Executive Order: Gov Ihedioha to assent TSA, Block Leakages, close over 250 government accounts

July 10, 2019
114 Views

The Imo State Governor, Rt. Hon. Emeka Ihedioha, will on Wednesday sign an Executive Order to bring into force the use of the Treasury Single Account by the State Government.
Ihedioha revealed this on Tuesday night when he spoke with newsmen in Owerri, the Imo State capital.
The governor said the signing of the Executive Order had become paramount because the government, before now, was operating over 250 accounts scattered across various banks.
The TSA is a system that pools all the government’s resources into a single account for better accountability.
Ihedioha said his discovery on assumption of office was that there were leakages in the revenue accruing to the state government and this was largely because of the numerous accounts being used for collection.
He said this accounted for why he decided to sanitise the state’s financial system.
He said this drove him to seek the help of a former Director General of the Debt Management Office, Abraham Nwankwo, for a critical look at the financial system, adding: “It is not an insurmountable issue.
“We discovered over 250 revenue accounts.
“So I will sign the Executive Order tomorrow for the TSA to begin immediately.”

You may be interested

Why I Sold Zouma To West Ham – Tuchel
Sports
14 views
Sports
14 views

Why I Sold Zouma To West Ham – Tuchel

Webby - December 4, 2021

Chelsea boss Thomas Tuchel has revealed that he has no regret selling Kurt Zouma to West Ham.In an interview with…

Rangers Boss Van Bronckhorst Gives Update On Injured Balogun
Sports
9 views
Sports
9 views

Rangers Boss Van Bronckhorst Gives Update On Injured Balogun

Webby - December 4, 2021

Rangers manager Giovanni van Bronckhorst has given update on injured Leon Balogun as the Scottish champions prepare to host Dundee…

Sagna Denies Dumping Arsenal For Man City Because Of Money
Sports
4 views
Sports
4 views

Sagna Denies Dumping Arsenal For Man City Because Of Money

Webby - December 4, 2021

Bacary Sagna has rejected reports that he left Arsenal to join Man City because of money.The 38-year-old swapped the Emirates…

Leave a Comment

Your email address will not be published.