Ihedioha signs Executive Order on TSA implementation – TheNigerialawyer

Governor of Imo State, Emeka Ihedioha, has proclaimed an
Executive Order on operating the Treasury Single Account in the
state.

He also directed the immediate closure of all revenue accounts
operated by the ministries, departments and agencies in the state,
stressing that doing so will ensure financial probity.

The governor made this proclamation of the Order 005, 2019,
shortly after receiving the interim report of the Financial
Advisory Committee at the weekly Expanded Executive Council meeting
at Government House, Owerri, on Wednesday.

He decried a situation where ministries, departments and
agencies of government operated parallel revenue accounts with the
Board of Internal Revenue, contrary to the dictates of the TSA
policy.

He also decried the existence of a plethora of revenue
collection contracts in various revenue segments, which are largely
uncoordinated without requisite regulatory measures.

He prohibited the collection of cash as payment for services
rendered by government and its agencies, directing that all such
payments be made to designated bank accounts of the state.

The governor directed that, henceforth, “All payments, including
deductions from the salaries of civil servants, be remitted at the
time of paying salaries to the Treasury Single Account maintained
by the Board of Internal Revenue.”

Ihedioha said, “It is the policy of this government as decided
by the State Executive Council to consolidate revenue receipts
through the operation of the Treasury Single Accounts for all
receipts.”

Delivering its report earlier, chairman of the committee, Dr.
Abraham Nwankwo, said, “It is with great pleasure that members of
our committee present the interim report regarding the Executive
Order 005.

“We thank you for this rare opportunity to serve this great
state.”

Also at the meeting were heads of financial institutions in the
state, permanent secretaries, traditional rulers, heads of security
agencies and senior government officials.

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