NPA writes AGF over its dispute with Intels, seeks clearance to restore contract

The Nigerian Ports Authority (NPA) has said that its disagreement with Intels Nigeria Limited over the Treasury Single Account (TSA) of the Federal Government is now resolved. Background: NPA and Intels have been engaged in a dispute over revenue sharing structure and payment procedure. Eventually, Intels apologised, stating its readiness to comply with TSA. As... Read More

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Abubakar Malami, Hadiza Bala Usman, Intels Nigeria Limited, NPA, Treasury single account

August 9, 2017

FG should pay N20m damages, banks tell court

Although, the case has been struck out, the banks, which were accused of hiding monies and contravening the TSA policy of the Federal Government claimed that the allegation against them was false. They urged the judge not to merely strike out the suit but to dismiss it and award N20 million cost against the Federal... Read More

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Nigerian commercial banks, Treasury single account, TSA

August 8, 2017

TSA breach: FG files notice to withdraw suit against 7 commercial banks

The Federal Government on Tuesday filed a notice to withdraw its suit against seven commercial banks for not remitting $793.2 million to the Treasury Bill Account. The banks are Skye Bank Plc, First Bank Plc, Keystone Bank Plc, Diamond Bank Plc, Sterling Bank Plc and Fidelity Bank Plc. Punch reports that the notice dated August... Read More

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banks, FG, suit, Treasury single account, TSA breach, withdraw

February 16, 2017

How one university operated over 100 accounts before TSA – AGF

by Azeez Adeniyi The Accountant-General of the Federation, Ahmed Idris has disclosed that the implementation of the Treasury Single Account (TSA) has uncovered over 100 accounts by a federal university. He said this during the TSA retreat which ended in Abuja on Wednesday. Idris who refused to mention the name of the institution said the... Read More

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Accoutant General of the Federation, Ahmed Idris, Treasury single account, University 100 accounts

September 1, 2016

National Assembly to remove NHIS from Treasury Single Account

The National Assembly on Thursday said it is planning to exempt the National Health Insurance Scheme and other emergency-related agencies from the Treasury Single Account of the Federal Government. This was stated by Chairman of the House of Representatives Committee on Health, Hon. Chike Okafor, represented by the deputy chairman of the committee, Muhammad Usman during a three-day... Read More

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House of Representatives Committee on Health, national assembly, National Health Insurance Scheme, nhis, Treasury single account, TSA

August 31, 2016

Just In: CBN reinstates banks suspended from forex trade

The Central Bank of Nigeria (CBN) on Wednesday reinstated nine banks that were recently suspended from the foreign exchange market over non-remittance of oil money. The apex bank’s Director of Banking Supervision, Tokunbo Martins said in Abuja that the banks were reinstated after presenting repayment plans. The Nine banks were suspended last week for not remitting about... Read More

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CBN, central bank of Nigeria, foreign exchange, Nigerian National Petroleum Corporation, NINE BANKS, reinstated, Treasury single account

August 24, 2016

CBN re-admits UBA into the Forex market

The Central Bank of Nigeria (CBN) has been re-admitted the United Bank for Africa (UBA) into the foreign exchange market after the bank remitted all outstanding NNPC/NLNG deposits in its possession to NNPC’s Treasury Single Account (TSA) at the CBN. “Further to the directive of the Central Bank of Nigeria (CBN) to all Deposit Money Banks (DMBs) to... Read More

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$21.2 billion, CBN, nnpc, non-remittance, Treasury single account

April 21, 2016

Nigeria has ‘over N2.7trn in Treasury Single Account’

Federal government workers across the nation can hope to receive their monthly salaries early enough – due to a directive from President Muhammadu Buhari to the Office of the Accountant-General of the Federation. A statement released by the deputy director of the OAGF, Kene. N. Offie, on Thursday, April 21, indicated that the federal government... Read More

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economy, Federal Government, hardship, ministries, money, nigeria, salary, Treasury single account

September 7, 2015

BREAKING: Buhari issues deadline for compliance with Treasury Single Account

President Muhammadu Buhari has issued a Tuesday, Sept 15, 2015 deadline for all federal MDAs to comply with the Treasury Single Account (TSA) directive. This was disclosed on Buhari’s official Twitter handle on Monday. Pres @MBuhari has issued a Tuesday, Sept 15, 2015 DEADLINE for all federal MDAs to comply with the Treasury Single Account (TSA) instruction... Read More

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Buhari, dealine, MDA, Treasury single account, TSA

August 10, 2015

‘NNPC, CBN, DPR, others will henceforth maintain a single account’

President Muhammadu Buhari has ordered all ministries, agencies and departments of government to stop operating multiple bank accounts for keeping their revenues and incomes. Henceforth, all agencies must maintain a Treasury Single Account, domiciled with the CBN for revenues and other receipts. The directive was communicated to the public on Sunday, by the Senior Special Assistant to... Read More

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CBN, DPR, FAAN, nnpc, NPA, Treasury single account