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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