COVID-19 donations: Buhari gives fresh orders
They form part of the existing Treasury Single Account arrangement in five commercial banks.The development was revealed in a statement on Tuesday by Henshaw Ogubike, Director of Information, Office of the Accountant General of the Federation.
It also covers donations under the Private Sector Coalition Against COVID-19 Fund domiciled at the Central Bank of Nigeria . “And all accounts with commercial banks are to be linked with the TSA at CBN to provide a single consolidated view of aggregate government cash balances. This will provide a single window for real time access to details of receipts and payments across all commercial bank accounts. In the absence of a ready tool to accomplish this requirement, the current CBN Payment gateway may be deployed,” the statement read.
Failure to sweep all balances within 24 hours would be deemed a violation of the Presidential directive on TSA and would attract sanctions.
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