Reps Give CBN, Auditor-General Six Weeks to Provide TSA’s Report

• Reps Give CBN, Auditor-General Six Weeks to Provide TSA’s Report

The House of Representatives has given the Central Bank of Nigeria (CBN) and the Office of the Auditor-Genera of the Federation (OAGF) six weeks to provide detailed reconciliation and audit reports of the amounts generated so far in the Treasury Single Account (TSA) of the Federal Government.

The House said it’s ultimatum was necessitated by the need to know the cureent and true status of the TSA, going by reports that not all Ministries, Departments and Agencies (MDAs) have complied with the August 2015 directives of the Federal Government on the policy.

The Abubakar Danburam-led ad-hoc committee investigating the status of the TSA, said the November 10 deadline remained sacrosanct, adding that no Money Deposit Banks (MDBs) is excluded as long as they have MDAs’ account with them.

The Committee held a closed door meeting with officials from the OAGF, the Auditor-General’s office as well as CBN and some commercial banks.

Danburam said the Committee was forced to take the decision following revelation of the Director of Funds, Accountant-General’s Office, Alexander Adeyemi, that there were still leakages in collecting funds from agencies despite the existence of TSA.

The Committee learnt last month that the TSA has not been audited by the Office of the Auditor-General of the Federation since its inception, two years ago.