scholarly journals Treasury Single Account and Fraud Management in Nigeria: Benefits and Challenges

2021 ◽  
pp. 247-261
Author(s):  
ARUKWE C. Maureen ◽  
OKORO Deborah P. ◽  
ENEH Nnajiofor Cyrus
Keyword(s):  
Survey Design ◽  
Primary Data ◽  
Public Enterprises ◽  
Bank Account ◽  
Process Implementation ◽  
Credit Creation ◽  
Ministry Of Finance ◽  
Bank Accounts ◽  
Public Money ◽  
Public Expenditure Management

Treasury systems are designed to manage several critical aspects of public expenditure management. Key treasury system functions include financial planning, control of the budgetary process and management of government cash flow. However, for any treasury system to be effective, government has to ensure that it has sufficient liquidity to deal with payments, while ensuring that such liquidity costs are kept within the barest minimum. TSA is a (system of) unified structure of government bank accounts enabling optimal utilization and consolidation of government cash resources. In TSA a bank account or a set of linked bank accounts is used for all government transactions all its receipts and payments and gets a consolidated view of its cash position at any given time. This study investigates Treasury Single Account (TSA) and Fraud Management: Benefits and Challenges in Nigeria. Adopting a survey design, the study made use of primary data collected mainly through administering a set of questionnaire to104employeesofselected three Corporate Affairs Commissions in South-East, Nigeria comprising Enugu, Imo and Abia.100copiesofthequestionnaireoutof the total number of retrieved copies of questionnaire were validly completed and useful for analyses. Findings interlaid revealed that: TSA significantly reduced the incidence of fraud in public enterprises; TSA in public enterprises to a large extent reduces the credit creation of deposit money banks. The study recommends that the TSA policy will be effective if, the Fiscal Sunshine Bill is to be put in place, and if enacted will open up all financial activities of government in a way that there will be no more hiding place for those who divert or loot government money. Just like the Fiscal Sunshine Act is in place with budgeting process, implementation and contract awards, should be open for Nigerians to see how both revenues are generated and how public money is being spent by those in government, and why; Government should overhaul the capacity of the Federal Ministry of Finance and the CBN in order to cope effectively with the challenges associated with enforcement of the provisions of the TSA.

THEORISING THE TREASURY SINGLE ACCOUNT (TSA) IN NIGERIA

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Chinedu U. Okerekeoti ◽  
Emma I. Okoye
Keyword(s):  
Federal Republic ◽  
Financial Resources ◽  
Bank Account ◽  
Ministry Of Finance ◽  
Bank Accounts ◽  
The Government ◽  
Multiple Accounts ◽  
The Way

Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enlightenment about the importance of the policy at all levels. Also, government should adhere to the provisions of Section 162(1) of the Constitution of the Federal Republic of Nigeria (as amended) for the maintenance of Federation accounts and avoid using private contractors (SystemSpecs-Remita). Though Section 162(1) has made provisions for maintenance of Federation accounts, the legislature should look inwards and address the operational details. Furthermore, government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the TSA.

scholarly journals BANKING FACILITIES IN TRIBAL DOMINATED RURAL AREAS - A CASE STUDY OF HEZAMARA BLOCK, MOHANPUR, TRIPURA

2021 ◽  
pp. 61-65
Author(s):  
Sayan Saha ◽  
Kiran Sankar Chakraborty
Keyword(s):  
Rural Areas ◽  
Financial Institution ◽  
Primary Data ◽  
Bank Account ◽  
Tribal People ◽  
Financial Products ◽  
The People ◽  
Bank Accounts ◽  
To Receive

A bank is a financial institution licensed to receive deposits, make credits and provide other banking facilities – transactions,payments and insurance.By the way of implementing the concept of financial inclusion,a vast section of the rural disadvantaged tribal people in India was gradually coming under the ambit of formal banking services.As per the report of the World Bank's (2017) Global Findex shows that nearly 80 percent of the people in India had a bank account. However a significant portion of tribal people in India are excluded from the ambit of the banking facilities in the country. In this background the present paper aims to assess the level of access to banking facilities among the tribal people of Hezamara Block of Mohanpur,Tripura and to study their awareness level about financial products and services offered by the banks.The present study is based on primary data collected from the 200 tribal households in Hezamara Block through a set questionnaire and discussion.It has found that 100 percent of sample tribal respondents are having bank accounts and majority of the respondents have their bank accounts in Tripura Gramin Banks (TGBs) and Tripura State Co-operative Banks (TSCBs) respectively.

scholarly journals SECTORAL ANALYSIS OF BANKS ON TRENDS OF OPENING ACCOUNTS FOR PRADHAN MANTRI JAN DHAN YOJNA PHASE I (PMJDY)

2017 ◽  
Vol 5 (1) ◽  
pp. 183-197
Author(s):  
Trilok Nath Shukla
Keyword(s):  
Phase I ◽  
Financial Services ◽  
Prime Minister ◽  
Financial Inclusion ◽  
Bank Account ◽  
Direct Supervision ◽  
Debit Card ◽  
Sectoral Analysis ◽  
Ministry Of Finance ◽  
Bank Accounts

Most recently a national mission on financial inclusion called “PRADHAN MANTRI JAN - DHAN YOJANA” was launched on the 28th of August 2014. Under the direct supervision of the Indian Prime Minister and the Department of Financial Services, Ministry of Finance, the objective of this mission is to enroll over 70 million households and open their bank accounts along with providing them as a first step a RuPay debit card with a Rs. 1,00,000/- accident cover. In the due course of time the plan is to also cover these account holders with insurance and pension products. About 60% of the population in India does not have access to a bank account. PMJDY aims at providing bank account to single household above the age of 10 years who do not have bank account and will be opened with zero balance. The household opening the account will be benefited with one lakh accidental cover and Thirty Thousand life cover without premium. People opening account under this scheme will also avail overdraft facility up to five thousand from the bank after satisfactory conduct of the account for 6 months.

An Investigation of Coping Strategies Adopted by Small-Scale Sugarcane Growers in Bungoma County, Kenya

2021 ◽  
Vol 3 (1) ◽  
pp. 89-102
Author(s):  
Protas Fwamba Khaemba ◽  
Philomena Muiruri ◽  
Thomas Kibutu
Keyword(s):  
Coping Strategies ◽  
Survey Design ◽  
Primary Data ◽  
Coefficient Of Determination ◽  
Farm Income ◽  
Small Scale ◽  
Sugarcane Farming ◽  
Income Generating Activities ◽  
Household Heads ◽  
By Products

This paper reports on one of the findings of a study undertaken to investigate the coping strategies used by small-scale sugarcane growers in Bungoma County, Kenya. A descriptive survey design was used. A multi-stage sampling procedure was employed in the selection of the divisions, villages, key respondents, and sugarcane farmers to be interviewed. Primary data were collected using questionnaires from 100 small-scale sugarcane growers’ household heads from Bumula Sub-County. Data were collected during the month of December 2016.  Qualitative data collected were analysed thematically. Quantitative data was analysed using regression in SPSS version 23 and Microsoft Excel. Results from small-scale sugarcane farmers in Bumula Sub-County revealed a declining farmers’ participation in sugarcane farming activities in the area. Coping strategies identified included off-farm income-generating activities, sale of sugarcane by-products and non-contracted cane farming. Significance test qualification was based on a percentage of adjusted R2 and within 0.3 to 0.7 ranges for Beta weight value.  The correlation coefficient (R-value) for the model was 0.362, indicating a moderately positive relationship between variables. The coefficient of determination (R2) was found to be 0.284 (28.4%). Adopted coping strategies accounted for 28.4% variability in the declining farmers’ participation in sugarcane farming. This result suggests the existence of other factors that explain the remaining 71.6% of the variation in the declining farmers’ participation. Farmers should enhance both on-farm and off-farm income-generating activities, sugarcane by-products value addition, and non-contracted cane farming in order to reverse the outcome and result in an enhanced farmers’ participation in sugarcane farming activities by 36.2%

scholarly journals ON THE ECONOMIC STUDIES CONNECTED WITH THE USE OF ELECTRONIC MONEY IN UKRAINE

2016 ◽  
Vol 15 ◽  
pp. 331-339
Author(s):  
T. V. Moroz
Keyword(s):  
Electronic Medium ◽  
Electronic Money ◽  
Bank Account ◽  
Electronic Form ◽  
Bank Accounts ◽  
Economic Studies

The article deals with peculiarities that must be taken into account while conducting forensic economic examinations connected with studying financial and credit transactions with the use of electronic money. Electronic money is a monetary obligation of the issuer in an electronic form that is stored on an electronic medium in the user’spossession. This medium can be a microprocessor card, the user’s computer, a server of the electronic money clearance system where the user’s electronic money is stored, etc. In the electronic money clearance systems bank accounts are used only when the money is debited or withdrawn from the system. At the same time these bank accounts are the issuer’s and not the user’s accounts. When electronic money is issued the user’s traditional money is debited to the issuer’s bank account. When the electronic money is used in payment, traditional money is written off the issuer S bank account and is paid to the bearer. The article provides a list of normative and legislative acts regulating the main aspects of conducting the studies.

scholarly journals Dryland Farmers on Climate Resilient Practices – An Adoption Study at an Industrialized Taluk of Tamil Nadu

2020 ◽  
pp. 169-177
Author(s):  
D. Alagu Niranjan ◽  
Dipak Kumar Bose
Keyword(s):  
Correlation Analysis ◽  
Tamil Nadu ◽  
Survey Design ◽  
Conservation Tillage ◽  
Primary Data ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Adoption Study ◽  
Planting Materials ◽  
Selection Of

Aims: To study the adoption of climate resilient practices by the farmers in the dryland region. Study Design: Cross-sectional survey design was used for the present descriptive study. Place and Duration of Study: The study was conducted in Sam Higginbottom University of Agriculture, Technology and Sciences, Allahabad (Prayagraj) during the year of 2018 and for the period of 6 months. Methodology: The study used direct interview method with the subjects using a structured and pre-tested interview schedule for primary data collection in the sampled area which is an industrialized taluk of Tamil Nadu. The selection of area was purposeful, whereas, selection of villages was random and 15 respondents form each village was convenient. The collected data was tabulated and interpreted using descriptive statistics and correlation analysis. Results: The results of the study suggest that there is a poor adoption level of climate resilient practices existing among the dryland farmers. While, some of the practices like incorporation of residues in to soil instead of burning, brown and green manuring, conservation tillage, temperature tolerant varieties, farm machinery custom hiring centre, location specific intercropping systems, crop rotation, usage of better planting materials, prophylaxis, custom hiring centre and weather based insurance were adopted to some extent. Though there was no specific intervention to sensitize on these practices, adoption of above mentioned practices were found which could be due to the passive adaptation by the farmers of the locality over years. And the results of correlation analysis revealed that there is a significant relationship between adoption of climate resilient practices and variables like the respondents’ education, exposure to mass media exposure, contacts with extension agents, innovativeness level, risk orientation and scientific orientation at 0.01% level of significance. Conclusion: The results of the study will definitely help in evaluating government projects (as baseline) like National Initiative on Climate Resilient Agriculture, and strengthening programme planning and implementation in climate change.

scholarly journals PENGHITUNGAN KREDIT PAJAK MASUKAN PKP YANG MELAKUKAN PENYERAHAN YANG TERUTANG PPN DAN YANG DIBEBASKAN (STUDI PADA PDAM TIRTA PATRIOT)

2020 ◽  
Vol 3 (2) ◽  
pp. 60-69
Author(s):  
Rizqi Haniyah ◽  
Asqolani Asqolani
Keyword(s):  
Government Regulation ◽  
Value Added ◽  
Field Research ◽  
Primary Data ◽  
Clean Water ◽  
Value Added Tax ◽  
Library Research ◽  
Water Value ◽  
Ministry Of Finance ◽  
One Year

Perusahaan Daerah Air Minum (PDAM) pada umumnya memiliki dua jenis penghasilan yaitu layanan penyediaan air bersih sebagai sumber utama penghasilannya dan penghasilan non air. Air bersih baik yang bisa diminum atau tidak, merupakan Barang Kena Pajak yang dibebaskan dari pengenaan Pajak Pertambahan Nilai sesuai Peraturan Pemerintah Nomor 40 Tahun 2015. Disamping itu, perusahaan juga memiliki penghasilan lain yang secara ketentuan perpajakan terutang pemungutan PPN. Namun di sisi lain, terdapat permasalahan terkait Pajak Masukan yang seharusnya tidak dapat dikreditkan seluruhnya karena terdapat penyerahan yang terutang pajak namun tidak dapat diketahui dengan pasti. Oleh sebab itu jumlah Pajak Masukan yang dapat dikreditkan untuk penyerahan yang terutang pajak dihitung dengan menggunakan pedoman yang diatur dengan Peraturan Menteri Keuangan No. 135/PMK.011/2014. Penelitian ini menggunakan metode kualitatif yang ditujukan untuk memperoleh data dan fakta tentang kasus pengkreditan Pajak Masukan dengan menggunakan data primer yaitu wawancara. Teknik pengumpulan data yang digunakan dalam penelitian ini adalah Studi Kepustakaan (Library Research) dan Studi Lapangan (Field Research). Kesimpulan dari penelitian ini adalah adanya Pajak Masukan yang seharusnya tidak seluruhnya dikreditkan karena terdapat penyerahan yang digunakan secara bersama-sama untuk menghasilkan air bersih (BKP yang dibebaskan) dan penerimaan non air bersih (BKP) dan tidak dapat diketahui secara pasti jumlahnya. Pengkreditannya seharusnya dilakukan dengan menggunakan penghitungan kembali Pajak Masukan berdasarkan perkiraan setelah diketahui nilai penyerahan terutang dan tidak terutang Pajak Pertambahan Nilai dibebaskan selama satu tahun.Kata kunci: Pengkreditan Pajak Masukan, Air Bersih, Pajak Pertambahan Nilai, Barang Kena Pajak Dibebaskan. AbstractThe company of Regional Drinking Water (PDAM) generally has two types of income, namely the clean water supply service as the main source income and non-water income. Clean water that can be drunk or not, is a taxable good that is exempt from the imposition of value added tax according to government regulation number 40 year 2015. On the other hand, the company also has other income that is based on taxation payable VAT. But there are issues related to input tax that should not be credited entirely because there is a tax payable submission but cannot be identified with certainty. Therefore, the amount of input tax which can be credited for the value-added reporting is calculated using the guidelines governed by the Ministry of Finance regulation No. 135/PMK. 011/2014. This Research uses qualitative methods aimed at obtaining data and facts about the case of tax crediting of inputs using primary data i.e. interviews. The data collection techniques used in the study Library Research and field research. The conclusion of the study is that the input tax for some inventories should not be fully credited because they are used to produce clean water (freetax) and non-water income (taxable goods) and can not be exactly identified. The credit should be made by using an estimated tax return calculation after all the income is reported for one year. Keywords: Input tax, Clean Water, Value Added Tax, Free-Taxable Goods.

scholarly journals Devolution and Politics as Predictors of Expansion Strategies in Public Training Institutions: A Case Study of Kenya Medical Training College

Science Mundi ◽  
2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Paul Chandoo Musango ◽  
Daniel K. Kimwetich
Keyword(s):  
Health Services ◽  
Medical Training ◽  
Survey Design ◽  
Pearson Correlation ◽  
Primary Data ◽  
The Public ◽  
Political Patronage ◽  
Training Institutions ◽  
Descriptive Survey ◽  
Expansion Strategies

This study investigates the influence of devolution and politics on the expansion strategies in public training institutions with reference to the Kenya Medical Training College. The specific objectives of the study are to: establish the influence of devolution of health services on the success of expansion strategies in the public training institutions and; determine the influence of politics on the success of expansion strategies in the public training institutions. This study is based on the contingency theory. It adopts the descriptive survey design. The study focuses on 2393 KMTC officers from the 73 KMTC campuses in Kenya, 42 ministries of health officials in the 42 counties that have KMTC campuses, and 42 local leaders from those counties that have KMTC campuses. The total targeted study participants were thus 2477. From these, 10% (248 persons) were sampled. The study used purposive and stratified random sampling techniques to obtain the study sample. Primary data was collected using structured questionnaires and interviews. Data from questionnaires were analysed using the Statistical Package for the Social Sciences (SPSS) version 24. Descriptive statistics (frequencies, percentages, and means) were used to describe the central tendencies of the data. In addition, inferential statistics (Pearson Correlation and Multiple Regression Analysis) were also used.  Data from key informants were analysed using content analysis techniques. The findings show that the two study variables influenced the uptake of expansion strategies at KMTC campuses. In this regard, Pearson correlation shows that there was statistical significant relationship between devolution of health services (r=0.322, p<0.001) and; politics (r=0.478, p<0.001) and success of expansion strategies. These findings show that politics was the strongest factor influencing the success of expansion strategies followed by devolution of health services. As such, avoiding the negative influences of the devolution of health services and politics can enhance the success of expansion strategies at KMTC. In this regard, efforts aimed at reducing political patronage as well as interferences of devolved governments in the running of KMTC campuses would enhance the performance of new campuses.

scholarly journals Burnout experience of secondary and preparatory school teachers in West Gojjam and Awi zone in Amhara regional state

2020 ◽  
Vol 10 (2) ◽  
pp. 133-148
Author(s):  
Anteneh Wulolign ◽  
Solomon Adane ◽  
Solomon Kassie
Keyword(s):  
Survey Design ◽  
Sampling Technique ