Treasury Single Account – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Fri, 15 Dec 2017 15:49:02 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Treasury Single Account – InfoStride News https://www.theinfostride.com 32 32 $1bn Excess Crude Money Withdrawal: Governor Fayose alleges FG intends to fund Buhari’s 2019 Re-election, not to fight Boko Haram https://www.theinfostride.com/1bn-excess-crude-money-withdrawal-governor-fayose-alleges-fg-intends-to-fund-buharis-2019-re-election-not-to-fight-boko-haram/ Fri, 15 Dec 2017 15:49:02 +0000 http://www.theinfostride.com/?p=192915 The Governor of Ekiti State, Mr Ayodele Fayose has described the decision to withdraw $1 billion from the Excess Crude Account to fight Boko Haram insurgency in the North-East region as a means by the All Progressives Congress (APC) led federal government to fund President Muhammadu Buhari’s re-election in 2019. “For posterity sake, I wish [...]

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]]> 12 Important Achievements Of Nigeria’s 8th National Assembly In 12 Months https://www.theinfostride.com/12-important-achievements-of-nigerias-8th-national-assembly-in-12-months/ Thu, 09 Jun 2016 11:52:04 +0000 http://www.theinfostride.com/?p=131068 As the President of the Federal Republic of Nigeria, President Muhammadu Buhari marked one-year in office on May 29, 2016, so is the Senate of the Federal Republic of Nigeria marking her one-year anniversary as the 8th Senate today being the 9th of June, 2016. Amidst all the happenings in Nigeria for the past 365 [...]

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]]> Nigeria’s National Assembly and the Fight Against Corruption https://www.theinfostride.com/nigerias-national-assembly-and-the-fight-against-corruption/ Sat, 19 Mar 2016 12:28:57 +0000 http://www.theinfostride.com/?p=122524 Corruption is the bane of Nigeria’s socio-economic development. This situation has become so rampant that it has threatened the existence of Nigeria as a political entity. It is therefore imperative that all Nigerians should engage in the anti-corruption fight. Corruption is a world-wide phenomenon, and there is hardly any society without one form of corrupt [...]

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]]> 2016 Will Be A Better Year For Nigerians – APC Chairman Oyegun https://www.theinfostride.com/2016-will-be-a-better-year-for-nigerians-apc-chairman-oyegun/ Thu, 31 Dec 2015 23:39:29 +0000 http://www.theinfostride.com/?p=116584 Chief John Odigie-Oyegun, the National Chairman of the All Progressives Congress (APC)‎, yesterday assured Nigerians that year 2016 would be a better year for all. This is contained in a statement issued in Abuja by the party’s Assistant ‎Director (Publicity), Mr Edegbe Odemwingie. The statement said although 2015 was difficult, 2016 would see the fulfillment of all [...]

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]]> 10 Most Vibrant Nigerian Senators In 2015 https://www.theinfostride.com/10-most-vibrant-nigerian-senators-in-2015/ Mon, 28 Dec 2015 11:46:57 +0000 http://www.theinfostride.com/?p=115673 The year 2015 has come and almost gone, yet the Nigerian Senators at 8th National Assembly has recorded significant progress, as well as faced a number of challenges. The distinguished Senators of the 8th National Assembly, under the leadership of Senate President, Dr. Bukola Saraki have all in one way or the other contributed immensely to the [...]

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]]> Agbakoba Commends President Buhari’s Policies, Says Elite Conspiring To Frustrate Reform Agenda https://www.theinfostride.com/agbakoba-commends-president-buharis-policies-says-elite-conspiring-to-frustrate-reform-agenda/ Sat, 12 Dec 2015 08:59:34 +0000 http://www.theinfostride.com/?p=112130 Former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba, has commended the economic and political policies initiated by President Muhammadu Buhari, noting however, that the elite are frustrating the current administration’s reform agenda. Mr. Agbakoba, who stated this while bearing his mind on the state of the nation to newsmen in Lagos, yesterday, [...]

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]]> Remita Scandal: From The Senate Hyperbole To The Confession Of The CBN Governor, Any Truth Uncovered? https://www.theinfostride.com/remita-scandal-from-the-senate-hyperbole-to-the-confession-of-the-cbn-governor-any-truth-uncovered/ Fri, 11 Dec 2015 17:19:56 +0000 http://www.theinfostride.com/?p=112060 The full implementation of Treasury Single Account (TSA) by the President Muhammadu Buhari-led government, with the core objectives of blocking leakages in government revenues and expenditures across board, is quite outstanding and laudable for its clear potentials to salvage the Nigerian economy from decline to prosperity. At the time when heads are nodded in appreciation [...]

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]]> Mass Unemployment Looms In Nigeria – SSANU https://www.theinfostride.com/mass-unemployment-looms-in-nigeria-ssanu/ Sat, 28 Nov 2015 19:00:31 +0000 http://www.theinfostride.com/?p=109476 The Senior Staff Association of Nigeria Universities (SSANU), yesterday, said that mass unemployment looms in the country following epileptic power supply that is hampering the operations of industries. According to the National President of SSANU, Comrade Samson Ugwoke, who raised the alarm at the SSANU 2015 National Delegate Conference holding at the University of Nigeria, [...]

