Buhari Orders Nigerian Agencies To Switch To Treasury Single Account Or Face Sanction
Category: Nigerian National News
President Muhammadu Buhari has set a deadline of Tuesday, September
15 for full compliance with his directive that all revenue due to the
Federal Government or any of its agencies must be paid into the Treasury
Single Account (TSA) or designated accounts maintained and operated in
the Central Bank of Nigeria (CBN), except otherwise expressly approved.
A circular issued to all Ministries, Departments and Agencies of the
Federal Government by the Head of the Civil Service of the Federation,
Mr. Danladi Kifasi urged the MDAs to ensure strict compliance with the
deadline to avoid sanctions.
The circular – HCSF/428/S.1/125 of September 4, 2015 noted that a
number of MDAs were yet to comply with Circular Ref. No.
HCSF/428/S.1/120 of August 7, 2015 which conveyed President Buhari’s
original directive on the payment of all Federal Government revenue into
a Treasury Single Account.
“In this regard, His Excellency, Mr. President has directed that all
MDAs are to comply with the instructions on the Treasury Single Account
(TSA) unfailingly by Tuesday, September 15, 2015.
“Heads of MDAs and other arms of Government are enjoined to give this
Circular the widest circulation and ensure strict compliance to avoid
sanctions,” Mr. Kifasi wrote.
President Buhari had on August 9 ordered each and every Federal
Government Ministry, Department or Agency to start paying into a
Treasury Single Account (TSA) for all government revenues, incomes and
other receipts.
According to the directive, the measure is specifically to promote
transparency and facilitate compliance with sections 80 and 162 of the
1999 Constitution.
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