Secret accounts: House of Reps commences probe of 812 MDAs

Posted by Philip Nyam, Abuja | 28 November 2019 | 1,190 times

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The House of Representatives, on Wednesday, commenced investigation into various secret accounts of 812 ministries, departments and agencies (MDAs) domiciled with deposit money banks (DMBs) operating in the country.

Chairman, House Public Accounts Committee, Hon. Wole Oke, disclosed this during the investigative hearing into the N50 Stamp Duty on behalf of Nigerian Postal Commission (NIPOST) and 1% Stamp Duty on contracts collected on behalf of Federal Inland Revenue Service (FIRS).

Worried by the level of impunity being perpetuated by the managements of all the MDAs in defiance of the Presidential directive on implementation of Treasury Single Account (TSA), Hon. Oke directed all the commercial banks to provide details of all the MDAs whose revenue and expenditure accounts are still domiciled with them.

According to Oke, the Accountant General of the Federation (AGF) during an interactive session with the Committee disclosed that only Nigerian National Petroleum Corporation (NNPC) and Joint Admissions Matriculation Board (JAMB) are exempted from the TSA policy.

In response to the Committee’s inquiry, representatives of some of the commercial banks confirmed that some MDAs, including Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS) are still domiciled with them.  (New Telegraph)


Source: News Express

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