Treasury Single Account

The Federal Government and Transparency International, TI, have continued in their disagreements over the state of the war on corruption in Nigeria as they trade tackles during an anti-corruption radio programme in Abuja this Wednesday.

The Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo, has approved the sum of N30.77 billion for various projects which include power, aviation, transport, roads and electricity.

Prof. Jeffrey Barminas, Director-General (D-G), National Research Institute for Chemical Technology (NARICT) Zaria, has denied allegations of corruption and abuse of office made against him by the Network For Justice, an NGO.

The Imo State Executive Council rose on Wednesday from its regular meeting presided over by Governor Hope Uzodinma and directed that cash payments will no longer be accepted in the ministries, departments and agencies of government.

President Muhammadu Buhari on Tuesday in Abuja called for an overhaul of the national strategy on cyber security, urging more emphasis on exploring the internet for economic growth opportunities, enhancement of knowledge and mitigation of crime.

The Presidential Amnesty Programme (PAP) on Friday said it returned unspent N26 billion to the national treasury in compliance with extant financial regulations.

The All Progressives Congress (APC) says it will not be distracted from its focus of delivering its campaign promises to Nigerians in spite of the numerous challenges.

Gov. Ifeanyi Ugwuanyi of Enugu State has reiterated his administration’s resolve to ensure that the state remains the safest and most-secured in the country.

The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.

The CBN, in its third quarter economic report, a copy of which newsmen obtained yesterday, however, said aggregate forex inflow to the economy declined by 2.2 per cent and 30.4 per cent below $21.95 billion and $30.83 billion in the preceding quarter and corresponding quarter of 2019, respectively.

The Central Bank of Nigeria (CBN) has introduced a new pricing regime for the enhanced Treasury Single Account (TSA) e-collection model.

Gombe state has been selected for the implementation of the United States Agency for International Development-funded state2state governance programme through the Development Alternative Initiative (DAI) to support the state’s reform efforts of making service delivery efficient and accountable.

The Nigeria Export Processing Zones Authority (NEPZA), the agency responsible for promoting and facilitating local and international investments into licensed free export processing zones (EPZ), says it will introduce a new system for free zone registration from January 1, 2021.

President Buhari has expressed his desire to make Nigeria a country that has no tolerance for corruption, but one where the menace is vigorously battled, describing as abomination allegations of corruption in the commission.

President Buhari on Friday, explained the reason he set up Judicial Commission of Inquiry to investigate suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.

President Muhammadu Buhari has said his desire is to make Nigeria a country that has no tolerance for corruption, but one where the menace is vigorously battled.

According to a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President spoke while receiving the report of the Justice Ayo Salami (retd.)-led Judicial Commission of Inquiry on the Investigation of the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu.

President of the Senate, Ahmad Lawan, has advised the Federal Government to explore the use of relevant technology for the purpose of revenue collection by its agencies, so as to prevent the diversion of public funds into private pockets.

Kaduna State Governor, Malam Nasir El-Rufa’i, has challenged auditors in the public service to save the nation’s government institutions from collapse by ensuring that the country’s dwindling resources are judiciously utilised.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this while signing a Memorandum of Understanding (MOU) on the TSA with the Government of The Gambia, in Abuja, yesterday.

The implementation of the Treasury Single Account (TSA), has been of immense benefit to the country as the Federal Government now saves an average of N45 billion monthly in interest payments.

Governor Inuwa Yahaya of Gombe state says his administration has uncovered N1.48 billion from 586 undisclosed accounts, while 265 hidden accounts linked to the previous administration were also uncovered.