TSA means treasury single account. This is a financial control measure introduced by the federal of Nigeria in 2015 in order to check mate the excess of financial laundry.
This allows all agencies to remit revenue generated into a single account which is solely managed by federal government of Nigeria through CBN.
The method of accessing it requires agencies who so desire to write a detailed proposal of the intending project to be undertaking.
For detailed definition, CBN offers more
Benefits
- It eliminates corruption
- It enhances transparency
- It increases cautiousness of financial handlers
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