The Digest:
The Federal Government has prohibited cash payments across all Ministries, Departments, and Agencies, directing them to install Point of Sale terminals within 45 days. This move, announced in a series of Treasury circulars, aims to enforce e-payments, curb revenue leakages, and fully implement the Treasury Single Account system.
Key Points:
- All MDAs must deploy POS terminals within 45 days to accept electronic payments
- Cash payments for federal revenue are now strictly prohibited nationwide
- The policy is enforced through four circulars from the Accountant-General’s office
- MDAs must display “NO CASH PAYMENT” notices at all revenue points
- Unauthorized deductions through payment platforms are also banned
- A new Federal Treasury e-Receipt system becomes mandatory from January 1, 2026
- The RevOP platform will centralize and monitor all government revenue in real-time
Sources: The Punch, Vanguard
