Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,074 members, 7,957,005 topics. Date: Tuesday, 24 September 2024 at 03:16 AM |
Nairaland Forum / Nairaland / General / Business / 20,000 Bank Accounts Closed By FG (33371 Views)
Allen Onyema: U.S. Seizes $14 Million In Bank Accounts Linked To Air Peace Boss / GTBank Is Opening Unsolicited Bank Accounts For Unsuspecting Customers Unawares / FG Closes 20,000 Bank Accounts, Moves N5.2tn Into TSA (2) (3) (4)
20,000 Bank Accounts Closed By FG by information1: 8:59pm On Feb 14, 2017 |
Since the launch of the Treasury Single Account in September 2015, over 20,000 accounts with Deposit Money Banks belonging to Ministries, Departments and Agencies have been closed with a total sum of N5.24tn moved into the TSA. The Accountant General of the Federation, Ali Ahmed Idris, gave the figures on Tuesday in Abuja, while speaking at the opening session of a two day retreat on TSA. The event which was attended by Vice President Yemi Osinbajo, the Minister of Finance, Mrs Kemi Adeosun, the Secretary to the Government of the Federation, Mr Babachir Lawal among other top government officials had as its theme, “One year anniversary of Treasury Single Account: Benefits, challenges and way forward.” The TSA is a platform which was used by the government to unify all its accounts by ensuring that all monies belonging to the federal government are kept with the Central Bank of Nigeria. AD: See How I Satisfied My Woman For Over 30 mins in Bed - Click Here The initiative which took off fully in September 2015 had been complied with by over 900 agencies of government. Since the commencement of the TSA, there had been series of job losses in banks owing to decline in deposits. But the Accountant-General while speaking at the event described the implementation of the TSA as one of the success stories in the management of public finances. For instance, he explained that through the policy, the government has been able to block leakages and abuse which had characterised the public sector before its commencement in October 2015. Apart from blocking leakages, Idris said the TSA initiative has assisted the government to overcome the burden of indiscriminate borrowings by MDAs thus saving government a lot of bank charges associated with these borrowings. For instance, he noted that prior to the full commencement of the TSA, the government was incurring about N4.7bn monthly on bank charges, adding that this has been eliminated through the TSA initiative. He said, “The TSA journey started way back in April 2012. That journey could not see the light of the day as no significant gains were recorded largely due to the lack of political will. “However, the issuance of TSA circular in August, 2015, coupled with the political will and enforcement, enabled us to achieve considerable progress on the TSA implementation. “As at the 10th of February,2017, the total inflow of funds through the mop-up and direct debits by the Central Bank of Nigeria amounted to N5.24trn. “We have successfully eliminated multiple banking arrangements, resulting into consolidation of over 20,000 bank accounts, which were spread over Deposit Money Banks across the country. “This has further brought about transparency and effective tracking of government revenues.” http://www.talkgeria.com/topic/over-20000-bank-accounts-closed-by-fg/ 9 Likes 3 Shares |
Re: 20,000 Bank Accounts Closed By FG by Pavore9: 9:04pm On Feb 14, 2017 |
Over 20,000 accounts! 9 Likes 1 Share |
Re: 20,000 Bank Accounts Closed By FG by auntysimbiat(f): 9:07pm On Feb 14, 2017 |
hmmmm... 1 Like |
Re: 20,000 Bank Accounts Closed By FG by nigeriafarmer: 9:49pm On Feb 14, 2017 |
Nigeria civil service na wa 12 Likes 2 Shares |
Re: 20,000 Bank Accounts Closed By FG by tboyO2: 10:20pm On Feb 14, 2017 |
Val gift |
Re: 20,000 Bank Accounts Closed By FG by Harrychocoberry(m): 10:20pm On Feb 14, 2017 |
See ehn!...this people should stop it! Every time Millions, Billions and now Trillions, yet hunger wan kill people for Nigeria! If only God could just hand over to me the punishment of all these Thieves and bad eggs in the system..if only,next time to enter public office will be something they won't look forward to. #Obodo Ndi Ara 21 Likes 1 Share |
Re: 20,000 Bank Accounts Closed By FG by Adeoba10(m): 10:20pm On Feb 14, 2017 |
Aiit..... Dat awkward moment after booking space without knowing what to comment.... 8 Likes |
