chamber, presided over by Speaker Yakubu Dogara, said the sum included the principal deposits and their accrued interests. Besides, it claimed that N1.207 billion and € 23,704.01 were still to…

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