FG Set To Relax Treasury Single Account Policy For Police, Armed Forces

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The Nigerian Government has announced that it would relax its rule on the Treasury Single Account (TSA) implementation to give special attention to security agencies.

READ ALSO: Buhari Gives MDAs Ultimatum: Comply With Directive On TSA Or Face Sanctions

Since the beginning of the policy implementation, the Accountant General of the Federation (AGF), Ahmed Idris, had insisted that there was no exemption for any government ministry, department and agency (MDA), adding on several occasions that compliance with the policy directive was compulsory.

All government MDAs are expected to ensure that all revenues realised from their operations were remitted in the Consolidated Funds Account with the Central Bank of Nigeria (CBN).

READ ALSO: TSA Reform: Buhari Splits Nigeria’s MDAs Into 7 Main Categories

However, Mr. Idris explained on Friday that special attention would be given to security agencies in the implementation of the policy in view of the recognition of security of lives and property as one of the cardinal agenda of President Muhammadu Buhari’s administration.

Although the AGF did not give details what the special attention would entail, he however identified the security institutions that would benefit from the concession.

They include the Police and the Armed Forces to enable them continue to successfully deliver on their respective mandates of securing the country.

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

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