The Accountant-General of the Federation (AGF), Alhaji Ahmed Idris, on Tuesday allayed fears that the federal government’s directive on the implementation of the Treasury Single Account (TSA) to federal ministries, departments and agencies (MDAs) would negatively affect the operations of some specialised agencies. But the directive has not gone down well with federal universities in the country, with the tertiary institutions vowing to make a case to the federal government for their exemption.

President Muhammadu Buhari last week had directed all federal government MDAs to remit their revenue to the TSA with the Central Bank of Nigeria (CBN).

Buhari’s directive was followed up by a memo from the Head of Service of the Federation, Mr. Danladi Kisali, to the MDAs detailing the implementation of remittances to the TSA.

However, investigations as showed that several MDAs including universities, teaching hospitals and federal medical centres nationwide were yet to comply with the directive.

Speaking in Abuja while receiving members of the Committee of Vice-Chancellors of Federal Universities who were in his office to discuss the directive, Idris said the intention of government was neither to punish nor jeopardise the peace and stability at tertiary institutions but was targeted at enhancing greater transparency in the management of public resources.
He argued that the adoption would boost their efficiency and add value to the nation’s economy.

Read full story
http://monitor9ja.com/2015/08/universities-kick-against-directive-on-treasury-single-account/