Connect with us

News

FG directs MDAs in states to stop operating accounts with commercial banks

Published

on

725 Views

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Bamanga Tukur, former Adamawa gov, ex-PDP Chair dies at 90

Tukur, who died three days before his 91st birthday, was one of the prominent political figures whose career cut across Nigeria’s military and civilian administrations, the private sector and continental business circles.

Published

on

By

2 Views

BAMANGA Tukur, former National Chairman of the Peoples Democratic Party, PDP, and former governor of Gongola (now Adamawa)State, is dead, aged 90.

Family’s sources confirmed his death on Saturday, although details surrounding his passing were not immediately made public.

Tukur, who died three days before his 91st birthday, was one of the prominent political figures whose career cut across Nigeria’s military and civilian administrations, the private sector and continental business circles.

Born on September 15, 1935, he began his public service career at the Nigerian Ports Authority, NPA, where he served as General Manager from 1975 to 1982.

He moved into elective politics and won the Gongola State governorship election in 1983, but his tenure was cut short by the military coup in December of the same year.After leaving office, Tukur turned to business and founded BHI Holdings, popularly known as the DADDO Group of Companies.

He later returned to government as Minister of Industries between 1993 and 1995 under the military administration of General Sani Abacha.Tukur also played prominent roles in African business and economic affairs, serving as Executive President of the African Business Roundtable and Chairman of the NEPAD Business Group.

He held advisory positions with several international trade organisations.

In March 2012, he returned to partisan politics when he was elected National Chairman of the PDP with the backing of then-President Goodluck Jonathan.

His tenure, however, was overshadowed by prolonged internal disagreements within the party, culminating in his resignation as national chairman in January 2014.

Continue Reading

News

Albert Horsfall, Ex-SSS Director-General dies

“Details of funeral arrangements and other related activities will be communicated in due course.”

Published

on

By

10 Views

A former Director-General of the State Security Service and pioneer Director-General of the National Intelligence Agency, Albert Horsfall, has passed on.

Horsfall’s death was announced in a statement released on Friday, signed by his son, Donald Horsfall, and obtained by our correspondent.

According to the statement, the transition of the elder statesman and great son of Rivers State occurred peacefully, describing him as a “beloved patriarch.”

While the family mourns his death, the statement said they would be comforted by the extraordinary life he lived and the indelible mark he left on the sands of time.

“Details of funeral arrangements and other related activities will be communicated in due course,” it added.

Continue Reading

News

US delivers military equipment to Nigeria

The US Africa Command (AFRICOM), in a statement on its website on Thursday, said the equipment was delivered in September through a US Air Force C-17 aircraft.

Published

on

By

25 Views

The United States has delivered military equipment to the Nigerian Air Force in Lagos and Kainji, Niger State, to support counterterrorism operations.

The US Africa Command (AFRICOM), in a statement on its website on Thursday, said the equipment was delivered in September through a US Air Force C-17 aircraft.

According to the command, the delivery was part of a foreign military sales agreement between the United States and Nigerian militaries.

“The delivery furthers the strategic partnership between the two nations in order to enhance Nigerian-led efforts to counter terrorism in the region.

U.S. military support to the Armed Forces of Nigeria is by its invitation and rooted in respect for Nigerian sovereignty,” AFRICOM said.

Continue Reading

Trending