News

Investigate over N300bn ‘idle and investible’ funds in CBN, consultants charge Senate

Consultants to the Association of Local Governments of Nigeria (ALGON), Imo State chapter, Crincad & Cari Nig. Limited, has called on the chairman, Senate Committee on Finance, Senator Solomon Adeola, to investigate the more than N300 billion projected to be domiciled in the Central Bank of Nigeria (CBN) as part of accruals from the Treasury Single Account (TSA).

In a letter to the committee dated March 18, the Chief Executive Officer of the consulting firm, Ngozika Ihuoma, wrote: “We have noted the courage which the Buhari administration exhibited in ensuring full implementation of the Treasury Single Account (TSA) in 2015. “We are aware that his singular action freed the sum of N4.7billion monthly, which was being used to service ways and means paid to commercial banks holding government funds.” The consultants observed that the funds so freed by the TSA are strange to the 1999 constitution and should be expended with legal restraints.

The document read further: “We have observed that the full implementation of the TSA policy created ‘Idle and Investible’ funds at the CBN which fund is unknown to the 1999 constitution of Nigeria, as amended.” Ihuoma, therefore, prayed the committee to investigate circumstances leading to the creation of ‘idle and investible’ funds in the CBN being funds accruing to the Federation Account, which should be shared in line with extant laws and provisions of the 1999 constitution as amended.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica