The Accountant-General of the Federation (AGF), Dr (Mrs) Oluwatoyin Madein, has warned Federal Ministries, Departments and Agencies (MDAs) to shun maintaining accounts with commercial banks without first obtaining presidential approval.
The warning was contained in a written directive to all Federal Pay Officers (FPOs) across Nigeria by the Office of the Accountant General of the Federation (OAGF).
Signed by OAGF Director of Press and Public Relations, Bawa Mokwa, it mandated FPOS to monitor MDAs within their jurisdictions to ensure strict adherence to the Treasury Single Account (TSA) policy.
Dr Madein in the said statement emphasised the crucial role of FPOs in enforcing TSA compliance.
“MDAs are strictly prohibited from operating accounts with commercial banks without express presidential approval, which must be formally communicated by the AGF and adhere to established rules and guidelines.
“This directive shows the federal government’s unwavering commitment to the TSA and its broader public financial management reform initiatives,” she warned.
