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FG directs MDAs in states to stop operating accounts with commercial banks
The federal government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the states strictly comply with the Treasury Single Account (TSA) policy by not operating accounts with commercial banks or circumventing its provisions.
The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, issued this directive during a working visit to the Federal Pay Office in Benin, Edo State, as part of her ongoing nationwide tour to assess the operations and challenges of FPOs.
A statement from the Office of the Accountant General of the Federation (OAGF), signed by the Director of Press and Public Relations, Bawa Mokwa, said that MDAs must adhere strictly to the TSA framework.
Dr. Madein reiterated that any MDA seeking to operate an account with a commercial bank must obtain direct approval from the President, which must be communicated through the AGF based on established guidelines.
To enforce compliance, she mandated FPOs to uphold transparency, dedication, and professionalism in their duties. As representatives of the OAGF, she urged them to maintain high ethical standards and avoid any actions that could undermine the credibility of the Federal Treasury.
Dr. Madein also stressed the importance of accurate financial records, warning that inefficiency could be perceived if records do not meet the required standards. She assured that officials from the Treasury headquarters would conduct regular inspections of FPOs to ensure compliance.
Additionally, she stressed the need for FPOs to be well-versed in financial regulations, including the Constitution, Financial Regulations, and the Public Procurement Act, to enhance their effectiveness.
Recognizing the operational challenges faced by FPOs, Dr. Madein disclosed that the federal government is constructing new office buildings in some states to provide permanent solutions to accommodation issues. She reaffirmed the OAGF’s commitment to prioritizing the welfare and well-being of FPO staff.
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Okonjo-Iweala Says Nigerian Economy now stable under Tinubu
“The reforms have been in the right direction. The next step is growth, and alongside that, building social safety nets so those feeling the pinch of reforms can get support.”
THE Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, declared that President Bola Tinubu and his team have worked hard to stabilize the economy.
“You cannot really improve an economy unless it’s stable,” said Okonjo-Iweala during a meeting today with President Tinubu at the Presidential Villa, Abuja.
“The reforms have been in the right direction. The next step is growth, and alongside that, building social safety nets so those feeling the pinch of reforms can get support,” she said.
She added that growth, job creation, and income expansion must go hand-in-hand with measures to cushion the impact of ongoing reforms on vulnerable Nigerians.
A tragic incident has rocked the community of Amaifeke in Orlu Local Government Area of Imo State, where a 39-year-old man, Ifeanyi Odinka, allegedly stabbed his 75-year-old father, Dennis Odinka, to death following a dispute over proceeds from a land sale.
Confirming the incident, the Imo State Police Command said Ifeanyi was arrested by operatives from the Orlu Division on August 12, 2025. According to police spokesperson ASP Henry Okoye, the suspect confessed to the crime during interrogation.
“He was immediately transferred to the State Criminal Investigation Department in Owerri for further investigation and prosecution,” Okoye stated.
The gruesome killing has left residents in shock, with community members describing the incident as deeply disturbing and calling for justice to take its course.
The police have assured the public that the suspect will face the full weight of the law. They also reiterated their commitment to maintaining law and order across the state, urging residents to report any suspicious activity to the authorities.
News
Obasanjo’s Library Ready to Face EFCC in Court over Invasion
The Managing Director of the OOPL, Mr Vitalis Ortese, at a press conference in Abeokuta, said that the Anti – graft commission invasion was an assault on all what the presidential library stood for.
The management of Olusegun Obasanjo Presidential Library (OOPL) has given the Economic and Financial Crime Commission, EFCC a seven-day ultimatum to apologize of face legal action.
The Managing Director of the OOPL, Mr Vitalis Ortese, at a press conference in Abeokuta, said that the Anti – graft commission invasion was an assault on all what the presidential library stood for.
He demanded for a N3.5 billion compensation for the victims and the presidential library where the former president, Olusegun Obasanjo resides.
The legal Adviser of OOPL, Olumide Ayeni while showing the media evidence, including bullet shells and EFCC beret, said the presidential library is ready to face the anti graft in court, if it fails to yield to their demands.
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