Posts Tagged ‘Treasury Single Account’

Joint accounts: NFIU moves against states, releases new guidelines to LGs, banks on withdrawals

The Nigerian government has moved to block the illegal withdrawal of monies belonging to local councils by state governments. The information was contained in a statement signed by Ahmed Dikko, NFIU acting Chief Media Analyst, and made available to newsmen. On Monday, the Nigerian Financial Intelligence Unit (NFIU), directed all financial institutions, public servants and […]

Buhari’s TSA is ill-conceived says Chukwuma Soludo

Former Governor of the Cen­tral Bank of Nigeria (CBN), Prof. Chukwuma Soludo, on Thursday put the poli­cies of the Muhammadu Buhari ad­ministration on the scale, and de­clared that they were ill-conceived. Soludo, specifically picked on the Treasury Single Account (TSA), which he asserted was ruining the nation’s economy. He said that Nigeria can over­come the […]

N5Trn in TSA will be used in Economic Recovery, Kebbi produced 48,000 new millionaires – FG

The Presidency has ex­plained how the Fed­eral Government will spend the N5 trillion in the Treasury Single Account (TSA). It also disclosed that the agriculture revolution of the President Muhammadu Bu­hari administration has made a huge impact as Nigeria has emerged the second largest exporter of rice in the world. The Senior Special Adviser to […]

Sports Minister Begs Siasia, Dream Team VI, Pays Allowances

The Treasury Single Account (TSA) policy has been blamed for the delay in the payment of allowances and bonuses of players and coaching crew of the Dream Team VI in Rio. A statement issued by Ademola Olajire, the Nigeria Football Federation (NFF) Assistant Director of Communications quoted the federation’s President Amaju Pinnick as saying so […]

Senate Backtracks, Says “No Fraud in TSA”

The Senate has admitted as an error the N25 Billion fraud allegation levelled against SystemSpecs Limited, the indigenous technology company engaged by the Government to provide its Remita platform for the Federal Government’s Treasury Single Account project. The admittance of the gaffe was contained in the report of the Senate Joint Committee on Finance and […]

FG To Begin Salary Payment on 25th of Every Month – AGF

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, says the Federal Government plans to begins payment of staff salaries by the 25th of every month, as directed by President Muhammadu Buhari. Idris, who disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday, said “this is going to […]