Tag Archives: TSA

A Federal High Court in Lagos Thursday ordered seven banks to remit a total of $793,200,000 (about N249,659,700,000.00), allegedly hidden with them in breach of the Treasury Single Account (TSA) policy, to the Federal Government. A vacation judge, Justice Chuka Obiozor, made the interim order following an ex parte application by the …

‎Less than two weeks after it sanctioned two major banks for flouting Federal Government directives on T‎reasury Single Account, the Central Bank of Nigeria ‎(CBN) has imposed a fine of N4 billion on Skye Bank f‎or concealing funds belonging to Ministries,‎Departments and Agencies (MDAs). In a circular from CBN, addressed to …