President Muhammadu Buhari has re-considered his earlier position on the Treasury Single Account, TSA, where he had ordered all Ministries, Departments and Agencies to comply by September, 15th 2015.
DAILY POST gathered on Monday that the Office of the Accountant-General of the Federal Republic of Nigeria has granted an exemption to thirteen MDAs in line with the e-collection and mop up exercise by the federal government.
Entities exempted are profit oriented government business entities that pay dividends to the Federal Government of Nigeria.
They are Nigeria National Petroleum Corporation, Power Holding Company of Nigeria, Bank of Industry, Nigeria Railway Corporation, Federal Mortgage Bank of Nigeria, Bank of Agriculture and Niger Delta Power Holding Company/National Integrated Power Project.
Others are National Communication Satellite Limited, Galaxy Backbone Ltd, Ajaokuta Steel Company Ltd, Urban Development Bank, Nigerian Export – Import Bank and Transcorp Hilton Hotel.
The exemption from the AGF’s office to the The Director, Central Bank of Nigeria, Banking & Payments System Department, referenced FD/LP2015/C/ADC/20/1/ /DF and signed by M K Dikwa, mni, further reads:
“Approval is hereby granted to your bank to exempt the Accounts of thirteen (13) MDAs (Category 6) as listed below the mop-up in line with the e-Collection Circular No. HCFSF/428/S.1/120 dated 7th August 2015 as these are Profit Oriented Government Business entities that are to pay their dividends into the Treasury Single Accounts Whenever there are declared.
“Please note that in line with the Presidential approval, the following as it relates to Nigeria National Petroleum Corporation NNPC as listed above (S/No.9) under Category 4 should also apply:
i. That NAPIMS remains classified as an MDA that is funded from the Federation Account under Category 4 of the Circular, being the NNPC Business Unit responsible for the management of the Federation’s investment in the upstream activities and funded from direct proceeds of oil and gas revenue.
ii. That NNPC will continue to preserve the status with respect to NAPIMS Operations Account as well as Escrow Account for Third Party Financing in view of the Joint Venture (JV) Cash funding currently being experienced.
iii. That all other NNPC’s commercial/Business Entities as re-classified as ‘Profit-Oriented Public Corporations/Business Enterprises’ under Category 6 of the Circular which requires that only dividends from these entities be paid into the TSA.”




http://dailypost.ng/2015/09/21/buhari-softens-stance-on-tsa-grants-nnpc-phcn-11-others-exemption?wt=3

Only if his handlers will?

Ok

dynamic president

Transcorp

Never knew fg owned some things mentioned above...

I didn't bother to read the whole passage because I know Buhari will always reverse himself on anything and any issue. The aged pal loves to act before he thinks.

Apc was not prepared for governance. They were only preparing to engage Jonathan in a fierce battle at the tribunal while their foot soldiers slaughter innocent souls up north.

Jonathan didn't give them that satisfaction cause he was smarter.
He put a pot of burning fiery furnace on their heads instead! He gave them Aso rock!

If this news is true?
Then I'm highly disappointed with Buhari!

frankyychiji:
I didn't bother to read the whole passage because I know Buhari will always reverse himself on anything and any issue. The aged pal loves to act before he thinks.

Apc was not prepared for governance. They were only preparing to engage Jonathan in a fierce battle at the tribunal while their foot soldiers slaughter innocent souls up north.

Jonathan didn't give them that satisfaction cause he was smarter.
He put a pot of burning fiery furnace on their heads instead! He gave them Aso rock!

Bros
But the new is not about rivalry between GEJ and Buhari or PDP & APC

Pangea:
If this news is true?
Then I'm highly disappointed with Buhari!

My brother, before election subsidy was fraud and he doesn't know what subsidy is and who the government was subsidizing but and he has not seen a good reason to remove subsidy(fraud). In PMB words

nnamdibig:


Bros
But the new is not about rivalry between GEJ and Buhari or PDP & APC

It all boils to party politics at the end of day. The TSA was initiated by Jonathan but its implementation had not kicked off obviously due to grey areas that needed straightening out. Sai baber came and jumped into The TSA headlong without adequate consultation to score cheap political points and to the cheers of ApC e-rodents here. Since then, thousands of jobs have been lost, and now Sai Baber is reversing himself on its implementation by certain key establishments.

The man has no economic team and only relies on his old friends from CPC to rule Nigeria.