BUHARI DIRECTS MDAs TO COMPLY WITH DIRECTIVE ON TSA BY SEPTERMBER 15 OR FACE SANCTIONS
Adetokunbo Fakeye
Nigeria’s President, Muhammadu Buhari has directed all Ministries, Departments and Agencies (MDAs) of the Federal Government to unfailingly comply with the instructions on the Treasury Single Account (TSA) by September 15, 2015 or face sanctions.
This directive was contained in press statement issued on Monday in Abuja by the Assistant Director (Media Relations) in the office of the Head of the Civil Service of the Federation, Mohammed Manga.
The statement stated: “In a Circular issued on Friday, September 4, 2015 by the Head of the Civil Service of the Federation, Mr. Danladi Kifasi, “it was observed that a number of MDAs are yet to comply with the directive.”
It further stated that an earlier Circular issued by the Head of the Civil Service of the Federation on August 7, 2015, announced the introduction of the TSA with the directive that all receipts due to the Federal Government or any of her Agencies are to be paid into the Federal Sub-Treasury account maintained in the Central Bank of Nigeria (CBN).
The implementation of the TSA, according to the circular, is expected to aid transparency and facilitate compliance with Sections 80 and 162 of theConstitution of the Federal Republic of Nigeria1999 (as amended).
