Tag: TSA
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FG to expand TSA coverage – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said the Federal Government is determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 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…
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FG closes 20,000 accounts with DMBs, saves N5.4tn into TSA
The Federal Government on Tuesday said it has closed down over 20,000 accounts belonging to Ministries, Departments and Agencies, MDAs domiciled with the various Deposit Money Banks, DMBs and saved over N5.4tn in the Treasury Single Account, TSA. TheNewsGuru.com recalls that TSA commenced in September 2015. The Accountant General of the Federation, Ali Ahmed Idris,…
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Address hindrances in TSA transactions, expert advises FG
A financial expert, Dr Samuel Nzekwe, has advised the Federal Government to intensify efforts in addressing the bottlenecks in the running of Treasury Single Account (TSA) in the country. Nzekwe, former President, Association of National Accountants of Nigeria (ANAN), gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in…
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TSA has helped curb corruption, says Obaro
He stands some 1.7 meters from the ground, but his vision pierces mountain heights. He spent only seven years at Nigeria’s famous iconic bank (of blessed memory), the International Merchant Bank (IMB) and had a swift rise to the top of the bank’s Information Technology (IT) unit. At IMB, his prowess was acknowledged and rewarded.…
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Nigeria’s economy would have been worse off without TSA – Obaro
What would have happened if Nigeria’s economy were running without today’s TSA (Treasury Single Account)? A situation where the Ministries, Departments and Agencies (MDAs) operated a motley 17,000 bank accounts; where the MDAs themselves did not know of the existence of many of these accounts; government itself did not know the volume of funds it…