Kebbi Recovers N31m from 260 Dormant Accounts
TSA Kebbi State said analysis of the returns from the banks from
December 2015, indicated that 260 out of 334 active accounts were found
dormant with over N31million, while 57 held negative balances.
The Permanent Secretary, Ministry of Finance, Shuaibu D.
Abdullahi, disclosed this on Tuesday, at the opening of a three day
sensitisation workshop on TSA for Heads of MDAs, Directors of finance,
Budget officers, revenue officers as well as Auditors held at the Wazir
Umar Federal Polytechnic Birnin Kebbi.TSA is a financial policy
introduced by the Federal Government in 2012, to consolidate all inflows
from the country’s ministries, departments and agencies (MDAs) by way
of deposit into commercial banks, traceable into a single account at the
Central Bank of Nigeria, CBN, the lender of last resort.Abdullahi explained that the implementation of the TSA by Kebbi State
is one of the conditions for accessing the budget support facility
offered by the Federal Government.“As part of the implementation process, the Ministry of Finance
requested all deposit money banks in the state, and confirmed balances
of all accounts of MDAs, and therefore the account were pruned in order
to enable the Ministry of Finance have a clear over view of their
operations,” he added.The Permanent Secretary listed two TSA models that can be adopted
states, one being the main TSA and associated ledger sub-accounts to be
maintained in a single banking institution. The other one is that TSA
maintained in a single banking institution and associated zero balance
ledger sub-accounts (ZBAs) are maintained in other institutions from
where balances are swept daily to the main TSA in the CBN.He listed the benefits of implementing TSA in the state to include
the reduction of corruption, blocking of leakages in internal revenue
generation and remittance, entrenching accountability, enhancing
transparency avoiding misappropriation of public funds and embezzlement.
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