TREASURY SINGLE ACCOUNT: CONCEPT, DESIGN, AND IMPLEMENTATION ISSUES IN NIGERIA
| dc.contributor.author | Aruwa, Suleiman A.S. | |
| dc.contributor.author | Itodo, Sylvanus Mohammed | |
| dc.contributor.author | Adeyi, Ngbede | |
| dc.date.accessioned | 2023-12-10T17:40:20Z | |
| dc.date.available | 2023-12-10T17:40:20Z | |
| dc.date.issued | 2021-06-01 | |
| dc.description.abstract | The Bank Verification Number (BVN) became imperative following the increasing incidence of compromise on conventional security systems such as password and Personal Identification Number (PIN) of customers. The BVN involves identifying an individual based on physiological or behavioural attributes, such as fingerprint, signatures and others. The customers unique BVN is accepted as a means of identification across all banks system. This paper assesses the positive effect of TSA implementation on the Economy, the public accounting system and on the liquidity base and performance of banking sector in Nigeria. The paper relied on secondary methodology to effectively examine the fiscal impact of the TSA policy and anchored on incremental model as a framework of analysis. The result of this research shows that adoption of a Treasury Single Account (TSA) is capable of plugging financial loopholes, promoting transparency and accountability in the public Financial System. Thus, the researchers recommend that for the success of this policy government should promulgate more legislation to make it mandatory for all the three tiers of government in Nigeria. | en_US |
| dc.identifier.citation | Adeboyo (2015), Implication of Treasury Single Account on Nigeria economy. News verge, Nigeria: Friday, 02 Oct 2015. Adeolu I. A. (2016). Understanding The Treasury Single Account (TSA) System - Things You Should Know. [(2010), Treasury] Business & Economy, Market Development. 265 Nairaland Forum/Nairaland/General/Politics. February 2016 CBN (2015) 11Revised Guidelines for compliance with Treasury Single Account by Banks in Nigeria, Dener, Cern (2007), Treasury Single Account Practices in ECA, mimeo. Economist Intelligence Unit (EIU) (2005), “Assessing Payments Systems in Latin America,” The Economist. Eme OI, Chukwurah DC, Emmanuel NI (2015). An Analysis of Prons and Cons Treasury Single Account Policy in Nigeria. Arab J Bus Manage Rev (OMAN Chapter), 5(4): 20-39. Garbade, Kenneth, John C. Partlan, and Paul J. Santoro, (2004), “Recent Innovations in Treasury Cash Management,” Current Issues in Economics and Finance, Vol. 10, No. 11 (November). Garbade, Kenneth, John C. Partlan, and Paul J. Santoro, (2006), Essentials of Managing Cash, John Wiley & Sons, Inc. | en_US |
| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/720 | |
| dc.language.iso | en | en_US |
| dc.publisher | Department of Accounting, Nasarawa State University, Keffi | en_US |
| dc.subject | Treasury Single Account, Banking sector, Banks liquidity, Public accounting system, corruption and economy. | en_US |
| dc.title | TREASURY SINGLE ACCOUNT: CONCEPT, DESIGN, AND IMPLEMENTATION ISSUES IN NIGERIA | en_US |
| dc.type | Article | en_US |