War Against Corruption : Buhari Stops Multiple Accounts By Govt Agencies

All agencies of government, ministries and departments are henceforth to maintain a Treasury Single Account, TSA, with the Central Bank of Nigeria, except otherwise expressly approved. This is to promote transparency and ensure compliance with sections 80 and 162 of the 1999 constitution.

A statement released by Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande on Sunday contained the presidential directive. He explained that the new policy would end fragmented and multiple accounts which had led to leakages and loss of legitimate incomes that should have gone into the Federation Account.

The statement said that “henceforth , all receipts due to the Federal Government or any of its agencies must be paid into TSA or designated accounts maintained and operated in the Central Bank of Nigeria, except otherwise expressly approved."

Those affected by the presidential directive are the Securities and Exchange Commission, SEC, Nigeria National Petroleum Corporation, NNPC, Nigeria Maritime and Safety Agency, NIMASA, Federal Airports Authority of Nigeria, FAAN, National Civil Aviation Authority, Federal Inland Revenue Service, Department of Petroleum Resources, Nigerian Ports Authority and Corporate Affairs Commission among others.

Abujacitynews recalls that fighting corruption was one of President Buhari's major campaign promises.