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]]> Defence Minister says Leadership is all about Integrity https://www.theinfostride.com/defence-minister-says-leadership-is-all-about-integrity/ Wed, 25 Nov 2015 18:26:52 +0000 http://www.theinfostride.com/?p=108845 ABUJA (Federal Ministry of Defence Report): The Minister of Defence, Mansur Muhammad Dan-Ali at assumption of duty at the Ministry of Defence Headquarters recently has said that leadership is all about integrity, honesty and transparency. This was contained in a short remark he delivered to staff of the Ministry, promising to lead them by example. He [...]

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]]> Rep Member Discloses N5,000 Monthly Allowance To Unemployed Youths Unrealistic https://www.theinfostride.com/rep-member-discloses-n5000-monthly-allowance-to-unemployed-youths-unrealistic/ Mon, 23 Nov 2015 22:10:22 +0000 http://www.theinfostride.com/?p=108409 The member representing Esan North-East/South-East Federal Constituency of Edo State in the House of Representatives, Barr. Sergius Ogun, has described as unrealistic, the campaign promise made by the governing All Progressives Congress (APC) to pay a monthly stipend of N5,000 to unemployed youths and the vulnerable in the country. The PDP lawmaker said going by [...]

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]]> Soludo Condemns Treasury Single Account, Says It Is Inconsistent With The Objectives Of Creating Jobs, Reducing poverty https://www.theinfostride.com/soludo-condemns-treasury-single-account-says-it-is-inconsistent-with-the-objectives-of-creating-jobs-reducing-poverty/ https://www.theinfostride.com/soludo-condemns-treasury-single-account-says-it-is-inconsistent-with-the-objectives-of-creating-jobs-reducing-poverty/#comments Fri, 20 Nov 2015 11:45:32 +0000 http://www.theinfostride.com/?p=107904 Former Governor of the Central Bank of Nigeria (CBN) Professor Charles Soludo has shown over the years that he is never scared to air his views. He has spoken again, now faulting the implementation of the Treasury Single Account (TSA) by the Federal Government and the policy regime of foreign exchange restrictions of the CBN. [...]

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]]> https://www.theinfostride.com/soludo-condemns-treasury-single-account-says-it-is-inconsistent-with-the-objectives-of-creating-jobs-reducing-poverty/feed/ 16 Treasury Single Account Fiasco: Count Me Out Of Systemspecs/Remita Contract Controversy, Says AGF https://www.theinfostride.com/treasury-single-account-fiasco-count-me-out-of-systemspecsremita-contract-controversy-says-agf/ Wed, 18 Nov 2015 22:37:04 +0000 http://www.theinfostride.com/?p=107678 As controversy rages over the management of the Treasury Single Account (TSA), the Accountant General of the Federation (AGF), Alhaji Ahmed Idris, has denied having any knowledge of the contract signed between the Federal Government and SystemSpecs, the owners of the Remita e-payment solution that has been deployed to process transactions of the TSA. He [...]

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]]> Lai Mohammed Dismisses Allegations Of Treasury Single Account Fraud https://www.theinfostride.com/lai-mohammed-dismisses-allegations-of-treasury-single-account-fraud/ Tue, 17 Nov 2015 11:16:46 +0000 http://www.theinfostride.com/?p=107482 The Minister of Information and Culture, Alhaji Lai Mohammed has dismissed as a contrived distraction the alleged fraud in the Treasury Single Account (TSA) and the rumoured diversion of the TSA funds to bankroll elections in Bayelsa and Kogi States. ”It is understandable that the psyche of those who are making the frivolous allegations concerning [...]

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]]> Why I Will Not Attend FG’s Meeting On The Treasury Single Account – Governor Fayose https://www.theinfostride.com/why-i-will-not-attend-fgs-meeting-on-the-treasury-single-account-governor-fayose/ Mon, 16 Nov 2015 11:51:42 +0000 http://www.theinfostride.com/?p=107372 The Governor of Ekiti State, Mr. Ayodele Fayose, has said that he will not attend the meeting called by the Federal Government with State governors on the Treasury Single Account (TSA). His reason: the TSA policy is a fraud against Nigeria and its people. In a press statement issued on Sunday, by his Special Assistant on Public Communications [...]

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]]> Treasury Single Account Probe: E-Collection Agent Accused Of Receiving 25bn Naira Fights Back https://www.theinfostride.com/treasury-single-account-probe-e-collection-agent-accused-of-receiving-25bn-naira-fights-back/ Sun, 15 Nov 2015 16:44:48 +0000 http://www.theinfostride.com/?p=107315 The parent company of Remita, the e-payment and e-collection software deployed by the federal government to drive implementation of the Treasury Single Account (TSA), System Specs, has described recent allegations of wrongdoing against it as a ploy to frustrate the scheme. The Senate had on Tuesday mandated its Committees on Finance, Banking and Financial Institutions [...]

