Buhari issues Sept 15 deadline for TSA compliance by federal MDAs

President Muhammadu Buhari has issued a Tuesday, Sept
15, 2015 deadline for all federal ministries, departments and
agencies (MDAs) to comply with the Treasury Single
Account (TSA) instruction.

According to the Presidency, “by that deadline, all federal
government revenues must go into the Central Bank
Treasury Single Account (TSA), except otherwise expressly
approved.”
A circular issued to all Ministries, Departments and
Agencies of the Federal Government by the Head of the
Civil Service of the Federation, Mr. Danladi Kifasi urged the
MDAs to ensure strict compliance with the deadline to avoid
sanctions.
“In this regard, His Excellency, Mr. President has directed
that all MDAs are to comply with the instructions on the
Treasury Single Account (TSA) unfailingly by Tuesday,
September 15, 2015.
“Heads of MDAs and other arms of Government are enjoined
to give this Circular the widest circulation and ensure strict
compliance to avoid sanctions,” Mr. Kifasi wrote.
The President had on August 11, 2015, ordered stoppage of
multiple accounts by all federal MDAs. He ordered the
operation of Treasury Single Account (TSA), into which all
ministries, departments and agencies (MDSs) of government,
which are funded from the Federation Account, will
henceforth pay their earnings.
Specifically, the MDAs will henceforth pay all their
revenues to a sub-account that is linked to the TSA at the
CBN. To ensure quick compliance with the directive, the
Head of Service of the Federation, Danladi Kifasi, gave the
federal sub-treasury account name and number as
Accountant General: 300002095.
Some of the MDAs affected by this directive include
Nigerian National Petroleum Corporation (NNPC), Central
Bank of Nigeria (CBN), Security and Exchange Commission
(SEC), Nigerian Ports Authority, Nigeria Customs Service
(NCS), Nigeria Immigration Service (NIS) and Federal Inland
Revenue Service (FIRS), among others.