The Treasury Single Account, TSA, was opened to address irregularities, ensure accountability, curb the incessant number of accounts and enable the tracking of all government revenues.
President Muhammadu Buhari stated this on Tuesday at the third National Summit on Diminishing Corruption in the Public Sector.
According to the President, “When we came into government, we found out that some institutions had hundreds of accounts. How can the Accountant General trace them?
“So, we introduced the Treasury Single Account so that all revenues will be followed and directed to it. This is a very positive way of making sure that revenues can be traced to Treasury Single Account and therefore be accounted for.”
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