Garba Shehu, the spokesperson to former Muhammadu Buhari,
says his principal saved Nigeria an average of N4 billion that would have been
spent on monthly bank charges by implementing a Treasury Single Account.
Shehu disclosed this on Thursday in a statement on his
official X, formerly Twitter, to mark 100 days Buhari left office as President.
According to him, introducing TSA helped the Buhari
administration block financial linkages.
He noted that over 17,000 bank accounts belonging to
government agencies and parastatals were closed to provide accountability in
governance.
In addition, the government introduced the Integrated
Personnel and Payroll System, IPPS, to cover all MDAs.
“On coming to office, the administration directed all
Ministries, Departments and Agencies (MDAs) to close their accounts with
deposit money banks to fully operationalize the Treasury Single Account.
“TSA was launched in 2012 but left on the drawing boards. Over
17,000 bank accounts were closed, and an average of four billion Naira in
monthly bank charges was saved,” he said.
Recall that Buhari’s administration started the
implementation of TSA in 2015.
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