TSA: AGF Expresses Satisfaction Over Level Of Compliance By MDAs | Independent Newspapers Limited
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TSA: AGF Expresses Satisfaction Over Level Of Compliance By MDAs

Posted: Sep 17, 2015 at 12:25 am   /   by   /   comments (0)

By Chibuzor Emejor,


The Accountant- General of the Federation, Ahmed Idris, on Wednesday  expressed satisfaction with the level of compliance by Ministries, Departments and Agencies (MDAs) on the directive of Mr. President mandating them to deposit remittances to the Treasury Single Account (TSA).

This is contained in a statement signed by Deputy Director, Press, Office of the Accountant- General of the Federation (OAGF),Mrs. Kenechukwu Offie, in Abuja

According to the statement, “At the close of business on Tuesday, Sept. 15, almost all MDAs, especially the revenue yielding ones have all complied with the Presidential directive to transit to the TSA.”

It said that the compliance was an indication that Nigeria was on the threshold of a new era of transparent and accountable management of public finances.

The statement also said that Idris thanked all the MDAs for their cooperation.

The Accountant General also commended all the MDAs that had complied with the directive on the transition to the TSA in view of the deadline.

However, the statement pointed out that MDAs that failed to meet up with the deadline would be sanctioned accordingly.

It would be recalled that President Muhammadu Buhari had directed that all MDAs deposit their remittances into a single account with the Central Bank of Nigeria (CBN) on or before September15, 2015.