The Nigerian government has raised the contribution of aviation agencies to the Treasury Single Account from 40% to 50%, causing unrest among industry stakeholders. The policy threatens operational sustainability and safety standards, prompting calls for exemptions from the increased remittance...
In a bid to bolster revenue generation and instill financial discipline, the Federal Ministry of Finance has directed all Ministries, Departments, and Agencies (MDAs) to remit their entire internally generated revenue (IGR) to the newly established Treasury Single Account (TSA). The circular...
President Muhammadu Buhari has ordered the sale of all assets that were recovered from alleged corrupt public officials, and the proceeds remitted into the federal government-owned Treasury Single Account (TSA).
The federal government, through its anti-graft Economic and Financial Crimes...
Former chairman of the Pension Reforms Task Team (PRTT), Abdulrasheed Maina, has resurfaced with corruption allegations against serving officials in the administration of President Muhammadu Buhari.
Mr Maina, a fugitive declared wanted by the Economic and Financial Crimes Commission (EFCC)...
The Accountant-General of the Federation, Ahmed Idris has disclosed that the Federal Government has within a period of two years incurred a total of N16 billion as transaction costs on the Treasury Single Account (TSA).
In a statement issued by the Director of Press, Office of the...
President Muhammadu Buhari yesterday, in Abuja, said his administration remains focused and energised in ensuring accountability in the country, noting that enforcing the Treasury Single Account (TSA) was not optional for growth.
Receiving executives of the Association of National Accountants...
President Muhammadu Buhari has come for former President Goodluck Jonathan again, saying the Treasury Single Account only existed as an idea under the previous administration instead of using it to block financial leakages.
President Buhari made the disclosure in Abuja on Monday at the opening...
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Seven commercial banks in the country have been ordered by a Federal High Court in Lagos to temporarily remit a total of $793, 200, 000 allegedly hidden with them in contravention of the Federal Government’s Treasury Single Account, TSA, policy.
The presiding judge, Justice Chuka Obiozor...
Since the commencement of the Treasury Single Account in September 2015, over 20,000 accounts with Deposit Money Banks belonging to Ministries, Departments and Agencies have been closed with a total sum of N5.24tn moved into the TSA.
The Accountant General of the Federation, Ali Ahmed Idris...
Kaduna state governor Nasir el-Rufai has launched the Treasury Single Account, TSA, Operations Manual.
In a statement released on Thursday in Kaduna by his spokesperson Samuel Aruwan, the manual records the experience of Kaduna State in implementing the Treasury Single Account.
The launch of...
The Central Bank of Nigeria on Friday injected dollars into the market after a downtime in foreign exchange trade for a few days, PM News reports.
This development was announced on Saturday by the Bola Onadele, the managing director of the FMDQ, a regulator comprising Nigeria's main...
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