President Buhari who lately said around $150 billion USD have been stolenn in the last decade has ordered that each and every every
federal government ministry, department or agency to start paying into a
Treasury Single Account (TSA) for all government revenues, incomes and
other receipts. under this arrangement ministries are to use
only approved government bank accounts to make payments.
In the words of vice Presidential spokesperson, Laolu Akande,
"President Muhammadu Buhari has ordered each and every
federal government ministry, department or agency to start paying into a
Treasury Single Account (TSA) for all government revenues, incomes and
other receipts... This measure is specifically to promote
transparency... several fragmented accounts for government
revenues... the loss or leakages of legitimate
income meant for the federation account".
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