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Single Treasury Account

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How Tinubu closed Buhari’s single treasury account, asks MDAs to remit 100% revenue to new account

President Bola Tinubu’s administration has directed that all ministries, departments, and agencies fully funded by the federal government remit 100 per cent of their revenues into a Sub-Recurrent Account, a sub-component of the Consolidated Revenue Fund (CRF), where the federal…