Browsing: Treasury Single Account

Metuh said the PDP had watched with keen interest some disturbing developments in recent times, particularly disagreement between the National Assembly and the Federal Executive Council on controversies surrounding the handling of the TSA

In a statement issued in Abuja on Tuesday, the Minister reiterated the fact that less than N2 trillion has accrued to the TSA, hence the one per cent charge on the amount could not have been N25 billion

According to a circular obtained from banking industry sources, while the CBN imposed a penalty of N1,877,409,905.12 on FirstBank, UBA was fined N2,942,189,651.45 for its failure to comply with the Federal Government’s policy

A circular issued to all Ministries, Departments and Agencies of the Federal Government by the Head of the Civil Service of the Federation, Danladi Kifasi, urged the MDAs to ensure strict compliance with the deadline to avoid sanctions

According to the directive, this measure is specifically to promote transparency and facilitate compliance with sections 80 and 162 of the 1999 Constitution