Press:
  • Akinwunmi Ambode Selected as Deputy…
  • Akinwunmi Ambode Chosen to Serve…
  • Farewell Address By His Excellency,…
  • I’m Fulfilled With Projects Executed
  • Pictures: Ambode Attends Valedictory NEC…
  • akinwunmi@akinwunmiambode.com

Akinwunmi Ambode Akinwunmi Ambode

  • Home
  • About
    • ABOUT LAGOS
    • About Akinwunmi Ambode
    • About The First Lady
    • ABOUT APC
  • Manifesto
    • Our Message
    • Our Pledge
    • Our Promise
    • Our Vision and Mission
  • Issues and Initiatives
    • Health and Welfare
    • Security
    • Transportation
  • Media Room
    • Picture Gallery
    • Video Gallery
    • Press Releases
    • All Posts
  • Blog
  • Contact Us
  • Home
  • About
    • ABOUT LAGOS
    • About Akinwunmi Ambode
    • About The First Lady
    • ABOUT APC
  • Manifesto
    • Our Message
    • Our Pledge
    • Our Promise
    • Our Vision and Mission
  • Issues and Initiatives
    • Health and Welfare
    • Security
    • Transportation
  • Media Room
    • Picture Gallery
    • Video Gallery
    • Press Releases
    • All Posts
  • Blog
  • Contact Us

Governor Ambode Approves Treasury Single Account for All Government Transactions

  • August 16, 2015
  • Akinwunmi
  • Economy, Governance
  • 0

In an effort to efficiently improve on the processes of revenue generation and collection in the state and ensure proper accountability and transparency in all Government accrued revenues, the Lagos State Governor, Mr. Akinwunmi Ambode has approved the operation of a single account in the state effective from September 1, 2015.

According to a statement issued by the Permanent Secretary/Accountant General of the State, Mrs Abimbola Umar, the State Government took the decision to address the challenges previously faced with the operation of the multiple account system.

Governor Ambode said the operation of a Treasury Single Account (TSA) aside providing transparency and accountability will also encourage tax payers to request for a single account before making their payments.

The development is in line with the objective of the move by the All Progressives Congress (APC) led federal government under President Muhammadu Buhari to ensure that all government revenue accrues to one consolidated account.

In addition, all the affected revenue collecting banks have been mandated to immediately close all the existing multiple revenue accounts domiciled in their banks to give room for a single revenue accounting system in line with the Accountability and Transparency Policy of the current administration.

“With this development, it is expected that all parastatals, local governments and establishments will commence the operation of the TSA on September 1, 2015”, the Governor said.

Ambode, Govt Transactions, Single Account, Treasury
Prev
Next

About Akinwunmi Ambode

Akinwunmi Ambode (born June 14, 1963) is an accountant, an administrator, and a public finance management expert.
>>Read More

Quick Links

  • Home
  • About
    • About Akinwunmi Ambode
    • ABOUT APC
    • ABOUT LAGOS
    • About The First Lady
  • Manifesto
  • Blog
  • Contact Us
Copyright © 2014 - 2020 Akinwunmi Ambode. All rights reserved.

How much would you like to donate?