KADUNA STATE GOVERNOR,ORDERS ALL IT'S STATE BANK ACCOUNTS TO BE CLOSED.

                 In a statement signed by Samuel Aruwan,the Special Assistant,Media and Publicity to the Governor of Kaduna state Mallam Nasir El-Rufai said the governor gave the directives at a meeting with officials of all banks hosting the state government's revenue and expenditure accounts.He said the meeting was also attended by the Kaduna state Branch Controller of the CBN.El-Rufai explained that after the establishment of the Treasury Single Account {TSA},the state government will open specified sub-accounts with the CBN and the commercial banks.''The banks  officials present assured the governor that within five working days of receiving the formal instructions from the state government,they will close the accounts and remit the balances to the TSA''.The statement also disclosed that selected revenue holding accounts will be excluded from the directive.The government will publish needed Treasury Circulars and other instructions to ive effect to these decisions.While thaking the banks for their continued support,the governor assured them that a session will be organized to explain to the banks how the new TSA and the sub-accounts will work.According to El-Rufai,the decision to close the accounts was to give way for implementation of the Treasury Single Account,TSA,framework by 1 September,2015.He said the decision was part of the process of attaining this goal and all the banks that maintain the accounts of the government have not only been put on notice to close them,but have also been asked to remit the balances of the Central Bank of Nigeria which will host the state's Treasury Single Account {TSA}.