Why Govt Have Not Released The N450m They Promised Abia Poly Revealed
TODAY'S NEWS RECAP
In a press release made available to ALL FACTS NEWSPAPER and signed by Honourable Commissioner for Information and Strategy, Barr Eze Chikamnayo, he revealed that the refusal of the Bursar of Abia State Polytechnic (Abia Poly), Aba to open a Treasury Single Account (TSA) for all inflow of financial payments into the Coffers of the Institution as directed by Government was the reason why Abia State Government have not remitted the N450m they promised to give to the institution to pay salaries.
In the same press release, the commissioner warned that the Abia Poly Bursar will be suspended from office if the account is not opened in the next 24 hours. He stated that the government is insisting on the TSA because it curtail leakages and helps in accountability. READ FULL PRESS RELEASE BELOW:
Government Special Announcement
Government has observed with dismay the refusal and or negligence on the part of the Bursar of Abia State Polytechnic, Aba to open a Treasury Single Account for all inflow of financial payments into the Coffers of the Institution as directed by Government.
It will be recalled that the opening of a TSA inflow account with a reputable Bank is a precondition for the release of the 450 million Naira which Government has approved to kick-start the process of offsetting all salary arrears owed to it’s staff.
The benefit of a Treasury Single Account is to ensure transparency and accountability in expenditure and help to minimize revenue leakages that have been a major challenge to the growth and development of the Abia State Polytechnic, Aba.
Government, therefore, hereby directs the Bursar of the Abia State Polytechnic Aba to open that account within 24 Hours or risk immediate Suspension from Office as his refusal and or negligence is delaying the remittance of the 450 million and other funds meant for the Polytechnic.
Barr Eze Chikamnayo
Honourable Commissioner for Information and Strategy