Posts Tagged ‘TSA’

Border closure not meant to punish our Neighbours – Nigerian Ruler Buhari speaks in London

President Muhammadu Buhari, on Saturday, in London said the partial closure of the Nigerian borders since August last year, was not intended to punish the neighbouring countries, but a measure aimed at strengthening the country’s security and economy. The president, who met with a select group of Nigerians, including the World Heavyweight Boxing Champion, Anthony […]

Executive Order: Gov Ihedioha to assent TSA, Block Leakages, close over 250 government accounts

The Imo State Governor, Rt. Hon. Emeka Ihedioha, will on Wednesday sign an Executive Order to bring into force the use of the Treasury Single Account by the State Government. Ihedioha revealed this on Tuesday night when he spoke with newsmen in Owerri, the Imo State capital. The governor said the signing of the Executive […]

NPA: Apology Aside, Intels Yet to State Readiness to Comply with FG’s TSA Policy

The Nigerian Ports Authority is yet to be notified of the readiness of Intels Nigeria Limited to comply with the Treasury Single Account policy of the government, the Managing Director of the NPA, Hadiza Bala-Usman, has told PREMIUM TIMES. Intels chief, Gabrielle Volpi, had on Thursday hinted at the logistics company’s readiness to comply with […]

Banks Threaten to Stop Using their Platforms for TSA

Nigeria’s Treasury Single Account (TSA) regime formulated by the Federal Government to shield its resources from pilfering may experience a flop, following hints that lenders are planning to stop the use of their platforms for TSA. The grouse of the banks is the one percent transaction charge, based on the use of Remita, an e-payment […]

CBN Recovers N8.6 Billion From (Remita) SystemSpecs

The Central Bank of Nigeria has recovered N8.6 billion fraudulently deducted by a Lagos-based software firm, SystemSpecs which provided the e-Payment/e-Collection solution used for Transfer of Government money by Banks to The treasury single account (TSA) . Sources in the CBN stated that the implementation of the modular solution was approved by the former CBN Governor who is the […]