303
Abia state government has threatened to suspend the bursar of the State Polytechnic, Aba, for his refusal to open a Single Treasury Account,TSA, for all financial transactions of the institution despite government’s directives.
Commissioner for Information,Barr. Eze Chikamnayo, who disclosed this in a statement explained that the Bursar’s action is delaying the remittance of the N450m salary support promised the institution by Gov. Okezie Ikpeazu.
The government warned that the opening of the TSA with a reputable bank is condition to kickstart the payment of over 30 months salary arrears owed workers of the polytechnic and added that the Bursar risks suspension from office if he fails to open the treasury bank account within 24 hours.
“The government has observed with dismay the refusal and negligence on the part of the Bursar of Abia State Polytechnic, Aba, to open a Treasury Single Account for inflow of financial payments into the coffers of the Institution as directed by Government.
“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 its 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, hereby directs the Bursar of the Abia State Polytechnic Aba to open that account within 24 hours or risk suspension from office as his refusal and or negligence is delaying the remittance of the 450 million and other funds meant for the Polytechnic.”