The Role Of Treasury Single Account (TSA) in Fostering Financial Accountability and Discipline in Federal Universities in South East Nigeria
Keywords:
Role, Treasury single account (TSA), faster, accountability, discipline, federal, universityAbstract
The thrust of this research study is to examine the role of treasury single account (TSA) in fostering financial accountability and discipline in Federal Universities in South East Nigeria. Specifically the study is designed to investigate the roles of TSA in transparent revenue collection in federal universities in South East Nigeria; ascertain the roles of TSA in equitable payment disbursement in Federal Universities in South East Nigeria. This study was carried out five federal universities in south East Nigeria (these include; University of Nigeria, Nsukka (UNN), Nnamdi Azikiwe University, Awka (UNIZIK), Federal University of Technology, Owerri (FUTO), Federal University Ndufu-Alike Ikwo (FUNAI), Alex Ekwueme Federal University, Ndufu-Alike Ikwo (AE-FUNAI), the study employed survey research design, 6,782 employees of the five federal universities in South East served as the population for the study. A sample size of 378 Respondents was drawn using Taro Yamane Sampling Techniques. The instrument for data collected is a structured questionnaire designed by the researcher; data elicited from the respondents were analyzed using simple percentage, while the hypotheses were at 0.05 level of significance using chi square statistical tool. The findings of the study revealed that TSA play positive significant role in transparent revenue collection; TSA has positive significant effect in equitable payment disbursement in Federal Universities in South East Nigeria. Based on the findings the following recommendations were made; the government and stakeholders should ensure strict adherence to TSA policy in Federal universities in order to foster financial accountability and discipline in Tertiary Institution, TSA should be used as an effective weapon against embezzlement of public fund by efficiently tracking down the institutions’ expenditures.
References
Abodunrin, O. R. & Omole, F. T. (2017). Treasury single account (TSA) policy and its effort in combating corruption in Nigeria. International Journal of Social Sciences and Humanities .7(2).
Abodunrin, O.R. Omole, F.T. (2017). Treasury single account (tsa) policy and its effort in combating corruption in Nigeria. International journal of social sciences and humanities 7(2),
Adebayo, A. I. Akinleye, M. J. and Ogunmakin, A. (2020). Effects of treasury single account (tsa) on government expenditure in Nigeria [2011 – 2018]. European journal of accounting, finance and investment 6(3)
Ajetunmobi, O. O. Adesina, K. Faboyede, S.O. & Adejana, B.P. (2017). The impact of treasury single account on the liquidity of banks in Nigeria. Journal of Accounting, Finance and Auditing Studies 3(3),
Ajugwe, C. A & Ajugwe, C. (2020). A critical analysis of treasury single account policy in Nigeria. International Journal of Research and Innovation in Social Science (IJRISS) IV(XII).
Ajugwe, C. A. (2020). A Critical Analysis of Treasury Single Account Policy in Nigeria. International Journal of Research and Innovation in Social Science, IV (XII), 103-110.
Akande, L. (2015), “Buhari orders Federal Ministries, Agencies to open Treasury Single Account”, Press Release, August 9.
Akujuru, C. A. & Enyioko, N. (2019). Effects of Treasury Single Account Policy on Corruption in Nigeria.
Andornimye, L. (2017). Impact of treasury single account (TSA) implementation on bank liquidity in Nigeria. DOI: 10.21276/sjebm
Ashibogwu, N. K. (2019). Analysis of influence of treasury single account on the effectiveness of public finance management in tertiary institutions in south-south, Nigeria.
Ayoade, A. A., Adegbola, M. M., Aladesoun, C. B., Olaniyan, I. H., & Akinde, B. O. (2020). Effect of treasury single account on public funds management in government establishment (Nigeria). International Journal of Academic Management Science Research (IJAMSR) 4(8).
CBN (2015). “Revised Guidelines for compliance with Treasury Single Account by Banks in Nigeria”.
Echekoba, F. N. Obi-Nwosu, V. O. Ubesie, C. M. & Mbanefo, P. A. (2020). Effect of treasury single account (tsa) on Nigerian banks performance. International Journal of Advanced Academic Research (Social and Management Sciences) 6(6).
Eme, O. I., Chukwurah, D. C. & Iheanacho, N.E. (2015). An analysis of pros and cons treasury single account policy in Nigeria. Arabian Journal of Business and Management, 5(4),
Eme, O. I., Chukwurah, D. C., Iheanacho, E. N. (2015). An analysis of pros and cons treasury single account policy in Nigeria. Arabian Journal of Business and Management Review, 5(4), 20-39.
Ezekiel, O.A. Olanike, O.O. (2020). Effects of treasury single account (TSA) policy on corruption in Nigeria. DOI: https://doi.org/10.36713/epra6409
Ezinando, E.E.E. (2020).T treasury single account (TSA) and performance of deposit money banks in Nigeria: A comparative analysis. International Journal of Innovative Finance and Economics Research 8(2),
Gbegi, D. O. Duenya, M. I. & Ipevnor, M. J. (2019). Effect of treasury single account adoption on accountability, transparency and public finance management in Nigeria. Nigerian Journal of Management Sciences 7(1),
Hamisu, M. (2015). “MDAs, banks under pressure as TSA deadline ends” Daily
Ilori, F.O. Efuntade, A.O. Jemiseye, A.R & Ilori, A.D. (2019). Implementation effect of treasury single account on the economy of Nigeria: The perspective of banking sector. European Journal of Accounting, Auditing and Finance Research 7(10).
