13 Parastatals, Includng NNPC, Exempted From Treasury Single Account

CBN Headquarters

The Office of the Accountant-General of the Federal Republic of Nigeria has granted an exemption to thirteen MDAs in line with the e-collection and mop up exercise by the federal government.

A circular from the AGF’s office to the The Director, Central Bank of Nigeria, Banking & Payments System Department, on September 14 made this exceptions, though it has not been announced.

By virtue of this circular, the following bodies will not be subject to the TSA: NNPC, PHCN, BOI, Railways, Mortgage Bank, Bank of Agriculture, NIPP, Galaxy Backbone, Ajaokuta Stell, Niger Delta
Power, Urban Development Bank, NEXIM and Transcorp Hilton.

More details to follow...

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