The Federal High Court in Lagos had on Thursday ordered seven commercial banks to temporarily remit a total of $793.2 million allegedly hidden by them in contravention of the Federal Government’s TSA policy.
Browsing: Treasury Single Account
The Bank’s denial stemmed from a court ruling on Thursday that seven banks, including Skye Bank, were concealing $793,200,000 under the scheme
A Federal High Court sitting in Lagos had on Thursday ordered seven banks, including UBA Plc, to temporarily remit the sum to the account of the Federal Government
The award was in recognition of Remita’s continued leadership and innovation of the financial technology space through the facilitation of secure and seamless financial transactions
This was revealed by the Accountant General of the Federation, Ahmed Idris
The stamping out of large-scale corruption and inefficiency which characterized the Nigerian polity in the past has started to propel governance as an institution under President Buhari
The AGF made this disclosure during his welcome address at the opening of a two-day retreat on the one year of the TSA implementation, the benefits, challenges and way forward, being organised by his office at the International Conference Centre, Abuja from February 14 to 15, 2017
Speaking in Abuja at the opening of a two-day retreat on the TSA, the Minister, who described the implementation of the policy as a success story, said the Federal Government would expand the programme and continue to persuade statutory agencies to come under the Treasury Single Account
The News Agency of Nigeria reports that the Governor of the CBN, Godwin Emefiele, issued the threat in Lagos on Monday at the stakeholders’ forum organised by the Nigerian Content Development and Monitoring Board
The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in a statement issued on Thursday in Lagos
Eric Omare, the council’s spokesman, made the call in a statement made available to newsmen in Warri, Delta State
The Minister made these disclosures in Abuja while addressing the media on the recovery of revenue from government agencies
It said this is despite the announcement by the Central Bank of Nigeria that nine commercial banks, inclusive of Diamond Bank, have been barred from foreign exchange transactions for alleged infringement on the Treasury Single Account directive last year
The Central Bank of Nigeria had on Tuesday listed UBA as one of the nine Banks that had failed to remit the deposits of the NNPC and NLNG based on the Treasury Single Account
A statement issued by Ademola Olajire, the Nigeria Football Federation’s Assistant Director of Communications, quoted the federation’s President, Amaju Pinnick, as saying so when he communicated with the team’s handler, Samson Siasia, on telephone
‘The senators have shown a lot of maturity, patriotism and support. Nobody would even know that there is a slim majority. Without that support, that unity, majority of the issues we want to discuss especially those that border on reforms of this country cannot take place. They think of Nigeria first. I am happy and honoured by the support they have given me’
Odusile, who made the call while reviewing the one-year administration of the All Progressives Congress-led government in Abuja on Saturday, said the President needed to act quickly to address the untold hardship being faced by Nigerians
The governor, who maintained that President Muhammadu Buhari lacked the required mental capacity to rescue the country from the present economic problems, added that it was an insult for a Federal Government that appeared to be clueless to be preaching its unworkable policies to other tiers of government
Idris made this appeal while receiving members of the Senate Committee on Public Accounts
Soludo also faulted the implementation of the Treasury Single Account by the Federal Government