Buhari Gives Deadline On Remittance Of Govt Revenue Into Treasury Single Account

Posted by African Examiner Featured, Latest Headlines Monday, September 7th, 2015

By Niyi Adeyi – President Muhammadu Buhari has set a deadline of Tuesday, September 15, 2015 for full compliance with his directive on revenue due to the Federal Government (FG) 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.

The deadline was contained in a circular issued to all Ministries, Departments and Agencies (MDAs) of the Federal Government by the Head of the Civil Service of the Federation, Mr. Danladi Kifasi.

Kifasi in the circular with Reference No: HCSF/428/S.1/125 and dated September 4, 2015 urged the MDAs to ensure strict compliance with the deadline to avoid sanctions.

The Head of Service 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 President 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,” Mr. Kifasi directed.