Isa, A. A (2016). The treasury single account (tsa) as an instrument of financial prudence and management: prospects and problems. Research Journal of Finance and Accounting 7(4),
Isa, A. A. (2016). The Treasury Single Account (TSA) as an Instrument of Financial Prudence and Management: Prospects and Problems. Research Journal of Finance and Accounting, 7(4), 66-71.
Isoso, M. C. (2021). Treasury single account (tsa) and financial efficacy in public sector administration in Nigeria. International Journal of Innovative Finance and Economics Research 9(4):
Isoso, M. C. (2021). Treasury single account (tsa) and financial efficacy in public sector administration in Nigeria. International Journal of Innovative Finance and Economics Research 9(4)
Ivungu, J. A., Ganyam, A. I., Agbo, A., & Ola, P. O. (2020). Effect of treasury single account (tsa) on corruption in the Nigerian public sector. International Journal of Academic Research in Business and Social Sciences, 10(3),
Muraina, S.A. (2018). Effect of treasury single account (tsa) on deposit money banks’ liquidity performance in Nigeria. International Journal of Family Business and Management
Ndubuaku, V. C., Ohaegbu, O. K & Nina, N. M. (2017). Impact of treasury single account on the performance of the banking sector in Nigeria. IOSR Journal of Economics and Finance (IOSR-JEF), 8(4).
Ndubuaku, V. C., Ohaegbu, O. K. & Nina, N. M. (2017). Impact of treasury single account on the performance of the banking sector in Nigeria. IOSR Journal of Economics and Finance, 8(4), 08-15. DOI: 10.9790/5933-0804010815
Obara, L.C. Ordu, P.A. & Obara, F.U. (2022). Treasury single account (tsa) and economic development in Nigeria: accounting & ethical issues. International Journal of Innovation and Economic Development 7(6) J o u r n a l o f P o l i c y a n d De v e l o pme n t S t u d i e s ( J PDS ) 97 • Vol. 14 (1), 2023
Obinna, C.(2015), Banks Face Liquidity Strain as FG Fully Enforces Treasury Single Account, Thisday, Monday, 11 August,P52
Ofor, N. T. Omaliko, L. E. Okoli, F. C. (2017). Effect of Treasury Single Accounts (Tsa) on the Performance of Ministries, Departments and Agencies (Mda) in Nigeria. Trendy ekonomiky a managementu trends economics and management. DOI: http://dx.doi.org/10.13164/trends
Ofor, N.T. Omaliko, L.E. & Okoli, F.C. (2017). Effect of treasury single accounts (tsa) on the performance of ministries, departments and agencies (mda) in Nigeria. DOI: http://dx.doi.org/10.13164/trends.2017.29.59
Ogbomo, O.L. (2019). Treasury single account effectiveness on corruption control and public organizations efficient administration in Nigeria. International Journal of Management Studies and Social Science Research.
Ogbonna, C. J. & Amuji, H. O. (2018). Analysis of the impact of treasury single account on the performance of banks in Nigeria. Open Journal of Statistics, 8: 457-467.
Ogbonna, C.J. & Amuji, H.O. (2018) Analysis of the impact of treasury single account on the performance of banks in Nigeria. Open Journal of Statistics , 8, 457-467. https://doi.org/10.4236/ojs.2018.83029.
Okechukwu .E, Chukwurah .I, Daniel C. & Iheanacho. N, (2015). “an analysis of pros and cons treasury single account policy in Nigeria”. Arabian Journal of Business and Management Review (OMAN Chapter) 5 (4).
Okerekeoti, C.U & Okoye, E.I. (2017). Treasury single account (tsa) in Nigeria: A theoretical perspective. The 2017 International Conference on African Entrepreneurship and Innovation for Sustainable Development (AEISD)
Okwe, M. (2015). Treasury Single Account: Giving Life to Jonathan’s ‘Dead’ Policy Directives, Guardian Sunday, 16 August, 14.
Okwe, M. (2015): "TREASURY SINGLE ACCOUNT: Giving Life To Jonathan's 'Dead' Policy Directives". www.vanguardnewspaper.com Retrieved19 October 2015.
Olatunde, O. J. & Ayodeji, A. B. (2019). Effect of treasury single account (tsa) on selected tertiary institutions in Nigeria. International Journal of Trend in Scientific Research and Development (IJTSRD) 3(3).
Olayemi, A. E. and Oshatimi, O. O. (2021). Effects of treasury single account (tsa) policy on corruption in Nigeria. EPRA International Journal of Research and Development (IJRD),6( 3). DOI: https://doi.org/10.36713/epra6409