551 MDAs Had Already Joined TSA As At Feb 2015 - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › 551 MDAs Had Already Joined TSA As At Feb 2015 (2087 Views)
| 551 MDAs Had Already Joined TSA As At Feb 2015 by Nobody: 11:39am On Aug 10, 2015 |
Recently, the Office of the Accountant –General of the Federation (OAGF) directed all Ministries, Departments and Agencies (MDAs) of the Federal Government yet to comply with the Treasury Single Account (TSA) regime domiciled at the Central Bank of Nigeria (CBN)to embrace the policy not later than 28th February, 2015. By implication, the MDAs are to close all the revenue accounts they maintain in different Banks in the country and transfer the proceeds to TSA. This no doubt is a move to actualize the promise by the federal government through the Co-ordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala in December, 20 14 to block avenues of revenue leakages to shore up government revenue in the face of dwindling earnings due to falling oil prices.The AGF,Mr. Jonah Otunla had explained that all MDAs are henceforth to remit all internally generated revenue of the federal government directly through the federal government’s Consolidated Revenue Fund (CRF) at the CBN via electronic transfer. According to the AGF, the deadline to MDAs became necessary because although 551 agencies have complied with the policy, some big spending MDAs including the Armed Forces and the National Assembly were reluctant to key in. Obviously, the policy on TSA is intended to curb the financial excesses of some MDAs that have been refusing to remit their earnings deposited in commercial banks to the FG which is constrained to go a borrowing from banks on high interest. How can the FG’s money be kept with banks by MDAs while the FG goes to borrow money to finance budget deficit from banks and other sources? This is quite absurd. The TSA policy may not serve the intended purpose which is to unify the government accounting system to ensure transparency if the remaining ‘supper’ MDAs cannot be made to comply. How do we explain for instance,why the head of a big earning MDA in the maritime sector recently appealed to the FG at the launch of one of its projects, that it should be exempted from remitting revenue to the government because it is embarking on big projects?The FG must be wary of waivers in implementation of the TSA that could be exploited as a conduit for embezzlement of public funds. But how much money does the FG expect to save by keeping all MDA’s earnings with the CBN? We doubt that it would be that much compared to the huge revenue it needs to bridge the huge deficit in 2015 federal budget. This newspaper therefore wants the FG to look beyond the TSA policy and assiduously ensure that the targets for non-oil revenue in the 2015 budget like custom duties, and taxes from the Federal Inland Revenue Service (FIRS) are met and possibly exceeded.All traces of corruption in the system must be identified and eliminated. Besides, the FG must decisively combat oil theft which accounts for loss of $7 billion revenue and the twin evil of pipeline vandalism so that the oil production target in the budget would be met.The nation’s huge prospects in agriculture, solid minerals and tourism should also be adequately explored to boost the nation’s income on a sustainable basis. http://dailyindependentnig.com/2015/01/fgs-deadline-mdas-treasury-single-account-tsa/ Cc lalasticlala Response To Those Who Said GEJ's orders weren't followed when he issued them in January. 2 Likes 1 Share |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Katastrofy: 11:41am On Aug 10, 2015 |
kool |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by INTROVERT(f): 11:42am On Aug 10, 2015 |
okay then |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by MizMyColi(f): 11:43am On Aug 10, 2015 |
Interesting! cc: whynotthetruth, kaboninc, zicoraads, mynd44, chidionu58 1 Like |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by pus33: 11:44am On Aug 10, 2015 |
Nobody from the country of western Nigeria should pay for taxes to Nigeria. It is considered illegal. |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Elosky20: 11:44am On Aug 10, 2015 |
t |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by ademusiwa9: 11:45am On Aug 10, 2015 |
[size=38pt]People of the country of western. Nigeria should never pay tax to Nigeria. Do not pay into any account call the federation account. It is 419 or scam It is illegal under international law to pay to me Nigeria. [/size] |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by PassingShot(m): 11:46am On Aug 10, 2015 |
