The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
Facebook Twitter Instagram
Trending
  • Mock Accreditation: Why we migrated voters to new units – INEC
  • Buhari confers 115 Foreign Officers with Ambassador-in-situ
  • Naira swap: Police vow to apprehend lawbreakers at banks
  • Osun REC speaks on efficiency of BVAS machines
  • NEMA receives 1,003 Nigerian from Niger Republic, Libya
  • Lensview, CBN tango over alleged fraud in $54.2m bank guarantee transaction
  • Emefiele’s cashless policy heartless, Nigerians suffering – Sen. Adeyemi
  • 2023 Presidency: Buhari at APC rally in Nasarawa declares Tinubu as next President of Nigeria
Facebook Twitter Instagram
The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
The Eagle OnlineThe Eagle Online
Home»News»TSA: We uncovered N1.48b, 265 hidden accounts – Governor
News

TSA: We uncovered N1.48b, 265 hidden accounts – Governor

Hassan MuazBy Hassan MuazNovember 12, 2020No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Governor Inuwa Yahaya of Gombe state says his administration has uncovered N1.48 billion from 586 undisclosed accounts, while 265 hidden accounts linked to the previous administration was also uncovered.

Yahaya disclosed this in Gombe on Thursday while declaring open a one-day workshop on Treasury Single Account tagged: “Cash Management Strategy”.

The workshop was organised for chief accounting and paying officers, heads of Ministries, Departments and Agencies, as well as higher institutions.

He said since he signed implementation of the TSA, a lot of successes had been recorded as a total of 2, 292 accounts linked to the state government were captured in addition to the 265 hidden accounts discovered.

According to him, his administration had closed 586 dormant accounts after generating their annual account statements for proper reconciliation and documentations.

“This shows the enormity of the financial indiscipline and capacity inherited by his administration.

“You can imagine 2, 292 accounts being operated in one government and you expect proper accountability and records, we must do something to safeguard ourselves.”

According to him, if the state must make progress, reforms will be inevitable and for us, it is either we reform or we perish. There is no option.

He added that in order to further foster efficient management of cash resources, he approved the Cash Management Strategy for the state, stressing that such would help enhance budget performance by preventing costly budget overruns.

According to him, his administration does not see budget as mere figures, but as a tool of governance where expenditure must be carefully planned and backed by revenue in order to meet budget expectations.

He said in view of the scarce resources and the need to implement projects that would improve the living standard of the people, the implementation of the TSA was being leveraged to achieve results.

“There is no doubt that the COVID-19 pandemic has led to devastating economic consequences globally. To navigate this, states must develop innovative ways of saving cost, improving efficiencies and eliminating wastage.

“This requires the highest level of competence and professionalism from our accounting officers,” he said.

While charging participants to pay keen attention during the exercise, Yahaya expressed the hope that the workshop would result to prudency and transparency in management of state resources.

Cash Management Strategy Gombe State Governor Inuwa Yahaya TSA
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Hassan Muaz

Related Posts

Buhari confers 115 Foreign Officers with Ambassador-in-situ

February 5, 2023

NEMA receives 1,003 Nigerian from Niger Republic, Libya

February 5, 2023

Oborevwori greets Delta PDP Chair on birthday Anniversary

February 4, 2023
© 2023 The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.