Posted By: GEORGE OJI

…says increment to avert future scarcity

The Senate has added N108bn to the N413bn contained in the supplementary appropriation request sent to it by President Muhamadu Buhari for approval for the payment of outstanding fuel subsidy to oil marketers.FUEL-SCARCITY

The addition, which was proposed by the Senate Appropriation Committee yesterday, is to cover fuel subsidy for the last quarter of this year.

This new addition has therefore brought the total outstanding fuel subsidy requirement to N521bn. The lawmakers explained that the new addition was not part of the N413bn requested for by the President. Read More →

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Nicholas Ibekwe


The governor of President Muhammadu Buhari’s home State, Katsina, Aminu Masari, lied to the president to get more than N11 billion bailout supposedly to pay workers’ salary arrears, PREMIUM TIMES can authoritatively report today.BelloMasari_SpeakerHouseofRepresentatives

Feigning insolvency, Katsina State applied as one of the 27 states in need of bailout from the Federal Government to pay workers owed salaries for months.

In a letter to the speaker of the state’s House of Assembly, titled: “Bailout on Outstanding Salary for Workers of the State and Local Governments” with number S/SGKT/154/3 dated August 26, 2015, Mr. Masari said when he took office on May 29, his government inherited two months outstanding salary of workers of the state and local government from the previous Ibrahim Shema administration. Read More →

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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.buhar

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. Read More →

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By Olakiitan Victor in Ado Ekiti

 

Ekiti State Governor, Mr Ayo Fayose, has told the workers that the N9.6 billion being proposed as a bailout from the Central Bank of Nigeria to the State to pay workers’ salaries would increase the debt burden of the State.Ayo-Fayose

Fayose had also pardoned the 31 workers caught coming late to work on Monday, saying the gesture was targeted to smoothen the working relationship between him and the entire workforce. Read More →

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Olalekan Adetayo

 

 

President Muhammadu Buhari on Sunday ordered all ministries, agencies and departments of government to immediately put a stop to the current arrangement in which they operate multiple bank accounts for the purpose of keeping revenues and incomes.President-Muhammadu-Buhari

He said henceforth, agencies of government must start paying revenues, incomes and other receipts into what he called a Treasury Single Account domiciled with the Central Bank of Nigeria.

The directive was contained in a statement made available to journalists by the Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande.
Akande explained that the President’s directive was meant to promote transparency and facilitate compliance with Sections 80 and 162 of the 1999 Constitution.

“Henceforth, 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, except otherwise expressly approved,” the statement said. Read More →

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By Luka Binniyat

 

The Kaduna State Government on Thursday announced its decision to commence implementation of consolidated single account, otherwise known as the Treasury Single Account (TSA) framework from 1 September 2015. A statement signed, Nasir-el-RufaiWednesday, in Kaduna by Samuel Aruwan, spokesman of Governor Nasir El Rufai of Kaduna state on behalf of the governor read that all banks holding monies of Kaduna state government should close them and return the balances to the new TSA which had been opened at the Central Bank of Nigeria, CBN.

While reading the statement, Aruwan said, “Kaduna State Government will henceforth commence implementation of the Treasury Single Account (TSA) framework by 1 September 2015.

As part of the process of attaining this goal, all banks that maintain the accounts for Kaduna state government have been put on notice to close them and remit the balances to the Central Bank of Nigeria which will host the state’s TSA.” Read More →

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