Re: 20,000 Bank Accounts Closed By FG by Dmony: 10:20pm On Feb 14, 2017 |
And dey say Buhari aint doing it 23 Likes 1 Share |
Re: 20,000 Bank Accounts Closed By FG by Tissytee(f): 10:21pm On Feb 14, 2017 |
The headline sha 2 Likes |
Re: 20,000 Bank Accounts Closed By FG by AntiWailer: 10:21pm On Feb 14, 2017 |
Good move. Most of the armed robbers also known as politicians are out of cash. That is why they are investing the one remaining by paying jobless youths to spread falsehood. Scatter the whole thing, turn people against the Govt and allow them return to slavery. 32 Likes 3 Shares |
Re: 20,000 Bank Accounts Closed By FG by aladdin001(m): 10:21pm On Feb 14, 2017 |
...so tell us again wat you Said u did to her for 30min 3 Likes |
Re: 20,000 Bank Accounts Closed By FG by Politicalidiot: 10:22pm On Feb 14, 2017 |
Bank accounts no get use nowadays sef... If you are in an area its Hard to get to an Atm, Click like. 1 Like |
Re: 20,000 Bank Accounts Closed By FG by steveturner24(m): 10:22pm On Feb 14, 2017 |
Op still copy ad of how to satisfy woman in bed for 30min. Pls I like your good work but try and always edit your work 27 Likes |
Re: 20,000 Bank Accounts Closed By FG by joedams: 10:22pm On Feb 14, 2017 |
Hmmm...This is what 'will' can do. 2 Likes |
Re: 20,000 Bank Accounts Closed By FG by Nobody: 10:23pm On Feb 14, 2017 |
Sai Baba. 4 Likes 1 Share |
Re: 20,000 Bank Accounts Closed By FG by Nobody: 10:23pm On Feb 14, 2017 |
information1: |
Re: 20,000 Bank Accounts Closed By FG by Nobody: 10:23pm On Feb 14, 2017 |
Make I quickly log in to my Internet banking application check my account. I no dey use my 120k play with anybody oooo. 2 Likes |
Re: 20,000 Bank Accounts Closed By FG by dionysus7: 10:23pm On Feb 14, 2017 |
lol ADs are getting smarter, see where my guy smuggle AD put...wetin concern us concern how long you take knack your wife, no make we vent the 20k fake accounts for you o 3 Likes |
Re: 20,000 Bank Accounts Closed By FG by viktohmarkz(m): 10:24pm On Feb 14, 2017 |
what are they saying? |
Re: 20,000 Bank Accounts Closed By FG by afamaustin(m): 10:24pm On Feb 14, 2017 |
meaning nobody owns the money or wot.l dont understand Nigerians |
Re: 20,000 Bank Accounts Closed By FG by Adesiji77: 10:24pm On Feb 14, 2017 |
Issokay |
Re: 20,000 Bank Accounts Closed By FG by ALAYORMII: 10:25pm On Feb 14, 2017 |
20,000 accounts Odi egwu 1 Like |
Re: 20,000 Bank Accounts Closed By FG by stonemind(f): 10:25pm On Feb 14, 2017 |
copy n paste 2 Likes |
Re: 20,000 Bank Accounts Closed By FG by JefLonDon(m): 10:25pm On Feb 14, 2017 |
N5.2tn chai!!! Abeg wat den happened to the economy if we had Dis amount@ I smell lies tho this can't be the real figures 2 Likes |
Re: 20,000 Bank Accounts Closed By FG by Drazeen(m): 10:25pm On Feb 14, 2017 |
make dem no near my account oh... unless dem want second civil war. |
Re: 20,000 Bank Accounts Closed By FG by promohouse(m): 10:26pm On Feb 14, 2017 |
Blood of Jesus!!! |
Re: 20,000 Bank Accounts Closed By FG by ekanDamie: 10:27pm On Feb 14, 2017 |
TSA alone would reduce corruption by 20-30% 6 Likes |
Re: 20,000 Bank Accounts Closed By FG by Horlawoomey(m): 10:27pm On Feb 14, 2017 |
Before #4.7 billion was used to service bank charges alone monthly..... That's more than Kwara State monthly allocation. Good one from FG quarters. kudos to people who initiated it but lack balls to implement it cos of ELECTION, they also tried. This government still need more time, everything can't just change over night. Change also takes time, it's a gradual process. God bless Federal Republic of Nigeria. 13 Likes 1 Share |
Re: 20,000 Bank Accounts Closed By FG by ochallo: 10:27pm On Feb 14, 2017 |
This initiative was written, explained and crafted in sand by Okojo iweala, waiting for implementation, same as the increase in taxes for luxury goods and so many initiatives that this administration is bragging about. They never credit the last administration for anything but are quick to throw blame for their own incompetence. 5 Likes |
Re: 20,000 Bank Accounts Closed By FG by nabegibeg: 10:27pm On Feb 14, 2017 |
na wa ooo 20k unknown account why are we wicked in this country 1 Like |
Re: 20,000 Bank Accounts Closed By FG by nabegibeg: 10:27pm On Feb 14, 2017 |
blood of titus 1 Like |
We’ve Not Reintroduced ATM Charges —CBN / How To Deposit Old 500 and 1,000 Naira Notes Into Your Bank / Why Has Dangote Said More Words In 2 Months Than He Did In 16years
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48 |