Federal Government Closes 20,000 Bank Accounts And Moves N5.2tn Into TSA

Twenty thousand accounts with Deposit Money Banks have been closed with a total sum of N5.24tn moved into the TSA, the federal government, has disclosed. Since the commencement of the Treasury Single Account in September 2015, over 20,000 accounts with Deposit Money Banks belonging to Ministries, Departments and Agencies have been closed with a total sum of N5.24tn moved into the TSA, via IFTTT