Read the press statement below...
Two weeks after the formal introduction of the
Treasury Single Accounting (TSA) system in Sokoto,
the state government said it has uncovered the sum of
N1.5b lying idle in 100 redundant accounts belonging to
it in various commercial banks in the country.
The state commissioner of finance, Alhaji Umar Saidu,
who stated this in Sokoto Sunday while giving an
update on the system's implementation, said
government is determined to trace and close down all
dormant and inactive accounts operated by it.
He said since the introduction of the TSA, there has been a
massive improvement in the reconciliation of public finance
figures between the government and commercial banks. This,
according to him, has reduced risk of errors in reconciliation
processes and has enhanced timeliness and quality of the fiscal
figures from such accounts.
The commissioner said the introduction of the TSA has now
enabled government to regularly monitor public cash balances
while at the same time ensuring higher quality cash analysis
from all accounts hitherto operated by the state government
and its agencies.
He added that more analysis are being undertaken efficiently
and at regular intervals.
He said the full benefit of the new accounting system would be
felt when the implementation of the 2016 budget starts. The
document is currently undergoing legislative action with state
House of Assembly.
Meanwhile, Sokoto Governor, Aminu Waziri Tambuwal, Sunday
approved the posting and redeployment of new permanent
secretaries and directors-general in the state civil service.
A statement issued by his spokesman, Malam Imam Imam,
showed that 23 Permanent Secretaries were redeployed while
11 DGs have been sent to various departments and agencies in
the state.
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