Single Account: Clear the air now – PDP

From Taiwo Amodu, Abuja
THE Peoples Democratic Party, (PDP) has called on the
Federal Government to clear the air on the remit- tances
and operations of the Treasury Single Account (TSA).
Addressing newsmen yesterday in Abuja, Nation- al
Publicity Secretary, Olisa Metuh, said the explanations
offered by the Minister of Information, Alhaji Lai
Mohammed and the Central Bank of Nigeria (CBN) on the
operations and actual remittance into the account were
contradictory.
Metuh further accused the Federal Government of trying to
preempt the outcome of the investigation yet to be
conducted by two committees of the Red Chamber-
Committee on Banking, Insurance and other Financial
Institutions and Committee on Public Accounts.
“On the controversies trailing the operations of the TSA,
the conflicting statements emanating from the federal
executive, via the Minister of Information and the CBN
underscore the fear being raised by the Senate that there
may have been under-hand deals in the process.
“Whereas the Senate has ordered its Committee on
Finance and Public Ac- counts to investigate the remitting
and handling of N2.5 trillion into the TSA, the executive,
through the Minister of Information, Lai Mohammed, had
earlier informed the nation that the N1.4 trillion has been
remitted, while the CBN put its figure at below a trillion and
announced an estimated collectable amount of N1.2
trillion”, he said.

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