BREAKING NEWS, Politics
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ALL federal ministries, departments and agencies, MDAs, have been given a deadline of September 15, to comply with President Muhammadu Buhari’s directive on the Treasury Single Account, TSA, order.
According to the Presidency, “by that deadline, all federal government revenues must go into the Central Bank Treasury Single Account, TSA, except otherwise expressly approved.”
A circular issued to all MDAs of the federal government by Danladi Kifasi, head of the civil service of the Federation, urged all concerned to ensure strict compliance with the deadline to avoid sanctions.
“Heads of MDAs and other arms of Government are enjoined to give this circular the widest circulation and ensure strict compliance to avoid sanctions,” Kifasi wrote.
Buhari had on August 11, ordered all revenue generating MDAs to start operating TSA accounting system.
Specifically, the MDAs will henceforth pay all their revenues to a sub-account that is linked to the TSA at the Central Bank of Nigeria.
To ensure quick compliance with the directive, Kifasi gave the federal sub-treasury account name and number as Accountant General: 300002095.
Some of the MDAs affected by the directive include Nigerian National Petroleum Corporation, NNPC; CBN; Security and Exchange Commission, SEC; Nigerian Ports Authority, NPA; Nigeria Customs Service, NCS; Nigeria Immigration Service, NIS: and Federal Inland Revenue Service, FIRS, among others.
— Sep 7, 2015 @ 12:10 GMT
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