President Bola Tinubu has pulled the Federal Capital Territory Administration, FCTA, out of the Treasury Single Account, TSA.
According to Vanguard, the move, which was announced at a news conference Friday in Abuja, is seen as a boost to the authority of Rivers State Governor Nyesom Wike, who Tinubu appointed to head the FCTA in January.
The TSA is a government policy that requires all government revenue to be deposited into a single account. The policy was introduced in 2015 to improve transparency and accountability in government finances.
More to come…
