Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

PWC and EY to audit TSA accounts

Onome Ohwovoriole by Onome Ohwovoriole
February 10, 2018
in Company News, General News
PWC and EY to audit TSA accounts
Share on FacebookShare on TwitterShare on Linkedin

The Office of the Auditor-General of the Federation has asked Price Waterhouse Coopers and EY to audit the Treasury Single Account (TSA). Mr Alexander Oyeyemi, a director in the OAGF’s office disclosed this recently.  Mr Oyeyemi also revealed that over N5 trillion has been paid into government coffers since the policy began, while N300 billion that has been unclaimed by MDA’s will be invested in treasury bills.

More facts about the audit

The Federal Government wants to confirm that funds remitted by the Ministries, Departments and Agencies (MDAs) are equal to the amount paid into the bank accounts. The FG had recently taken 7 banks to court for allegedly hiding money meant for the TSA, then withdrew the case citing public interest. The scope of the audit covers MDA balances before and after the implementation of the policy. Minister of Finance, Kemi Adeosun had in February this year stated that the government had recovered some funds from banks that were not remitted into the TSA account.

The Treasury Single Account (TSA) was introduced by the Goodluck Jonathan administration, but implemented by the Buhari administration in November 2015. While the government has witnessed an increase in its revenue,t the policy has led to a huge drop in government deposits with banks. PWC was formed in 1198 from the merger of Pricewaterhouse and Coopers and Lybrand. The company has roots dating to the 18th Century. EY (formerly known as Ernest and Young) was founded in 1989 and is one of the 4 biggest accounting firms in the world.

Related

Tags: EYNews ReviewPwCTSA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Top 7 best gift cards to sell in Nigeria and Ghana (2022)
    • International passport: Immigration Service to enable self-verification of NIN on portal
    • THIS WEEK: Naira falls as inflation and Eurobond Yield rise

    Follow us on social media:

    Recent News

    Top 7 best gift cards to sell in Nigeria and Ghana (2022)

    Top 7 best gift cards to sell in Nigeria and Ghana (2022)

    May 21, 2022
    Nigerians in Qatar facing deportation due to unavailability of passports in embassy

    International passport: Immigration Service to enable self-verification of NIN on portal

    May 21, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com