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In a bid to escape the wrath of President Muhmmadu Buhari, some of the over 100 Ministries, Departments and Agencies of government (MDAs) were in a rush, Monday, to beat the deadline to open Treasury Single Accounts, TSA, with the Central Bank of Nigeria (CBN). Leading parastatals that had complied with the directive,  include the Customs Service, Federal Inland Revenue Service (FIRS), Nigeria Ports Authority (NPA), Nigeria Maritime Administration and Safety Agency (NIMASA),  Federal Capital Territory Administration (FCTA),  Nigerian Airspace Management Agency (NAMA) and  Nigerian Shippers Council (NSC). It was not clear, yesterday, if the Nigerian National Petroleum Corporation (NNPC), the country’s main revenue generator, has complied with the directive as the officers in-charge were yet to respond to Vanguard’s phone calls and text messages at press time.


The order was first made on August 7, 2015 and was repeated with a warning on September 4 following partial compliance by the agencies.  The measure is part of President Buhari’s bid to maintain accountability and stamp out corruption in the public service system. A circular issued to all MDAs of the Federal Government by the Head of Civil Service of the Federation, Mr. Danladi Kifasi, had urged the MDAs to ensure strict compliance with the deadline to avoid sanctions. The circular dated September 4, 2015, entitled “Re: Introduction of Treasury Single Account (TSA) (e-Collection of Government Receipts)” stated: “Further to the Circular Ref. No. HCSF/428/S.1/120 of August 7, 2015 on the above subject matter, it has been observed that a number of Ministries, Departments and Agencies (MDAs) of the Federal Government are yet to comply with the directive therein. In this regard, 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.”


The TSA is also to aid transparency and facilitate compliance with Sections 80 and 162 of the Constitution of the Federal Republic of Nigeria 1999 (as amended). Kifasi re-directed that all receipts due to the Federal Government or any of her agencies shall be paid into the TSA as follows: Account Name: Accountant General (Federal Sub-Treasury), Account No. 3000002095 maintained in the CBN, except otherwise expressly approved. TSA is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. It is a bank account or a set of linked bank accounts through which the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. Speaking on the issue, yesterday, CBN Director, Corporate Communication, Alhaji Ibrahim Muazu said the MDAs are responding, adding that by the end of today all of them would have complied. His words:  “There is a rush to meet the deadline tomorrow (today). They have been on it. The statement that they are rushing to beat the deadline cannot be wrong. They have been trying to meet the deadline. The CBN expects full compliance by today.”

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