Benin, Feb. 13, 2025 – Oluwatoyin Madein, the Accountant General of the Federation (AGF), has directed federal ministries and agencies in the states to comply strictly with rules governing the operation of the Treasury Single Account (TSA).
She directed them not to operate accounts with commercial banks in their respective states.
A statement issued by Bawa Mokwa, the Director of Press and Public Relations in the Office of the Accountant General of the Federation (OAGF), said Madein gave the directive in Benin, Edo State, during her visit to the Federal Pay Office in Benin, Edo State as part of her ongoing nationwide tour.
The AGF urged them to adhere strictly with the TSA framework.
She directed that any federal agency in the state wishing to operate an account with a commercial bank must obtain direct approval from the President through her office and based on established guidelines.
The AGF also directed the accounting officers in the states to be transparent, dedicated and professional in their duties.
She advised them to maintain high ethical standards and avoid any actions that could undermine the credibility of the Federal Treasury.
Madein stressed the importance of accurate financial records and warned warning that inefficiency could be perceived if records failed to meet the required standards.
She said officials from the Treasury headquarters would conduct regular inspections of FPOs to ensure compliance.
Madein advised them to be well-versed in financial regulations, including the Constitution, Financial Regulations, and the Public Procurement Act, to enhance their effectiveness.
