• Presidency asserts FG Has Credit Balance of N1.194tn in TSA

    Presidency asserts FG Has Credit Balance of N1.194tn in TSA

    The Buhari administration revealed to newsmen that the net credit balance of the federal government in the Treasury Single Account (TSA) as of December 2, 2016, was N1.194 trillion rubbishing the allegation made by the Emir of Kano and the former CBN governor, Alhaji Muhammad Sanusi II, that the account of the federal government domiciled at the central bank had been overdrawn to the tune of N4.7 trillion.

    He said last week that the CBN claims on the federal government now […]

  • ASUU threatens strike over N495b varsities’ revitalisation funds, TSA

    ASUU threatens strike over N495b varsities’ revitalisation funds, TSA

    The Academic Staff Union of Universities (ASUU) has called for immediate release of N495 billion revitalisation funds for universities.

    The union also wants the 2009 ASUU/Federal Government of Nigeria (FGN) Agreement and Memorandum of Understanding (MOU) of 2013 implemented to the letter.

    Briefing reporters yesterday in Calabar, ASUU Zonal Coordinator, Professor Nsing Ogar, represented by University of Calabar chairperson, Dr. Tony Eyang, said: “ASUU can no longer guarantee industrial peace on our campuses, as academic staff think government has taken them for […]

  • DETAILS On How N25 Billion Is Stolen Daily From The TSA, Senator Melaye Reveals It

    DETAILS On How N25 Billion Is Stolen Daily From The TSA, Senator Melaye Reveals It

    Dino Melaye, a senator representing Kogi west, on Tuesday, raised the alarm over possible corruption in the management of the treasury single account (TSA). ‎

    Melaye said some “financial scavengers and economic cankerworms” ‎were trying to sabotage the anti-corruption war of President Muhammadu Buhari by mismanaging the TSA.

    He alleged that a firm, ‘Remitter’, hired to manage the TSA, was making N25 billion in one day in mopping up‎ about N2.5 trillion on the loose.

    Melaye asked the senate to give him an […]

  • FG freezes INEC’s account over failure to comply with TSA requirements

    FG freezes INEC’s account over failure to comply with TSA requirements

    Report gathered that the Central Bank of Nigeria, CBN, has frozen all bank accounts operated by the Independent National Electoral Commission, INEC, following the commission’s failure to comply with Federal Government’s directive that all ministries, agencies and departments must operate Treasury Single Account, TSA.

    The commission is now cash strapped and is unable to discharge most of its responsibilities

    Informed sources at the commission had revealed that INEC had failed to comply with the government’s directives on the TSA, due largely to […]