TSA: Banks move N1.2 trn to CBN

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...towards a better life for the people VOL. 25: NO. 62494

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ONLINE | www.vanguardngr.com

N150

WEDNESDAY, SEPTEMBER 16, 2015

CHIBOK GIRLS: FG in talks with Boko Haram, says Buhari 10

TRIBUTE

DEINDE: At last ‘the veil is lifted' — Erelu Abiola Dosumu

TSA: Banks move N1.2 trn to CBN •Inter-bank money market frozen; Lawmakers back FG •Long list of MDAs' accounts provided by CBN

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By Omoh Gabriel

L

AGOS—BANKS were, yesterday, busy with the transfer of an estimated N1.2 trillion of public sector funds to the Central Bank of Nigeria in compliance with the Federal Government directive on Treasury Single Account, TSA. As the deadline for the implementation of the Treasury Single Account for MDAs closed, yesterday, Nigerian banks were sorting out accounts of MDAs the CBN circulated among banks to identify which of the accounts was domiciled in their banks. As a result, there was no trading between banks. According to bank treasurers, banks made no bids on the interbank money market yesterday as they were engaged on how to comply with the directive Continues on Page 5

RIVERS GOV POLL: Only 293,073 voters accredited, INEC tells tribunal 43 NIGERIA/FRANCE BUSINESS FORUM: From left, President, Heirs Holdings, Mr. Tony Elumelu; Permanent

Secretary, Ministry of Foreign Affairs, Amb. Abubakar Lolo; Chairman, Dansa Holdings Limited, Alhaji Sani Dangote; President MEDEF International, Mr. Pierre Gattaz; President Muhammadu Buhari; Governor Abubakar Badru of Jigawa State; Governor Ibikunle Amosun of Ogun State and Zamfara State Governor, Abdulaziz Yari, during the Nigeria-France Presidential Business Forum held at MEDEF Headquarters, Bosquet, Paris, France, yesterday.

COLUMNIST:

Who will save Nigeria's youth? •P.17 C M Y K

Lagos motorists Widow battles Catholic Church over groan as traffic gridlock plot of land returns See Inside 52

Release my wife, Nwosu begs abductors

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Mr & Mrs


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