To ensure transparency and accountability in the operations
of public accounts, Muhammadu Buhari has ordered the Ministries, Departments or
Agencies, MDAs, under the Federal Government to run a Treasure Single Account,
TSA, which will be domiciled at the Central Bank of Nigeria, CBN.
Also affected by the directive were Foreign Missions,
Teaching Hospitals, Medical Centres, Federal Tertiary Institutions, Agencies
like the Central Bank of Nigeria, CBN, Security and Exchange Commission SEC, Corporate Affairs Commission
CAC, Nigeria Ports Authority, NPA, Nigerian Communications Commission, NCC,
Federal Airport Authority of Nigeria, FAAN.
Others are NCAA, NIMASA, NDIC, NSC, NNPC, firs, NCS, MMSD, DPR;
President Buhari’s directive is drawn from section 80 of the 1999 constitution.
Meanwhile, a TSA is a central Bank Account system for all
government transactions where all its receipts and payments are harmonized for
accountability.
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