SOKOTO STATE GOVERNMENT RECOVERS 1.2 BILLION IN ISLE ACCOUNTS

Two weeks after the formal introduction of the Treasury
Single Accounting (TSA) system in Sokoto, the state
government said it has uncovered the sum of N1.5b lying
idle in 100 redundant accounts belonging to it in various
commercial banks in the country.
The state commissioner of finance, Alhaji Umar Saidu, who
stated this in Sokoto Sunday while giving an update on the
system's implementation, said government is determined to
trace and close down all dormant and inactive accounts
operated by it.
He said since the introduction of the TSA, there has been a massive
improvement in the reconciliation of public finance figures between
the government and commercial banks. This, according to him, has
reduced risk of errors in reconciliation processes and has enhanced
timeliness and quality of the fiscal figures from such accounts.
The commissioner said the introduction of the TSA has now enabled
government to regularly monitor public cash balances while at the
same time ensuring higher quality cash  analysis from all accounts
hitherto operated by the state government and its agencies.
He added that more analysis are being undertaken efficiently and at
regular intervals.
He said the full benefit of the new accounting system would be felt
when the implementation of the 2016 budget starts. The document is
currently undergoing legislative action with state House of Assembly.
Meanwhile, Sokoto Governor, Aminu Waziri Tambuwal, Sunday
approved the posting and redeployment of new permanent secretaries
and directors-general in the state civil service.
A statement issued by his spokesman, Malam Imam Imam, showed
that 23 Permanent Secretaries were redeployed while 11 DGs have
been sent to various departments and agencies in the state.