Policy Implementation Report: Reps Allege Non-Remittance Of $996m To Tsa By Banks - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
May 10, 2019
The House ofRepresentatives has alleged that the sum of over nine hundred and ninety fivemillion dollars was yet to be remitted to the Treasury Single Account, TSA byDeposit Money Banks, DMBs in defiance of the Federal Government’s directive.
Adopting report of theDanburam Nuhu Abubakar-led ad-hoc committee probing the implementation of thepolicy, the chamber, presided over by Speaker Yakubu Dogara, said the sumincluded the principal deposits and their accrued interests.
Besides, it claimedthat one point two zero seven billion naira and over twenty three thousand eurowere still to be credited the TSA by the financial institutions.The lower chamber of theNational Assembly also accused the Nigerian National Petroleum Corporation,NNPC of engaging in extra budgetary expenses on the funding of the Brass LNGproject to the tune of three hundred and thirty one point seven tow milliondollars between 2012 and 2017.