Business Headlines

Why we introduced Treasury Single Account – Buhari

Ihesiulo Grace 1 December 2021 0

*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.

News

Uzodinma denies dropping TSA in Imo

Ihesiulo Grace 11 February 2020 0

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 […]

Politics

Rivers to operate Treasury Single Account – Wike

Ihesiulo Grace 21 November 2019 0

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 […]

Business

Systemspecs urges FG to optimise data mining, automate Foreign exchange payments

Ihesiulo Grace 7 May 2019

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.

Headlines News

FG’s suit against banks struck out by court

Ihesiulo Grace 9 August 2017 0

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 […]

News

FG seeks out-of-court settlement with banks over TSA

Ihesiulo Grace 8 August 2017 0

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 […]