Already, President Muhammadu Buhari’s resolve to rid Nigeria of corruptive elements is fast yielding results as billions of naira are being saved in the process.

Shortly after his inauguration, President Buhari ordered every Federal Government Ministry, Department and Agencies to start paying into a Treasury Single Account (TSA) for all government revenues, incomes and other receipts.

The Daily Times gathered that through the implementation of the TSA, a whopping N8 billion was uncovered in a single account in an old generation bank. The said amount is said to be operated in the name of a defence operation account.

A text message to the Group Head, Marketing and Corporate Communications of the bank, to authenticate the story, was not responded to as at press time. Similarly, Senior Special Assistant to President Buhari on Media and Publicity, Mallam Garba Shehu, did not also respond to a text message sent to him to speak on the alleged uncovering of the amount in the bank as at press time.

Col. Rabe Abubakar, Acting Director of Defence Information was also contacted through a text message but failed to respond to it as at press time.

It would be recalled that President Buhari had earlier promised state governors at the inaugural meeting of the National Economic Council, NEC, in June, that all revenues prescribed for lodgement into the federation account will be treated as such under his watch and that he will ensure strict compliance with all relevant laws on accounting, allocation and disbursement.

Since then, the Presidency has worked with relevant agencies of the Federal Government to evolve this policy directive.

This directive applies to fully funded organs of government like the Ministries, Departments, Agencies and Foreign Missions, as well as the partially funded ones, like Teaching Hospitals, Medical Centres, Federal Tertiary Institutions, etc.

Agencies like the CBN, SEC, CAC, NPA, NCC, FAAN, NCAA, NIMASA, NDIC, NSC, NNPC, FIRS, NCS, MMSD, DPR are also affected.

For any agency that is fully or partially self-funding, Sub-Accounts linked to TSA are to be maintained at CBN and the accounting system will be configured to allow them access to funds based on their approved budgetary provisions.

Source: http://dailytimes.com.ng/buharis-tsa-saved-nigeria-billions-naira/

Lalasticlacla please tell Nigerians the benefit of Mr President's TSA

yazach:
Lalasticlacla please tell Nigerians the benefit of Mr President's TSA

Please shut up... which one be Mr. president's TSA?? APC and borrow borrow.

This TSA has really cut corrupt civil servants to size see all of them lamenting in Abj o. Useless oppression for town don reduce to the minimum.. lol

Buhari did not introduce TSA!

It was conceived, defended and approved by the last administration.

otil1:
Buhari did not introduce TSA!
It was conceived, defended and approved by the last administration.

You dey mind the talkative sai chanters?!

I will give Buhari a thumb up for implementing this.

kokoA:
This TSA has really cut corrupt civil servants to size see all of them lamenting in Abj o. Useless oppression for town don reduce to the minimum.. lol

really ? Is that how abj is now?

otil1:
Buhari did not introduce TSA!

It was conceived, defended and approved by the last administration.

In all of GEJ's 5 year tenure, why wasn't it implemented? In less than 3 months into Buhari's administration, it has fully been implemented. Keep deceiving yourself.

See corrupt civil servant just de abuse Buhari's administration for abj, just waiting for them to start selling their properties. I no fit shout

kokoA:
This TSA has really cut corrupt civil servants to size see all of them lamenting in Abj o. Useless oppression for town don reduce to the minimum.. lol

thankyouJesus:
I will give Buhari a thumb up for implementing this.

Given that it has only been 5 months and it has fully been implemented, kudos should go to PMB. This is something GEJ couldn't implement throughout his tenure.

hmuhammad:
See corrupt civil servant just de abuse Buhari's administration for abj, just waiting for them to start selling their properties. I no fit shout

I'm telling you bro. That's what I'm waiting for.. when they finish spending their remaining loots they will be forced to start selling their properties at give away prices just to sustain their lifestyles. Duplex for maitama go soon come down to 25million

otil1:
Buhari did not introduce TSA!

It was conceived, defended and approved by the last administration.

In pubic policy formulation, implementation and evaluation, policy intended and policy actualised are completely 2 different things. Policy is no policy until it is actualised. The current NNPC boss, Ibe KaChakwu was appointed by Buhari, the PDP claimed that Ibe Kachuwu was discovered by GEJ. 6 years down d line, GEJ did not appoint him even towards GEJ's last lap of his tenure when he was making last minute appointment rush where every TOM, DICk and HARRY where appointed, GEJ couldn't remember appointing Mr Kachukwu until Buhar came onboard to appoint him only for the PDP through Olisa Metu to go to the media to tell Nigerians how GEJ discovered Mr Kachuwu. Abeg make hear word. TSA account is President Buhari's noble idea.

Best Presido

So it is now Buhari's TSA?

PMB my Presido.. ride on Sir

Dis wailer will soon come to Nairaland and beg for forgiveness

I can authoritatively tell u that TSA has reduced corruption in d Civil service by 95%....

If u don't believe me, go and investigate urSelf and see

The policy was well thought out and it's a nice path towards public probity and accountability. Electronic payments of taxes and excise duties and deployment of drones in every border(to let d customs officers know they are being monitored will also help block leakages and help in our over reliance on oil.... D level of corruption(bribery) that these customs people(border patrol) engage in is beyond measure

An average buhari supporter is clutching at every straw to justify electing an incompetent government... God bless him though.

Great

".....a whopping N8 billion was uncovered in a single account in an old generation bank. The said amount is said to be operated in the name of a defence operation account".Jonathan sef

So Buhari can now implement all his campaign promises, not so
At least no more complaints of no money abi ke!


www.nairaland.com/attachments/2491559_twimg20150606110308_jpeg4924ed8fc95c29bd13a67cca7f6c6f8e



[img]http://i.onthe.io/vllkytaHR0cDovL2Nkbi0wMS5uYWlqLmNvbS9vL1V6ZFdvaHFUeExMMUZ2SXY2Q1UxQVNWSy5qcGc=.prx.r800x600.b56815dc.jpg[/img]




www.nairaland.com/attachments/3018404_fbimg1440078497612_jpeg3a8a60a93f1e032153541a608593102d

thank God for PMB and his team for Gods given wisdom

Like i said before, i no longer hear news of mysterious billions of naira disappearance..

Before, na so so disappearance of billions of naira person dey hear for radio as if the na small paper be the billions of naira wey dem dey talk about.

I believe this TSA also helped in putting an end to the mysterious funds disappearance.

God bless federal republic of Nigeria
God bless PMB


check my signature for ur customised wristbands

Chanters every where... chants of Daura, Chants of dullard, Chants of ignorance.

Who will save the "sai baba" Chanters from propaganda n mediocrity?

Sai Buhari.

Pay us our salary

I think another big benefit from this TSA implementation is that banks will be more customer-focused. Most of the banks we have right now are basically MDA savings accounts and those are the customers they care about. If all those monies are taken away from them, they will be nicer to the ordinary consumer and become more creative to attract money to their bank. This could lead to an indirect reform of the banking sector that will only help the economy

otil1:
Buhari did not introduce TSA!
It was conceived, defended and approved by the last administration.

Somebody should please help me castrate this he-goat so that it does not produce more imbe-cile children

How will Banks Survive with is new Policy?
Anyway Sai Baba if that will make Nigeria great

Keep saving and never spend on development.