The Accountant- General of the Nigerian Federation, Mr Ahmed Idris has expressed satisfaction with the level of compliance by Ministries, Departments and Agencies with the directive asking them to deposit remittances to the Treasury Single Account (TSA).
This is contained in a statement signed by Mrs Kenechukwu Offie, Deputy Director, Press, Office of the Accountant- General of the Federation (OAGF) in Abuja on Wednesday.
“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,’’ the statement said.
It said that the compliance was an indication that Nigeria was at 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.
Idris also commended all the MDAs that had complied with the directive on the transition to the TSA in view of the deadline.
According to the statement, erring MDAs will be sanctioned accordingly.
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 Sept.15.