Katsina State Governor, Malam Dikko Radda has commenced a Treasury Single Account (TSA).
According to NAN, Radda disclosed this in a circular issued on Monday in Katsina tagged, ‘Treasury Single Account Direction Notice 2023’.
The governor said the implementation takes effect from July 3.
According to him, the measure is in exercising the powers conferred on him by the provisions of Section 5(2) of the 1999 Constitution, as amended.
“Without prejudice to Section 120 of the 1999 Constitution (as amended), all revenues and monies accruing and forming the Consolidated Revenue Fund, including funds from the excess crude account, grants or donation for Katsina State shall be paid into a unified account to be referred to as TSA.
“Out of which all expenditure incurred or approved to be incurred shall be defrayed or paid,” he said.
He directed the Accountant General of the state to prescribe the framework within which Ministries, Departments and Agencies will henceforth conduct their bank and cash management under the TSA regime.
The governor also directed the Commissioner for Finance, the Accountant General and the Auditor General of the state to ensure total compliance.
The federal government introduced the TSA in 2012 but was fully implemented by former president Muhammadu Buhari’s administration.
Credit:dailypost.ng
