Over $900 million found in secret non-TSA accounts — Rep panel

May 10, 2019

QueenEsther Iroanusi

The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).

It accused the MDAs of failing to follow the TSA policy, leading to revenue leakages.

The House made the revelation while adopting the report with 20 recommendations by the Ad Hoc Committee on the Need to Ascertain the Proceeds of the TSA to Enhance Transparency, Accountability and Good Governance.

It accused the Nigerian National Petroleum Corporation, the Nigerian Ports Authority, the Federal Inland Revenue Service, the Nigeria Customs Service as well as other ministries and banks of various infractions.

The House asked the Ministry of Finance, the Office of the Accountant-General of the Federation and the Central Bank of Nigeria should intensify efforts to enforce full implementation and compliance with the TSA policy by all the MDAs.

It also wants the MDAs who had violated the TSA policy to be sanctioned accordingly.

Sanction and prosecute offenders

The lawmakers ordered that the Ministry of Finance and OAGF “should be directed to publish, sanction/prosecute with immediate effect all MDAs, private persons, private organisations as well as banks, where FGN funds are hidden based on the discoveries made in the report of the consultants engaged by the OAGF and review the compliance with the TSA.”

They said applications for exemptions/waivers must follow the guidelines on TSA implementation and duly approved and signed by the president only.

Presenting the report, the chairman of the committee, Danduram Abubakar, said during the investigations, overwhelming discoveries were made.

According to him, it was observed that funds belonging to the federal government to the tune of billions of naira and hundreds of millions of dollars were operated outside the TSA by the MDAs in collaboration with the banks.

https://www.premiumtimesng.com/news/headlines/329318-over-900-million-found-in-secret-non-tsa-accounts-rep-panel.html

hmmm, that is bad,
but those agencies mention are not suppose to remit to TSA.

GEJ really taught people how to steal.


.This MDA's are products of GEJ's administration

Benekruku:
GEJ really taught people how to steal.


.This MDA's are products of GEJ's administration

You definitely have no shame at all. You are still seeing GEJ when the rot was perfected under this kleptomaniac govt of Buhari.