Let see |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by sainty2k3(m): 11:47am On Aug 10, 2015 |
I don't understand why the op is creating topics on this issue again. its so obvious even from ur ?write up that some big MDA didn't comply with the directive hence the order was issued . why are we more concerned about who take the glory than the effect on the country must it always be about GEJvsPMB 2 Likes |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by zicoraads: 11:54am On Aug 10, 2015 |
Lol...since this news was carried by another newspaper, I doubt the 'progressives' would believe it. When I saw that thread and the arguments that were being put forward that Jonathan gave the order, but it was flouted...I laughed out loud. Most, if not everyone that was saying it don't even know what a ministry, department or agency looks like. So, I wondered where they got the info in which they relied upon. See ehn...Miz, hate him or love him, Jonathan was humility personified. That man was humble to the core. If only he also engaged in this 'media governance' the APC have perfected, I bet you most Nigerians would have loved him even more. And them when we point it out, we are condemned as enemies of the state. No one wants this country to fail, but the APC should realize that elections are over, it is time to govern. Very soon, the mask will be off and people will see them for who they are. Online governance will not suffice then. 6 Likes 3 Shares |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Ahmed4002(m): 11:56am On Aug 10, 2015 |
Medicine after death.  |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:01pm On Aug 10, 2015 |
MizMyColi:You see...No matter what or how...truth will always overtake lies... Imagine the hatred against this Jonathan man...waiting for someone like Mynd44 to come speak Greek again 2 Likes 1 Share |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:03pm On Aug 10, 2015 |
|
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by emamos: 12:03pm On Aug 10, 2015 |
sainty2k3:i wonder o |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Mynd44(mod): 12:10pm On Aug 10, 2015 |
Whynotthetruth:I would love to suggest brighter grammar to you. I was not interested in getting in this silly convo until you guys started saying it is a President Jonathan initiative when from all indications the policy was part of a road mad put down by President Obasanjo in 2004. Whichever administration did this does not matter but if you lots want to bicker over who gets what praise be sure to also mention the people who initiated it. Now stop hyper ventilating. |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Nobody: 12:10pm On Aug 10, 2015 |
I only want to see new projects rolling I think its about dat time. |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:11pm On Aug 10, 2015 |
sainty2k3:1) Agencies like NNPC can't comply because the law setting them up allows for them to take out their capital and recurrent expenditures before remitting balance to federation account... 2)Agencies like FIRS, Custom, DPR etc by law are entitled to certain percentage of their revenue before remitting balance to federation account... 3)It is news because buhari and team turned it out to look like a new initiative which they are bringing to the system... Why steal glory for another man's work since you want people to see the man as the enemy of the state?...Bring on your change initiative and stop pirating other's ideas 4)If buhari told us that Jonathan didn't get it right...then we expect him to bring on a different initiative of his...not stealing Jonathan's ideas and works  4 Likes |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by chudionu58(f): 12:14pm On Aug 10, 2015 |
Kudos @OP, today's propagandists have being robustly pummeled! little wonder some started finding faults in our grammar!! lol |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Mogidi: 12:14pm On Aug 10, 2015 |
Mynd44:No longer thumping chest its a Buhari initiative abi, anyway I feel ya pain bro 3 Likes |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Mogidi: 12:16pm On Aug 10, 2015 |
Passinsghot how market today? |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by rozayx5(m): 12:17pm On Aug 10, 2015 |
lalasticlala  |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by fitzmayowa: 12:19pm On Aug 10, 2015 |
