TSA: CBN, NCC, NPA, NIMASA, Others To Remit 25% Earnings To FG

<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSGAlTGqZOIsavvy-8M6LAVicG3wQP3Y9IFhIqTPjBZGpLnpH_l8L3nPRaLdVfKR9cy2CWB2VdbwXQARzB6lr9SW4SAULVLfHUefujmlhnaxEe2sqdk1Ass-03cXfIzfEGO8XHnE0L_IAL/s1600/nigeria-naira-cash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSGAlTGqZOIsavvy-8M6LAVicG3wQP3Y9IFhIqTPjBZGpLnpH_l8L3nPRaLdVfKR9cy2CWB2VdbwXQARzB6lr9SW4SAULVLfHUefujmlhnaxEe2sqdk1Ass-03cXfIzfEGO8XHnE0L_IAL/s1600/nigeria-naira-cash.jpg" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <b>ABUJA, NIGERIA - The Federal Government yesterday clarified that the agencies of government not funded through the federal government budget are expected to remit only 25 percent of their gross earnings to the Consolidated Revenue Fund (CRF).</b></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> The 25 percent gross earnings of the Central Bank of Nigeria (CBN), the Nigerian Maritime Administration and Safety Agency (NIMASA) among others, are to be deposited in a sub-account linked to the Treasury Single Account (TSA) to be maintained at the CBN.</div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> Also affected, according to <b><a href="http://www.vanguardngr.com/2015/08/single-account-cbn-npa-others-to-remit-25-per-cent-of-revenue/">Vanguard</a></b> findings, are Security and Exchange Commission (SEC), Corporate Affairs Commission (CAC), Nigerian Port Authority (NPA), Nigerian Communications Commission (NCC), Federal Airport Authority of Nigeria (FAAN), Nigerian Civil Aviation Authority (NCAA), Nigeria Deposit Insurance Corporation (NDIC), and National Sports Commission (NSC). </div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> According to the circular obtained by <i>Vanguard </i>in Abuja, the system will be configured to allow access to funds by these agencies, based on approved budget.</div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> The situation before the presidential directive was such that it was difficult to know how much the agencies were generating which made it easy for the funds to be misppropriated by heads of the agencies who had unfettered access to the accounts.</div> <br /> <br /> <div style="text-align: center;"> <i><span style="color: blue;">Have you got a news tip, article or press release for us? E-mail: <a href="mailto:TNN.ng1@gmail.com" target="_blank"><b>TNN.ng1@gmail.com</b></a></span></i></div> <div style="text-align: center;"> <i><i><span style="color: blue;">Follow us on <b><a href="https://twitter.com/TNN_ng">Twitter</a></b> , <b><a href="http://facebook.com/TheBluebloodGroup">Facebook</a> </b>and <b><a href="https://plus.google.com/u/0/109876989019615433095/posts">Google+</a></b></span></i></i></div> <i> </i> <br /> <div style="font-family: ''; text-align: center;"> <b>=============================================================</b><br /> <div style="text-align: center;"> <b style="font-family: '';"><span style="background-color: white; color: red; font-size: large;">PLACE YOUR TEXT ADVERTS HERE  </span>=============================================================</b></div> </div> <div style="font-family: ''; text-align: center;"> <b><span style="color: blue; font-size: large;"><u>DUBAI VISAS IN 7-DAYS</u></span></b><br /> <b>Do you need Single-Entry or Multiple-Entry Visas to the UAE (Dubai Visas) for 14-Days (Single-Entry Only), 30-Days or 90-Days? Processing within 7-working days! We guarantee you affordable prices. Contact <span style="background-color: white; color: blue;">Rukky Travels and Tours</span> at <span style="color: red;">rukkytravels@gmail.com</span></b><br /> <b>*********************************************************************</b><br /> <br /></div> <div style="font-family: ''; text-align: center;"> <b><span style="color: blue;">YOU TOO CAN HAVE YOUR TEXT ADVERTS PLACED HERE. CONTACT US AT </span><span style="color: red;">tnn.ng1@gmail.com</span><span style="color: blue;"> FOR AD PLACEMENT DETAILS</span></b></div>

TSA: CBN, NCC, NPA, NIMASA, Others To Remit 25% Earnings To FG

ABUJA, NIGERIA - The Federal Government yesterday clarified that the agencies of government not funded through the federal government b...

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