Buhari Makes U-Turn As NNPC 12 Other Parastatals Exempted From Treasury Single Account

Nigeria’s President Muhammadu Buhari who had ordered for a Treasury Single Account, TSA, has backed down as he has gone ahead to exempt thirteen Federal Government agencies from that decision…

Reports say the Office of the Accountant-General of the Federal Republic of Nigeria has granted an exemption to thirteen MDAs in line with the e-collection and mop up exercise by the federal government.

A circular from the AGF’s office to the The Director, Central Bank of Nigeria, Banking & Payments System Department, on September 14 made this exceptions, though it has not been announced.

By virtue of this circular, the following bodies will not be subject to the TSA: NNPC, PHCN, BOI, Railways, Mortgage Bank, Bank of Agriculture, NIPP, Galaxy Backbone, Ajaokuta Stell, Niger Delta Power, Urban Development Bank, NEXIM and Transcorp Hilton.