Legislators call for need of TSA

The House of Representatives  has set up a 10 man Ad-hoc committee to laze with the Central Bank of Nigeria andother agencies of the government  involved in the role of implementation  of the Treasury  Single  Account.

The decision was made to ascertain the actual amount realized so far, government's  plans on its spending and the various agencies from 8 such funds were obtained.

The resolution  emanated from a motion titled "need to ascertain  the proceeds of the treasury single account to enhance transparency accountability and good governance"

Lawmakers noted that the TSA Is a financial  policy being implemented  by the Federal Government to consolidate all inflows from Ministries, departments and agencies into one single account maintained by the Central Bank of Nigeria with the aim of ensuring accountability  of government  revenues.

It was however disclosed that the Minister of Finance,Kemi Adeosun as contained in the papers said a balance of 2.9 trillion naira has been accumulated  so far.

Legislators said despite the laudable commitment  of the current administration  to combat corrupt practices some establishments  are still left out.

The Ad-hoc committed would be chaired by member Abdullahi Ibrahim.

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