The Senate on Wednesday asked its committees on Finance, Banking and other Financial Institutions and Public Account to carry out a holistic investigation of the operation of the Treasury Single Account (TSA) regime.

Although the upper chamber commended President Muhammadu Buhari for the introduction of TSA, it said its designated committees should look into the operations of the policy and report back in four weeks.

This followed the adoption of a motion entitled: “Abuse and mismanagement of the Treasury Single Account regime,” sponsored by Senator Dino Melaye and 31 others.

Senator Solomon Olamilekan Adeola (Lagos West) in his contribution commended the mover of the motion.

He noted that the fact that an All Progressives Congress (APC) Senator is sponsoring the motion is a clear indication of the commitment of APC as a party to the fight against corruption.

Adeola said the appointment of consultants to collect revenue is a global practice which is not new even in the country.

The Lagos lawmaker said he does not believe that anything had gone wrong with the implementation of the TSA until after investigation.

He warned the Senate should not put the cat before the horse by making unsubstantiated assumptions until proper investigation is conducted to find out if anything had gone wrong.

Adeola, who said there was no doubt that the government is making huge sums of money through the TSA noted that in one transaction alone almost half of the country’s annual budget was paid into TSA from banks.

He said that although government accounts are now being known through the TSA policy, a particular bank still concealed an account containing N40 billion.

He said the bank had already been fined N4 billion by the Central Bank of Nigeria (CBN).


http://thenationonlineng.net/senate-to-probe-tsa-operations/

Story. Nothing can come out of it especially when there is no juicy appointment attached to the probe !!!

ISOKAY...Am waiting

Everything in this country will face probing.

Rather than work they keep probing.

Lets see where it leads us to........

Kk

I hope people smarter than GMB won't run down the account.

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OK

These senathieves dont just know how to be productive

Who is fooling Who?

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OK

It is good for our democracy

Probe probe probe. That is the only word we've heard so far. I hope the senate themselves will be probed one day

lol

make them start now

Hiaaaah. Probe of TSA? Government of probe here and there. We are watching.

TSA has now become the next target since all account has been collapsed to one TSA

Nigerians are expert at being thieves, chai

....

It's a TSA for Christ sake.. It should be under continuous and granular review.. If not,

#probe# trending in the nigeria govt.

Hmm

The idea is to kill the TSA so that....they can go back to the old ways....

GOD PASS ALL THE ENEMIES

The right thing should be done,We want Change,no time again!

Hmmmm...

Good one from Melaye!

Olusharp:
....

Oshomole will probe you. Lol

ok

He warned the Senate should not put the CAT before the horse.

I hope the reporter made a typo error with cat in that sentence. It should be 'cart'. We should be mindful of spellings. We are educating the world.

OnankpaBa:

He warned the Senate should not put the cat before the horse by making unsubstantiated assumptions until proper investigation is conducted to find out if anything had gone wrong.

The 'cart before the horse' not cat. Seriously what's wrong with journalism in Nigeria? Smh

Instead of areas crying for attention. Passing sha>>>>>>>>>