The CITM says apart from the poor implementation, the backend of the Treasury Single Account (TSA) is not properly secured.
The implementation of the Treasury Single Account was done without proper safeguards, the Chartered Institute of Treasury Management has said.
TSA is a public accounting system using a single account, or a set of linked accounts by the government to ensure all revenue receipts and payments are done through a Consolidated Revenue Account at theMr Adedoyin said aside from the poor implementation, the backend of the TSA is not properly secured. He added that the inability to secure the backend is causing the government to lose money.
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