HOW GOVT AGENCIES FLOUT TSA – HOUSE OF REPS

Finance Minister, Zainab Ahmed Some key government organisations have been avoiding the use of the Treasury Single Account (TSA) in the last three years, thereby causing a huge loss of revenue to the country. According to a report by the adhoc committee of the House of Representatives Committee on TSA, shortly before the end of the Eighth Assembly, the lawmakers affirmed that as of July 31, 2018, the platform processed more than N9.78 trillion, as against N4.21 trillion in the first year. Of N4.21 trillion in the first year, the…

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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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