President Muhammadu Buhari has directed all Ministries, Departments and Agencies (MDAs) of the Federal Government to ensure compliance with the government's directive on Treasury Single Account (TSA) by September 15, 2015 or face sanctions.
This was made known in a statement issued by the Head of the Civil Service of the Federation, Danladi Kifasi and signed by his Assistant Director (Media Relations), Mohammed Manga.
According to the statement, the deadline had been given in a circular issued on Friday, September 4, 2015 and according to the circular, “it was observed that a number of MDAs are yet to comply with the directive.”
On August 7, 2015, the Federal government in an earlier circular announced the introduction of the TSA with the directive that all receipts due to the Federal Government or any of her Agencies be paid into the Federal Sub-Treasury account maintained in the Central Bank of Nigeria (CBN).
The implementation of the TSA, is expected to aid transparency and facilitate compliance with Sections 80 and 162 of the 1999 Constitution of the Federal Republic of Nigeria (as amended).
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