by Kingseyi Thu Jul 26, 2018 9:18 amABUJA—House of Representatives’ committee
probing the status and management ofTreasury
Single Account, TSA, yesterday, queried the
lodgement of $4.9 million and N1.5 billion in an
unnamed commercial bank without appropriate
authorisation from the President.
Consequently, the special committee summoned
Minister of Environment, Ibrahim Jibril, to appear
before it and explain why such an account
should be maintained by his ministry in the face
of the government’s TSA policy.
File: House of Reps memebers
The committee members at the continued
investigative hearing were appalled by the fact
that N1.5 billion was deposited in the bank
since March 2017 and another $4.9 million into
a domiciliary account outside the TSA.
The Abubakar Nuhu Danburam-led adhoc-
committee had queried why such large deposits
were made in the commercial bank without the
Presidency’s approval.
Instead, a letter signed on behalf of the Chief of
Staff to President Muhammadu Buhari, Abba
Kyari, was presented as the authorisation for the
operation of the non-TSA account.
A representative of the bank admitted before the
committee that the bank erred, particularly when
the money in the account did not generate any
interest and withdrawn down to about N400
billion.
The bank official further explained: “We listen to
customers and what they tell us is exactly what
we do, and in this direction, I know we erred”.
Inquest into the operation of the accounts
outside the TSA by the Ministry had been
ongoing in the House, with lawmakers
wondering why the minister was foot-dragging
and not forthcoming with needed explanations,
especially as they pertained to the provision of a
Presidential directive necessary for such action.
probing the status and management ofTreasury
Single Account, TSA, yesterday, queried the
lodgement of $4.9 million and N1.5 billion in an
unnamed commercial bank without appropriate
authorisation from the President.
Consequently, the special committee summoned
Minister of Environment, Ibrahim Jibril, to appear
before it and explain why such an account
should be maintained by his ministry in the face
of the government’s TSA policy.
File: House of Reps memebers
The committee members at the continued
investigative hearing were appalled by the fact
that N1.5 billion was deposited in the bank
since March 2017 and another $4.9 million into
a domiciliary account outside the TSA.
The Abubakar Nuhu Danburam-led adhoc-
committee had queried why such large deposits
were made in the commercial bank without the
Presidency’s approval.
Instead, a letter signed on behalf of the Chief of
Staff to President Muhammadu Buhari, Abba
Kyari, was presented as the authorisation for the
operation of the non-TSA account.
A representative of the bank admitted before the
committee that the bank erred, particularly when
the money in the account did not generate any
interest and withdrawn down to about N400
billion.
The bank official further explained: “We listen to
customers and what they tell us is exactly what
we do, and in this direction, I know we erred”.
Inquest into the operation of the accounts
outside the TSA by the Ministry had been
ongoing in the House, with lawmakers
wondering why the minister was foot-dragging
and not forthcoming with needed explanations,
especially as they pertained to the provision of a
Presidential directive necessary for such action.
