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Zamfara introduces Treasury Single Account

The Citizen by The Citizen
January 13 2016
in State of the States, Uncategorized
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Governor Abdulaziz Yari of Zamfara State has directed that all government accounts be closed as the state gets set to introduce the Treasury Single Account, TSA.

State Commissioner for Information, Alhaji Umar Jibop Bukkuyum, who disclosed this to Vanguard in Gusau, said a seven man committee to be headed by the state governor, Alh Abdulaziz Yari had been constituted to ensure the full implementation of TSA.

Advancing reasons, why the state government decided to introduce the single account, Bukkuyum said the state government had discovered over 1,000 accounts being operated by government agencies with one dormant account having about N80 million.

The commissioner disclosed that the committee had met with all the bank managers in the state on the need to have all government accounts in their respective banks closed.

Bukkuyum maintained that the new initiative will afford the government the opportunity to know exactly how much is coming into government coffers, as before this time, “we didn’t know how much the state was generating.”

The commissioner added that very soon all ministries and Local governments will be directed to open only expenditure accounts.

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