About N1.5 billion has been uncovered by the Sokoto State government from 100 redundant accounts in commercial banks.
Commissioner for Finance Umar Sa’idu, who spoke in Sokoto at the weekend while giving an update on the system implementation, said the introduction of the TSA prompted improvement in the reconciliation of public finance figures between the government and commercial banks.
The development followed the introduction two weeks ago of the Treasury Single Accounting (TSA) system.
He said the government was determined to trace and close down dormant accounts.
Sa’idu noted that the system reduced the risk of errors in reconciliation processes and enhanced timeliness and quality of fiscal figures.
