Two weeks after the formal introduction of the Treasury Single Accounting (TSA) system in Sokoto, the state government said it has uncovered N1.5 billion lying idle in 100 redundant accounts belonging to it in various commercial banks in the country. The state commissioner of finance, Alhaji Umar Saidu, who stated this in Sokoto on Sunday while giving an update on the system’s implementation, said government is determined to trace and close down all dormant and inactive accounts operated by it. He said since the introduction of the TSA, there has been a massive improvement in the reconciliation of public finance figures between the government and commercial banks. This, according to him, has reduced risk of errors in reconciliation processes and has enhanced timeliness and quality of the fiscal figures from such accounts. The commissioner said the introduction of the TSA has now enabled government to regularly monitor public cash balances while at the same time ensuring
News, Prewedding pictures, Comedy, Lifestyle, Quotes, Amazing facts, Free Ads, Beauty and Fashion, Arts and More......
Comments
Post a Comment