Buhari Soft Pedals On Treasury Single Account, TSAs For Some Govt Organisations

Buhari Soft Pedals On Treasury Single Account, TSAs For Some Govt Organisations

11:03

There are indications that President Muhammadu Buhari has soft pedaled on his directive to all Ministries, Departments and Agencies, MDAs, to run a Treasury Single Account, TSA.

The deadline was for the 15th of September 2015 and according to Daily Post, the Office of the Accountant-General has granted an exemption to 13 MDAs in line with the e-collection and mop up exercise by the federal government.

However, the entities exempted are profit oriented government business entities that pay dividends to the Federal Government of Nigeria. They include Nigeria National Petroleum Corporation, Power Holding Company of Nigeria, Bank of Industry, Nigeria Railway Corporation, Federal Mortgage Bank of Nigeria, Bank of Agriculture and Niger Delta Power Holding Company/National Integrated Power Project.

Others are National Communication Satellite Limited, Galaxy Backbone Ltd, Ajaokuta Steel Company Ltd, Urban Development Bank, Nigerian Export – Import Bank and Transcorp Hilton Hotel.

They are to pay their dividends into the Treasury Single Accounts whenever there are declared.


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