We have saved N2.2 trillion since I got into power - Buhari

Buhari said his govt has saved money since he
introduced TSA
– Buhari said TSA is Goodluck Jonathan's idea
– He explained why he stopped the sale of
foreign currency
President Muhammadu Buhari
Nigeria's president, Muhammadu Buhari has
revealed his administration had been able to plug
leakages and save N2. 2 trillion through the Treasury
Single Account (TSA).
Buhari revealed the reason when he spoke on the
state of the economy during an interactive session
with the Nigerian community in the United Kingdom
on the sidelines of the supporting Syria conference in
London.
The president said although the TSA was the initiative
of the Goodluck Jonathan administration, the
immediate past government did not make use of it.
"When we discovered that we were already in
trouble, we tried to enforce the TSA. This government
did not initiate it, it was the previous government, but
it was so unpopular to the previous government," he
said.
"For its own reasons, it couldn't impose it, but when
we came and we found out that we were broke, we
saw that this as the way to do it.
"We discovered that the NNPC had more than 45
accounts, the ministry of defence and the military
had more than 70 accounts; tell me which of the
accounts to trace every year. "So we enforced TSA,
we said there must be TSA, and let me tell you by the
end of December coming to January this year, last
month we mopped up more than N2.2 trillion."
He also revealed why his government stopped the
sale of foreign exchange to bureau de change (BDC)
operators.
He said the sale was stopped due to fraudulent acts
perpetrated by some directors of the Central Bank of
Nigeria (CBN).
We found out that some directors of CBN owned
bureau de change and when foreign exchange
comes, they take it to their bureau de change and
give government the change," he said.
"We had to stop the federal government giving
bureau the change. I am explaining this to give a tip
of the ice berg of the problem we inherited. We are
getting so hard because we have no other [option]
than to make everybody accountable."
Meanwhile, the federal government's anti-corruption
war has been extended to 81 government agencies
, News Agency of Nigeria is reporting.
The agencies, which are revenue generating will
undergo forensic audit following the approval of the
National Economic Council (NEC) yesterday,
Thursday, January 28 in Abuja.

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