Lagos Govt Approves Treasury Single Account For All Transactions

The Lagos State Governor, Mr Akinwunmi Ambode on Sunday endorsed the operation of a Treasury Single Account in the state powerful from September 1, 2015.According to the State government, the regard was attempted as a component of endeavors to proficiently enhance the procedures of income era and accumulation in the state.

It will likewise guarantee legitimate responsibility and straightforwardness in all legislature collected incomes,

As indicated by an announcement issued by the Permanent Secretary/Accountant General of the State, Mrs Abimbola Umar, the State Government took the choice to address the difficulties beforehand confronted with the operation of the various record framework.

Representative Ambode said the operation of a Treasury Single Account (TSA), aside giving straightforwardness and responsibility, would likewise urge citizens to ask for a solitary record before making their installments.

The advancement is in accordance with the target of the All Progressives Congress-drove government, under President Muhammadu Buhari, to guarantee that all administration income collects to one merged record.

"With this advancement, it is normal that all parastatals, neighborhood governments and foundations would start the operation of the TSA on September 1, 2015," the Governor said.

Also, all the influenced income gathering banks have been ordered to instantly close all the current different income records domiciled in their banks to give space for a solitary income bookkeeping framework in accordance with the Accountability and Transparency Policy of the present organization.