Tag Archives: TSA

A delegation from The Gambia Ministry of Finance and Economic Matters, the Central Bank of The Gambia and the country’s Accountant-General on Monday began a two-week strategic training in Abuja towards understudying the successful implementation of the Treasury Single Account (TSA) in Nigeria.

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The Federal Government has saved a total of N108.1bn from charges imposed by banks for managing funds belonging to its ministries, departments and agencies since the commencement of the Treasury Single Account in September 2015. The amount represents the various charges and account maintenance fees that were hitherto imposed by the Deposit Money Banks for holding government funds. The Accountant …

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The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the sum of $793.2m allegedly hidden with them in contravention of the Treasury Single Account policy The notice of discontinuance dated August 7, 2017 was brought pursuant to Order 50 Rule 2 Subsection 1, Federal High Court Civil …

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The Federal Government has said over N7 trillion was recorded in the nation’s Treasury Single Account (TSA) towards the end of March 2017. The Accountant General of the Federation (AGF), Mr Ahmed Idris, who disclosed this also said the amount represents monies belonging to different Ministries, Departments and Agencies (MDAs) put in portal to enable government view the entire balance as …

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The Minister of Finance, Mrs Kemi Adeosun has described the Treasury Single Account (TSA) policy as a success story, saying the Federal Government is determined to expand it to more agencies in 2017. According to a statement by the Special Adviser, Media, Mr Festus Akanbi on Tuesday in Abuja, she said this at the opening of a two-day retreat on …

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While the strike embarked upon by the Academic Staff Union of University (ASUU) continues to bite hard, the Federal Government yesterday has expressed optimism that the industrial action would soon be over. Permanent Secretary, Ministry of Labour and Employment, Dr Clement Illo, told newsmen in Abuja, the Nigerian capital that the government was positive that ASUU would soon resolve issue. …

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The Federal Government said, yesterday, that procurement procedure and low revenue were responsible for the delay in capital releases to service the 2016 Budget. The Minister of Budget and Planning, Senator   Udoma Udoma, disclosed this, in Abuja, while briefing the Sen. Danjuma Goje-led   Senate Committee on Appropriations, on the  2016 budget implementation. He lamented the level of performance …

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