Buhari Orders Nigerian Agencies To Switch To Treasury Single Account Or Face Sanction

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.

Premium Times