This going to be interesting, watching in HD |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:20pm On Aug 10, 2015 |
Mynd44:Did I miss the meaning of the phrase; "Project Initiation" ? Kindly show evidence where Obj initiated this project...I need links here plzzz...or do you mean Awolowo & co would be praised or take the glory per chance buhari allows for regionalization or fiscal federalism because they taught about it 50years ago? Oh now, administration that did what doesn't matter to you anymore?...smh...; D because it's Jonathan... see ya life BTW what's the brighter grammar stuff for?...I didn't get that... 3 Likes |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by chudionu58(f): 12:22pm On Aug 10, 2015 |
Whynotthetruth:There is something I want you to note before they come again with their shallow propaganda.... the issue of inland depots. Aba to Enugu to Makurdi pipeline system has since being fully recovered but for the PH refineries that was undergoing repairs. . what some these APC propagandists dont know is that that refinery is now being served by an IPP built by the G.E. 75mw(3 turbines)....please incase. http://inigeria.net/pharcourt-refinery-gets-independent-power-plant/ 2 Likes |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:24pm On Aug 10, 2015 |
zicoraads:Same news outfit carried same under Jonathan... http://businessdayonline.com/2015/02/hard-times-for-banks-as-mdas-close-accounts-friday/#.VO2dXvnF-xU 1 Like |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by ddippset(m): 12:24pm On Aug 10, 2015 |
Whynotthetruth:Jonathanian's good ideas and works, yet they stole billions of dollars under his nose! Your judgment stinks son! 1 Like |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by CSTR2: 12:24pm On Aug 10, 2015 |
sychophants will destroy this country. Buhari has not done anything tangible since he got in, yet his deluded zombies would have us believe otherwise. Instead of putting the pressure on govt, this ill-educated imbeciles would have us sing kumbaya as we worship buhari to 2019. I won't be surprised at all if after four years buhari administration is a mirror image of jonathan's govt with no single credible project attributed to buhari. Useless country filled with lint-sized cerebellar humans. Thank God i would soon be out of this shitthole. 2 Likes |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Mynd44(mod): 12:27pm On Aug 10, 2015 |
Whynotthetruth:https://books.google.com.ng/books?id=xEbV5LjUf_AC&pg=PA69&lpg=PA69&dq=treasury+single+account+nigeria+2004&source=bl&ots=wkiWOrD8R_&sig=-ucDav7ht-GNnbXJeDNZbAzx5XQ&hl=en&sa=X&redir_esc=y#v=onepage&q=treasury%20single%20account%20nigeria%202004&f=false |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:29pm On Aug 10, 2015 |
chudionu58:That's good bro...thanks...Bursting lies is somewhat sweet especially when it's that of someone who claimed to know it all but ends up copying every step you take ...Do you have an idea about the level of work in their permanent site in Cross River?... I heard that's where they are settling down ... |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Nobody: 12:30pm On Aug 10, 2015 |
God bless GEJ 1 Like |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by Whynotthetruth(m): 12:32pm On Aug 10, 2015 |
ddippset:Where you the one counting the billions being stolen as to know how much  ...Since your judgement is intact Methuselah  |
| Re: 551 MDAs Had Already Joined TSA As At Feb 2015 by MizMyColi(f): 12:32pm On Aug 10, 2015 |
zicoraads:This has always been my angst against Jonathan. He failed to utilise the media. But come to think of it..... It is only evil people who run to the media at every turn to broadcast their "works" The good man believes his good works will announce him someday. I may not know much about politics in the old days, but from what I have gathered thus far, GEJ is a good man. I can scarcely count the number of good politicians in Nigeria today. And that alone, (I don't want to delve into his works yet), has earned him my support and followership. 2 Likes 1 Share |
FG Grants MDAs Access To TSA As Transfers Hit N2.9tn • 2016 Budget: Breakdown Of Sums Allocated To Presidency, Mdas, Others • CBN Expects 100% Compliance On TSA As Deadline Ends Today • 2 • 3 • 4
Mr Bode Abodunrin Bombshell On Igbo Traders. • Nigerian Army And Shiitemembers In Full Blow Watlr In Zaria • MUST READ: President Muhamadu Buhari Finally Speaks...