President Bola Tinubu has pulled the Federal Capital Territory Administration (FCTA), out of the Treasury Single Account (TSA), to pave the way for the Nyesom
has pulled the Federal Capital Territory Administration , out of the Treasury Single Account , to pave the way for the Nyesom Wike-led FCTA to utilize the territory’s Internally Generated Revenue for the development of the nation’s capital.
The treasury single account model was introduced to mitigate financial leakages, promote probity and prevent misappropriation of government revenue, and consolidate government accounts in a bid to prevent embezzlement and high-handedness by revenue-generating agencies. “People will kick against it, but it is not personal, it is about the growth of the city, the welfare of the civil servants, and the interest of the women – our mothers, sisters, and wives.”
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