Lagos - The Central Bank of Nigeria has directed banks to close all revenue accounts belonging to Ministries, Departments and Agencies of the Federal Government, Vanguard reports.
This directive was contained in a circular issued to all banks, yesterday, and signed by the Director, Banking and Payments Department of the CBN Dipo Fatokun.
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Entitled, “Commencement of Federal Government’s independent revenue e-collection scheme under the Treasury Single Account (TSA) Initiative, the circular stated: “Further to our letter dated January 28, 2015, on the commencement of the Federal Government’s Independent Revenue e-Collection scheme, this is to remind all banks that the Federal Government’s Independent e-Collection scheme has commenced.
Read more at Vanguard
- News 24