Senate to investigate Treasury Single Account (TSA)

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The Senate, on Wednesday, directed its committees on Finance, Banking and other Financial Institutions and Public Account to carry out a holistic investigation of the operation of the Treasury Single Account (TSA) regime.

Although the upper chamber commended President Muhammadu Buhari for the introduction of TSA, it said its designated committees should look into the operations of the policy and report back in four weeks.

This followed the adoption of a motion entitled: “Abuse and mismanagement of the Treasury Single Account regime,” sponsored by Senator Dino Melaye and 31 others.

Some of the senators who contributed to the motion insisted that a third party like REMITA was not needed to ensure compliance with the TSA policy, let alone realising N25 billion in one day.

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Senate Leader, Senator Ali Ndume (APC Borno South) expressed surprise that a company could have been paid that much just to transfer money to the CBN.

He said that no matter the platform utilised, the amount was too much and as such must be investigated.

He said: “Let us take this seriously and I hope that after investigation, if it is true that somebody is involved in this then he is a sabotage trying to do things like it was done in the past”.

Senator Bassey Akpan (PDP Akwa Ibom North East), a banker of over 12 years, wondered why such amount would go to private pockets when there is total collapse of road network and other infrastructure in the country. 

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On his part, Senator Enyinaya Abaribe (PDP Abia South) alleged that over N60 billion was realised by the company, urging senators to go beyond party lines to handle such issues bordering on corruption and ripping off the common wealth of Nigerians.

“Somebody made this decision and we must ask; who gave this order; who is that person in this country that is so powerful to direct MDAs to pay money into a private account? 

“We should not cover anybody in this investigation no matter how highly placed. We are hearing that the money has gone up to N60 billion; one company is taking N60 billion of our money?” He stated.

Deputy Senate Leader, Bala Ibn Na’Allah (APC Kebbi South), stressed that no more should the nation allow any company to hide under the role of consultancy to charge outrageously for services rendered. Sex Cam shows with gorgeous cam girls. Watch HD sex videos, enjoy free sex cams for adults and direct your own porn shows live sex in free mode will give you a pleasant and sociable girls in underwear, ready to flirt with you, or even to dance for you, erotic dance. Live Sex Chat With Real Models Preforming Sex Shows On Webcam With Many Cam Niches.

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