The Accountant-General of the Federation (AGF), Dr. Oluwatoyin Madein, has directed all Federal Pay Officers (FPOs) to ensure that Ministries, Departments, and Agencies (MDAs) strictly adhere to the Treasury Single Account (TSA) policy.
Madein gave the directive in a statement issued on Monday by Bawa Mokwa, Director of Press and Public Relations, Office of the Accountant General of the Federation (OAGF).
She emphasized that MDAs are prohibited from operating accounts with commercial banks without express presidential approval, which must be formally communicated by the AGF in line with financial regulations.
“This directive demonstrates the federal government’s unwavering commitment to the TSA policy and its broader public financial management reform initiatives,” she said.
She urged FPOs to ensure accurate and compliant financial records, adding that regular checks would be conducted by Treasury headquarters officials to monitor compliance.
“No matter how good you are, if your record does not reflect efficiency, it would be difficult to adjudge that you are effective,” she said.
The TSA, introduced in 2015, aims to enhance transparency, accountability, and efficiency in managing public funds. However, concerns over compliance levels have prompted renewed enforcement efforts.
Madein reiterated the federal government’s determination to strengthen the policy, ensuring that public funds remain under centralized government control rather than being managed through commercial banks.
