President
Muhammadu Buhari has given all Ministries, Departments and Agencies of the
Federal Government up till September 15 to either comply with the instructions
on the opening of a Treasury Single Account at the Central Bank of Nigeria or
face sanctions.
“President
Muhammadu Buhari has directed all Ministries, Departments and Agencies
of the Federal Government to unfailingly comply with the instructions on the
Treasury Single Account by September 15, 2015 or face sanctions,” a statement
by the Assistant Director (Media Relations) in the Office of the Head of Civil
Service of the Federation, Mr. Mohammed Manga, on Monday stated.
Manga
quoted the HOCSF, Mr. Danladi Kifasi, as having observed in a September 4
circular that a number of MDAs had yet to comply with the directive on the TSA.
He
recalled an earlier circular issued by the HOCSF on August 7, 2015, announcing
the introduction of the TSA with the directive that all receipts due to the
Federal Government or any of her agencies were to be paid into the Federal
sub-treasury account maintained in the CBN.
The
implementation of the TSA, according to the circular, is expected to aid
transparency and facilitate compliance with Sections 80 and 162 of the
Constitution of the Federal Republic of Nigeria 1999 (as amended).
A
top ranking official of the Ministry of Communications Technology, who spoke to
one of our correspondents on the condition of anonymity, said some top
officials had not been happy with the directive.
The
source, however, said the ministry had no option but to comply, especially
because of the personality of the President.
The
source said, “Yes, some people will grumble. However, we have no choice but to
comply. I am very confident that our ministry will meet the deadline. Because
of the personality of the person at Aso Rock, we have to comply.
“I
don’t know how far we have gone with this matter. What I know for sure,
however, is that we will comply. The process is already on.”
Buhari
had ordered federal MDAs to channel all revenues to the TSA to be domiciled in
the CBN.
The
measure, according to the government, is to ensure transparency and
accountability in the operations of public accounts.
Also
affected by the directive are foreign missions, teaching hospitals, medical
centres, federal tertiary institutions. Agencies, like the CBN, Security and
Exchange Commission, Corporate Affairs Commission, Nigerian Ports Authority,
Nigerian Communications Commission and the Federal Airport Authority of Nigeria
are also captured in the directive.
Others
include the Nigerian Civil Aviation Authority, Nigerian Maritime Administration
and Safety Agency, Nigerian Deposit Insurance Corporation, Nigerian National
Petroleum Corporation, Federal Inland Revenue Service, Nigerian Customs
Service, and the Department of Petroleum Resources.
The
President’s directive was in consonance with Section 80 of the 1999
Constitution. Section 80 (1) of the constitution reads, “All revenues or other
moneys raised or received by the Federation (not being revenues or other moneys
payable under this Constitution or any Act of the National Assembly into any
other public fund of the Federation established for a specific purpose) shall
be paid into and form one Consolidated Revenue Fund of the Federation.”
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