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]]> Senate Probes Nigeria’s Treasury Single Account Over Claim That Collection Agent Gets 25billion Naira https://www.theinfostride.com/senate-probes-nigerias-treasury-single-account-over-claim-that-collection-agent-gets-25billion-naira/ Fri, 13 Nov 2015 09:26:43 +0000 http://www.theinfostride.com/?p=107030 The Senate resolution followed a motion by Dino Melaye (APC-Kogi West) who argued that choosing a company, Remita, as the Federal Government’s electronic collection agent, violated Nigerian laws, including section 162 (1) of the 1999 Constitution as amended, Central Bank of Nigeria, CBN, Act, and Bank and other Financial Institutions Act, BOFIA, 2007. He said [...]

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]]> CBN Governor Emefiele Forecasts Nigerian Economy May Go Into Recession In 2016 https://www.theinfostride.com/cbn-governor-emefiele-forecasts-nigerian-economy-may-go-into-recession-in-2016/ Wed, 23 Sep 2015 16:20:16 +0000 http://www.theinfostride.com/?p=100569 The Central Bank of Nigeria (CBN) has said that it is unaware of any memorandum exempting some institutions from the Treasury Single Account (TSA). The bank, therefore, called on all affected organizations to comply with the directive of moving their money to the central bank immediately. It also raised alarm that the country may go [...]

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]]> BoI, NNPC, PHCN, 10 Others Exempted From Treasury Single Account https://www.theinfostride.com/boi-nnpc-phcn-10-others-exempted-from-treasury-single-account/ Wed, 23 Sep 2015 06:52:09 +0000 http://www.theinfostride.com/?p=100458 13 government agencies have been exempted from the current Treasury Single Account (TSA) arrangement related to electronic or e-collection and mop up exercise of government funds from commercial banks. A circular exempting the agencies was communicated to the Central Bank of Nigeria (CBN) from the Office of the Accountant-General of the Federation (OAGF). The excluded [...]

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]]> CBN Governor Godwin Emefiele Allays Banks’ Liquidity Fears Over Treasury Single Account Implementation https://www.theinfostride.com/cbn-governor-godwin-emefiele-allays-banks-liquidity-fears-over-treasury-single-account-implementation/ Fri, 18 Sep 2015 14:48:51 +0000 http://www.theinfostride.com/?p=99772 There is rising tension in Nigeria’s banking industry over the implementation of the Treasury Single Account (TSA). However, the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged banks in the country not to panic. In an interview with Reuters yesterday, the CBN boss gave an assurance that he was ready to inject [...]

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]]> #Nigeria > Banks Move 1.2 Trillion Naira To CBN In Compliance With Treasury Single Account Directive https://www.theinfostride.com/nigeria-banks-move-n1-2trn-to-cbn-in-compliance-with-tsa-directive/ Wed, 16 Sep 2015 21:30:07 +0000 http://www.theinfostride.com/2015/09/nigeria-banks-move-n1-2trn-to-cbn-in-compliance-with-tsa-directive/ An estimated N1.2 trillion of public sector funds were transferred to the Central Bank of Nigeria (CBN) by Deposit Money Banks in the country in compliance with the Federal Government directive on Treasury Single Account (TSA). President Muhammadu Buhari (PMB) had ordered that all revenues be paid into the “Treasury Single Account” (TSA) from yesterday, [...]

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]]> #Nigeria > Lawmakers Laud President Buhari Over Treasury Single Account Implementation https://www.theinfostride.com/nigeria-lawmakers-laud-buhari-over-tsa-implementation/ Tue, 15 Sep 2015 19:30:12 +0000 http://www.theinfostride.com/2015/09/nigeria-lawmakers-laud-buhari-over-tsa-implementation/ Today was the deadline for compliance with the Treasury Single Account (TSA) for Ministries, Departments and Agencies (MDAs) and despite all calls against the move, the government has stood its ground to the applause of some lawmakers. According to them, full compliance with the directive would help in blocking leakages and ensure transparency. Sen. Ali [...]

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]]> #Nigeria > Nigerian Banks To Lose 20,000 Accounts, 2.6 Trillion Naira This Week Over Treasury Single Account https://www.theinfostride.com/nigeria-tsa-nigerian-banks-to-lose-20000-accounts-n2-6trn-this-week/ Sun, 13 Sep 2015 15:30:07 +0000 http://www.theinfostride.com/2015/09/nigeria-tsa-nigerian-banks-to-lose-20000-accounts-n2-6trn-this-week/ Nigerian banks will lose not less than 20,000 huge accounts this week. No thanks to President Muhammadu Buhari (PMB) who has directed a Treasury Single Account (TSA) be enforced this week. The bank accounts are those run by federal ministries and 600 government federal agencies. According to findings by the Sunday Vanguard, the agencies’ accounts [...]

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