Ambode approves treasury single account for all govt transactions in Lagos state | Welcome to Linda Ikeji's Blog

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Sunday 16 August 2015

Ambode approves treasury single account for all govt transactions in Lagos state

Lagos State Governor, Akinwunmi Ambode has approved the operation of a single account in the state effective from September 1. According to a statement issued by the Permanent Secretary /Accountant General of the State, Mrs Abimbola Umar, the State Government took the decision to address the challenges previously faced with the operation of the multiple account system.

Governor Ambode said the operation of a Treasury Single Account (TSA) aside providing transparency and accountability will also encourage tax payers to request for a single account before making their payments.

In addition, all the affected revenue collecting banks have been mandated to immediately close all the existing multiple revenue accounts domiciled in their banks to give room for a single revenue accounting system in line with the Accountability and Transparency Policy of the current administration.
“With this development, it is expected that all parastatals, local governments and establishments will commence the operation of the TSA onSeptember 1, 2015”, the Governor said.

39 comments:

Davido's driver said...

Ok seen

AbokiDaWarriBoy said...

Madallah.

Anonymous said...

Our EYES re on U!

Unknown said...

Cool

BONARIO NNAGS said...

Nice move, atleast it would help curb corruption in Lagos state government.

~BONARIO~says so via NOKIA LUMIA

Anonymous said...

If the head of a fish is fresh , then it's a fresh fish. Good governance is trickling down. Am impressed. Jona where's your face?

Anonymous said...

If the head of a fish is fresh , then it's a fresh fish. Good governance is trickling down. Am impressed. Jona where's your face?

Unknown said...

Wow! Dis policy will go a long way to ensure transparency and accountability in dis new administration in Lagos state. Thumbs up and more power to his elbows.

Alloy Chikezie said...

Good.

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Unknown said...

Hmmmm

Let's see what change this brings.

Unknown said...

Hmmmm

Let's see what change this brings.

Anonymous said...

Single account be manage by Alpha Beta as the clearing partner, finally opening the state account to Tinubu

Anonymous said...

Single account be manage by Alpha Beta as the clearing partner, finally opening the state account to Tinubu

Anonymous said...

Single account be manage by Alpha Beta as the clearing partner, finally opening the state account to Tinubu

Anonymous said...

Single account be manage by Alpha Beta as the clearing partner, finally opening the state account to Tinubu

ary said...

Other states should follow suit.

Unknown said...

I think its a good idea. May God bestow you with more wisdom to lead right.











#TeamBlessed#

Anonymous said...

From salaries cut to single account,hope. It will solve the many problems the people are waiting to be solved...IMBACK

Unknown said...

Sounds good to me.. But I hope they will run the treasury account so well.. I hope no strange monkey hand will enter there.. I hope so!!!

Mihearty said...

Nice one

Unknown said...

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Anonymous said...

After this man
Igbo man will rule Lagos state.
Lagos state need Igbo governor.
They have been praying for that.
God will surely answer them after this governor.

Anonymous said...

After this man
Igbo man will rule Lagos state.
Lagos state need Igbo governor.
They have been praying for that.
God will surely answer them after this governor.

Anonymous said...

After this man
Igbo man will rule Lagos state.
Lagos state need Igbo governor.
They have been praying for that.
God will surely answer them after this governor.

Unknown said...

Baba don show una how things are supposed to be done. Nice one! Linda take note!

Anonymous said...

After this man
Igbo man will rule Lagos state.
Lagos state need Igbo governor.
They have been praying for that.
God will surely answer them after this governor.

Unknown said...

Baba don show una how things are supposed to be done. Nice one! Linda take note!

HonsylGlobal.Com said...

The spiral effect of this directive on the treasury department of most banks will be huge.

Unknown said...

Baba don show una how things are supposed to be done. Nice one! Linda take note!

Anonymous said...

Chai ,,, Banking industry expecially public sector group in all banks has collapsed.

Anonymous said...

Ohh! Bonario, you are of the opinion that lagos had been swimming in corrupt practice.

Anonymous said...

Igbo kor weed ni....... Rubbish talk Asif u people allow dt shit in ya state.....eyes rolling...NYC move by NYC governor

Anonymous said...

Do you think God is dumb like you.MUMU

Anonymous said...

I feel for most banks thst have been trading on govt money. This wil affect them a great deal from fed to state

Unknown said...

Hope it will be well managed!!!

Human Being said...

In as much as this is good for easy of accountability, i don't it is the major issue of corruption. Any corrupt government can still withdraw from the account either by issuing fraudulent contracts or any other means. You can have several accounts and restrict power to withdraw from those account and reconcile correctly. Big corporations run several accounts and they maintain them accordingly.


The negatives of this act include
- only one bank benefits ...killing competition which is very necessary for growth and development. The Beneficiary bank becomes lazy
- more stress on the masses. The nearest bank branch could be some kilometers away and when you get there you will meet crowed.
- once there is a problem with the payment system of (eg POS, network issue) that particular bank, everything goes to a halt.


This policy does not fit the modern day demand.
My thoughts





Human Being No Be God

Anonymous said...

was fashola corrupt?

Anonymous said...

You're forgetting that it was the same JONA & NOI that instituted this Treasury Single Account (TSA) before while in office. Let them keep dealing you 'the-more-you-look, the-less-you-see'

Anonymous said...

You're forgetting that it was the same JONA & NOI that instituted this Treasury Single Account (TSA) before while in office. Let them keep dealing you 'the-more-you-look, the-less-you-see'

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