TSA: Sokoto Government Uncovers N1.5billion In Idle Accounts - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  BBNAIJA  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  MOVIES  |  COMEDY VIDEOS  |  DEAL CHANNEL






TSA: Sokoto Government Uncovers N1.5billion In Idle Accounts




Two weeks after the formal introduction of the Treasury Single Accounting (TSA) system in Sokoto, the state government said it has uncovered the sum of N1.5b lying idle in 100 redundant accounts belonging to it in various commercial banks in the country.

The state commissioner of finance, Alhaji Umar Saidu, who stated this in Sokoto Sunday while giving an update on the system’s implementation, said government is determined to trace and close down all dormant and inactive accounts operated by it.

He said since the introduction of the TSA, there has been a massive improvement in the reconciliation of public finance figures between the government and commercial banks.
This, according to him, has reduced risk of errors in reconciliation processes and has enhanced timeliness and quality of the fiscal figures from such accounts.

The commissioner said the introduction of the TSA has now enabled government to regularly monitor public cash balances while at the same time ensuring higher quality cash analysis from all accounts hitherto operated by the state government and its agencies.

He added that more analysis are being undertaken efficiently and at regular intervals.

He said the full benefit of the new accounting system would be felt when the implementation of the 2016 budget starts. The document is currently undergoing legislative action with state House of Assembly.

Meanwhile, Sokoto Governor, Aminu Waziri Tambuwal, Sunday approved the posting and redeployment of new permanent secretaries and directors-general in the state civil service.

A statement issued by his spokesman, Malam Imam Imam, showed that 23 Permanent Secretaries were redeployed while 11 DGs have been sent to various departments and agencies in the state.



 Whatsapp  Twitter  Facebook




CLICK HERE TO COMMENT ON THIS POST
Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348173379226 Or +2348143945195

Whatsapp: +2349027283345







SPONSORED LINKS






Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


       





MUSIC OF THE WEEK



© 2014-2020 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.