- September 23, 2015
- Posted by: Website Admin
- Category: National News, Uncategorized
Accountant-General of the Federation, Ahmed Idris, no fewer than 600 Ministries, Departments and Agencies-MDAs of the Federal Government have complied with the directive to deposit remittances into the Treasury Single Account.
Speaking on the sidelines of the Federation Account Allocation Committee-FAAC meeting in Abuja Idris said the exact number of MDAs that had enrolled could not be ascertained yet, but said that the aim of the policy was not to disrupt the operations of the MDAs but to help them and the government run better.
He however, said the implementation of the policy experienced some problems at inception but that they were easing off with time as the Office of the Accountant-General of the Federation and the Central Bank of Nigeria were working closely to enlist and enroll MDAs so they could access and utilise their resources.
It could be recalled that President Muhammadu Buhari had given a directive that all MDAs deposit their remittances into a single account with the Central Bank of Nigeria by September 15 or be sanctioned.