Governor Dikko Radda has announced the commencement of a Treasury Single Account (TSA) in Katsina.
In a circular issued on Monday in Katsina tagged, ‘Treasury Single Account Direction Notice 2023’, the governor said the implementation took effect from July 3.
According to him, the measure is in exercising the powers conferred on him by section 5(2) of the 1999 Constitution, as amended.
“Without prejudice to Section 120 of the 1999 Constitution (as amended), all revenues and monies accruing and forming the Consolidated Revenue Fund, including funds from the excess crude account, grants or donation for Katsina state shall be paid into a unified account to be referred to as TSA,” stated Mr Radda. “Out of which all expenditure incurred or approved to be incurred shall be defrayed or paid.”
The governor directed the state’s accountant general to prescribe the framework within which Ministries, Departments and Agencies will henceforth conduct their bank and cash management under the TSA regime.
The governor also directed the finance commissioner, accountant general and auditor general of the state to ensure total compliance.
(NAN)
