Since the commencement of the Treasury Single Account in September 2015, over 20,000 accounts with deposit money in banks belonging to Federal Government Ministries, Departments and Agencies have been closed with a total sum of N5.24 trillion moved into the TSA.
The Accountant-General of the Federation, Ahmed Idris, gave the figures on Tuesday in Abuja at the opening session of a two-day retreat on the TSA.
The TSA is a platform used by the government to unify all its accounts by ensuring that all monies belonging to it are kept with the Central Bank of Nigeria.