This means that the Ministries Departments and Agencies (MDAs) and other revenue earning establishments of government have by now accustomed themselves with the unique account number, which the Head of Service of the Federation, Danladi Kifasi, designated “Accountant General: 300002095.”
Recently, President Muhammadu Buhari had reinforced his determination for the initiative by setting the September 15 deadline for the full compliance/implementation of the directive that would ensure that all revenue due to the Federal Government are gathered in the designated account to be manned by the Central Bank of Nigeria (CBN).
Before the new directive, according to The Guardian’s report, all the country leadership had flouted the constitutional mandate, which spelt out the collection and management of national earnings.
The law, first enacted in 1954 under the Oliver Lyttelton Constitution, was bridged not too long after passage and since then was passively observed under former President Goodluck Jonathan.
Since the new resolve by the Buhari to implement the law on the subject matter to the letter, stakeholders from the civil society groups, financial market operators/analysts, lawyers, among others have expressed hope that the development would bring about positive results, despite dissenting opinions.
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