*Pledges sanctions against heads of MDAs engaging in fraudulent activities *Tackling corruption requires a holistic approach – Finance minister Philip Clement, Abuja President Muhammadu Buhari, on Tuesday, explained why the Treasury Single Account was opened by his administration. According to the President, the TSA was opened to address irregularities, ensure accountability, curb the incessant number […]
The Imo state government on Tuesday debunked media reports that Governor Hope Uzodinma has dropped the Treasury Single Account (TSA) introduced by former Governor Emeka Ihedioha Plateau seeks synergy with LGs to end recurring attacks A statement by the Chief Press Secretary/ Media Adviser to Gov. Uzodinma, Oguwike Nwachukwu said there is no controversy regarding the […]
Rivers State Governor, Nyesom Ezenwo Wike has announced that the State Government will soon commence the operation of Treasury Single Account to boost its revenue base. Governor Wike also charged the Rivers Internal Revenue Service (RIRS) to grow the State’s Monthly Internally Generated Revenue to N10billion. He spoke on Thursday during the Flag Off of […]
Ladesope Ladelokun The formidable IT Company, Systemspecs has urged the federal government to automate foreign exchange payments and to optimize data mining. This charged was made by the Chief Executive Officer, Systemspecs, Mr John Obaro at the First Accounting Technology Summit (ACCOUNTEKS) hosted by the Institute of Chartered Accountants of Nigeria (ICAN) in Lagos. According […]
The Federal High Court on Wednesday in Lagos, struck out the suit filed by the Federal Government seeking to recover $793.2 million allegedly kept by seven commercial banks in violation of the Treasury Single Account (TSA) policy. The defendants are: Diamond Bank, United Bank for Africa (UBA), First Bank, Skye Bank, Fidelity Bank, Sterling Bank […]
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 ₦287.9 billion 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 […]