The Federal Government has execluded 13 government agencies from the current Treasury Single Account (TSA) arrangement related to electronic or e-collection and mop up exercise of government funds from commercial banks.

A circular excluding the agencies was communicated to Central Bank of Nigeria (CBN) from the Office of the Accountant-General of the Federation (OAGF).

The execluded agencies of government are “profit oriented government business entities that pay dividends to the Federal Government of Nigeria.”

The circular addressed to the Director, Banking and Payments System Department of the CBN, with FD/LP2015/C/ADC/20/1/ /DF as reference number was dated September 14 this year. It was signed by M K Dikwa, for the Accountant-General of the Federation, Federal Ministry of Finance, Funds Department, Abuja, FCT.

The execluded agencies are:

Nigeria National Petroleum Corporation (NNPC), Power Holding Company of Nigeria (PHCN), Bank of Industry (BoI), Nigeria Railway Corporation, Federal Mortgage Bank of Nigeria, Bank of Agriculture, Niger Delta Power Holding Company/National Integrated Power Project, National Communication Satellite Limited, Galaxy Backbone Ltd and Ajaokuta Steel Company Ltd.

Others are Urban Development Bank, Nigerian Export – Import Bank and Transcorp Hilton Hotel.

Read full story
http://monitor9ja.com/2015/09/fg-exclude-nnpc-phcn-boi-10-others-from-treasury-single-account/

Ok

Day by Day, Buhari seems to be trending the path of Jonathan, Lets just hope the old man changes his ways if not he would soon relocate back to his farm in Daura

Sigh. The more things change, the more they remain the same.