Posted By: ROTIMI FADEYI AND OMEIZA AJAYI
…gives Sept 15 deadline
President Muhammadu Buhari has set a deadline of Tuesday, September 15, for full compliance with his directive that all revenue due to the federal government or any of its agencies must be paid into the Treasury Single Account (TSA) or designated accounts maintained and operated in the Central Bank of Nigeria (CBN), except otherwise expressly approved.
A statement issued yesterday by Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, said a circular issued to all Ministries, Departments and Agencies of the Federal Government by the Head of the Civil Service of the Federation, Mr. Danladi Kifasi, urged the MDAs to ensure strict compliance with the deadline to avoid sanctions.
The circular – HCSF/428/S.1/125 of September 4, 2015 noted that a number of MDAs were yet to comply with Circular Ref. No. HCSF/428/S.1/120 of August 7, 2015 which conveyed Buhari’s original directive on the payment of all Federal Government revenue into a Treasury Single Account.
“In this regard, His Excellency, Mr. President has directed that all MDAs are to comply with the instructions on the Treasury Single Account (TSA) unfailingly by Tuesday, September 15, 2015. “Heads of MDAs and other arms of Government are enjoined to give this Circular the widest circulation and ensure strict compliance to avoid sanctions,” Kifasi wrote.
Buhari had ordered all MDAs to start paying into a Treasury Single Account (TSA) for all government revenues, incomes and other receipts. According to the directive, the measure is specifically to promote transparency and facilitate compliance with sections 80 and 162 of the 1999 Constitution.
According to a statement issued on August 9 by Senior Special Adviser to the Vice President on Media and Publicity, Laolu Akande said all receipts due to the federal government or any of its agencies must be paid into TSA or designated accounts maintained and operated in the Central Bank of Nigeria (CBN), except otherwise expressly approved.
The statement said the presidential directive would end the previous public accounting situation of several fragmented accounts for government revenues, incomes and receipts, which in the recent past had meant the loss or leakages of legitimate income meant for the federation account.
The directive applies to fully funded organs of government like the Ministries, Departments, Agencies and Foreign Missions, as well as the partially funded ones, like Teaching Hospitals, Medical Centres and Federal Tertiary Institutions.
The statement said for any agency that is fully or partially self-funding, Sub- Accounts linked to TSA are to be maintained at CBN and the accounting system would be configured to allow them access to funds based on their approved budgetary provisions.
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