NEWS
Tinubu Closes Buhari’s Single Treasury Account, Gives Directives To MDAs
President Bola Tinubu‘s government has instructed all ministries, departments, and agencies fully funded by the federal government to remit 100% of their revenues into the Sub-Recurrent Account, part of the Consolidated Revenue Fund (CRF).
The directives, detailed in a December 28 circular from the Finance Ministry and announced on Tuesday, marks a departure from the single treasury account system used during Muhammadu Buhari’s administration.
This policy is part of the federal cabinet’s broader strategy under President Tinubu to enhance revenue generation, and to promote fiscal discipline, accountability, and transparency in the management of resources and prevention of waste.
The directives read, “All Ministries, Departments and Agencies (MDAS) that are fully funded through the annual federal government budget (receiving personnel, overhead and capital allocation) and on the schedule of Fiscal
“Responsibility Act, 2007 and any addition by the Federal Ministry of Finance should remit one hundred per cent of their Internally Generated Revenue (IGR) to the Sub-Recurrent Account, which is a Sub-component of the Consolidated Revenue Fund (CRF).
“Agencies and departments that are partly funded by the federal government – having budgetary allocations for capital or overhead expenditures – are expected to remit 50 per cent of their gross revenue while statutory revenue like “tender fees, contractor’s registration, sales of government assets, etc should be remitted one 100 per cent to the sub-recurrent account.
“For the avoidance of doubt, the Office of the Accountant-General of the Federation shall open new TSA Sub-Accounts for all Federal Government Agencies/Parastatals listed on the schedule of Fiscal Responsibility Act, 2007 and any additions by the Federal Ministry of Finance, except where expressly exempted.
“The new account opened for Agencies/Parastatal shall be credited with inflows in the old revenue-collecting accounts based on the new policy implementation of 50 per cent auto deduction in line with Finance Act, 2020 and Finance Circular, 2021, 50per cent cost to revenue ratio.
“The Office of the Accountant General of the Federation (0AGF), subject to the categorisation of agencies, shall map and automatically effect direct deduction of 50 per cent on gross revenue of Self/partially funded
“Agency/Parastatals and 100 per cent for fully funded agencies/ parastatals as interim remittance of the amount due to the Consolidated Revenue Fund.”
The Chairman of Abia State Judicial Panel of Inquiry on the recovery of Government Property and Funds, Justice Florence Doruoha-Igwe (Rtd) has issued a Bench Warrant on Anthony Agbazuere and Don Ubani, who served as Chief of Staff and Deputy Chief of Staff, respectively, to former Governor Okezie Ikpeazu.
This is even as Don Ubani has said that he never received any invitation from the panel.
The Bench Warrant on Agbazuere according to Justice Duruoha-Igwe was because of his alleged failure to appear before the Panel to give evidence in respect to a Toyota Hilux Land Cruiser alleged to be in his possession since he left office.
Justice Doruoha-Igwe (Rtd) who adjourned the matter to January 24, 2024, directed that Agbazuere should be arrested and produced for further cross examination.
The Panel said that the Bench warrant on the former Deputy Chief of Staff to former Governor Okezie Ikpeazu, Don Ubani, was because of his alleged failure to appear before the Panel and his inability to file a response to a notice served him on 30th of November, 2023.
Speaking before adjourning the matter to 24th of this month, the Chairman Justice Doruoha-Igwe (Rtd) directed that Ubani should be arrested and produced on January 24, 2024, to defend himself.
But reacting to the development, the former Deputy Chief of Staff to former Governor Okezie Ikpeazu, Don Ubani said he was shocked to read that a Bench Warrant had been issued on him, saying that he was never invited by the Panel.
“I am shocked to read that a Bench Warrant could be issued on me without ever being invited to a Panel either by writing or even through a telephone call,” said Ubani who also described the arrest order as ‘false propaganda and political witch-hunt’.
But the former Deputy Chief of Staff also promised to appear before the Panel of Enquiry if he received an invitation.
The National Judicial Council, NJC, has clarified that no date has yet been fixed for the swearing-in of the newly appointed eleven Justices of the Supreme Court.
The Council said that the purported news by an Abuja based media organization suggesting Monday January 16 for the inauguration of the Justices did not emanate from it.
A statement by the NJC’s Director of Information, Barrister Soji Oye clarified that neither the Chief Justice of Nigeria, Hon Justice Olukayode Ariwoola, who is the NJC Chairman, nor the Council itself authored or endorsed the purported date.
While asking members of the public to disregard the news, the NJC said that the date for the swearing-in of the Justices would be made public at the appropriate time.
NJC’s statement read in part, “The attention of the National Judicial Council has been drawn to a trending story purportedly informing the public that the newly appointed 11 Supreme Court Justices would be sworn in on Monday 16 January 2023.
“The Council by this medium expressly denies the news as it did not emanate from the Council or the Office of the Chief Justice of Nigeria and Chairman of the National Judicial Council, Hon. Justice Olukayode Ariwoola.
“The date for the swearing-in of the Justices will be made public at the appropriate time. Members of the public should please disregard the trending news.”
The Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN, Kaduna State, has demanded a probe of alleged extra-judicial killing of their members.
WORLD WIDE GIST recalls that an online report alleged that 11 decomposing corpses of Fulani natives, from Tulde Fulbe, Ladduga Grazing Reserve in Kachia Local Government Area of Kaduna State, were on Monday discovered in a forest.
They were alleged to have been killed by the Nigerian Army.
But the Headquarters, 1 Division of the Nigerian Army, in a statement on Thursday night, by Lt. Col Musa Yahaya, Acting Deputy Director, Army Public Relations, denied involvement of the Army in the said killing.
However, in a statement by MACBAN Kaduna chairman, Haruna Usman Tugga, he insisted that the organisation as an umbrella body of Fulbe in Nigeria received with serious concern the information.
The statement condemned what they described as “extra-judicial killing of law-abiding Fulbe youths of Tilde Fulbe community and other areas of Ladduga Grazing Reserve in Kachia Local Government Area of the state by military personnel at Kachia, headquarters of Kachia Local Government Area of Kaduna State.”
He said they called an emergency executive meeting of the association to get to the root of the matter and find out the remote causes, perpetrators and names of the victims.
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