Research Article

TREASURY SINGLE ACCOUNT AND FRAUD PREVENTION IN FEDERAL INLAND REVENUE SERVICE

Bamidele Mogaji1*
1 Federal University of Lafia
* Corresponding author: talk2sonydelex@gmail.com
Published: Jun, 2023
DOI: 10.67894/bjms.2023.1skrqv6k
Pages: 15-29

Abstract

This research examines Treasury Single Account (TSA) and fraud prevention in Nigerian Federal Inland Revenue Service (FIRS). The research employs a descriptive design approach by studying 102 senior staff of FIRS through descriptive tools (mean and standard deviation) to analyse the data collected from the senior staff of FIRS as the respondents with a decision rule of 2.5. It is hereby deduced from this study that TSA is more effective and prudent in Federal Inland Revenues Service than the conventional ways in which Federal Inland Revenues Service generates tax revenue into multiple bank accounts. The study also reveals that TSA has failed to close-up outflows and embrace transparent actions in the management of governing treasuries. The paper recommends, amongst others, that adequate political supports from all arms of government would strengthen the effectiveness of TSA in FIRS and also training and retraining of the Service’s personnel will enhance optimization of TSA. 

Keywords

Treasury Single Account Fraud Prevention Fragmented Banking Treasury Management & Transparency.

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How to Cite

Mogaji, B. (2023). TREASURY SINGLE ACCOUNT AND FRAUD PREVENTION IN FEDERAL INLAND REVENUE SERVICE. Bayero Journal of Management Sciences, 5(1), 15-29. https://doi.org/10.67894/bjms.2023.1skrqv6k

B. Mogaji, "TREASURY SINGLE ACCOUNT AND FRAUD PREVENTION IN FEDERAL INLAND REVENUE SERVICE," Bayero Journal of Management Sciences, vol. 5, no. 1, pp. 15-29, June 2023. doi: 10.67894/bjms.2023.1skrqv6k

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