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Treasury Single Account: Tuesday deadline sacrosanct, says FG

The Federal Government has ruled out the possibility of shifting the deadline for all Ministries, Departments and Agencies to comply with the presidential directive on Treasury Single Account.

In a statement issued by the Deputy Director, Press, at the Office of the Accountant General of the Federation, Mrs. K.N. Offie, in Abuja on Friday, the Accountant General of the Federation, Alhaji Ahmed Idris, said the Tuesday (September 15) deadline was realistic, achievable and not subject to postponement.

According to him, all MDAs should close all accounts with the commercial banks on or before the deadline.

Idris said the Implementation Guidelines had been developed and would soon be made available to all interested parties and the general public.

He said the OAGF in line with its statutory mandate and directives would continue to provide all necessary information and technical support to all MDAs, banks and the general public to ensure a smooth, seamless and transparent implementation of the TSA/e-Collection policy.

President Muhammadu Buhari had recently given all MDAs a September 15 deadline to comply with the Treasury Single Account directive.

The directive requires all MDAs to pay all revenues and monies accruing to the government into a Federal Sub-Treasury account maintained by the Central Bank of Nigeria.

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