President Muhammadu Buhari has revealed that his administration has so
far saved 2.2 trillion naira using just the Treasury Single Account
(TSA).
The President made this disclosure while interacting with a cross section of the Nigerian community in the United Kingdom on the side-line of the Supporting Syria Conference in London.
President Buhari faulted the past administration for operating several accounts with which they siphoned money belonging to Nigerians, vowing not to relent in the fight against corruption.
He said that money recovered so far can fund the country’s deficit and infrastructure development.
In the words of Mr President:“When we discovered that we were already in trouble, we tried to enforce the TSA. This government did not initiate it, it was the previous government, but it was so unpopular to the previous government.
“For its own reasons, it couldn’t impose it, but when we came and we found out that we were broke, we saw that this is the way to do it.
“So we enforced TSA, we said there must be TSA, and let me tell you by the end of December coming to January this year, last month we mopped up more than N2.2 trillion.”
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He said when he became president, “we discovered that the NNPC had more than 45 accounts, the ministry of defence and the military had more than 70 accounts; tell me which of the accounts to trace every year?"
The President made this disclosure while interacting with a cross section of the Nigerian community in the United Kingdom on the side-line of the Supporting Syria Conference in London.
President Buhari faulted the past administration for operating several accounts with which they siphoned money belonging to Nigerians, vowing not to relent in the fight against corruption.
He said that money recovered so far can fund the country’s deficit and infrastructure development.
In the words of Mr President:“When we discovered that we were already in trouble, we tried to enforce the TSA. This government did not initiate it, it was the previous government, but it was so unpopular to the previous government.
“For its own reasons, it couldn’t impose it, but when we came and we found out that we were broke, we saw that this is the way to do it.
“So we enforced TSA, we said there must be TSA, and let me tell you by the end of December coming to January this year, last month we mopped up more than N2.2 trillion.”
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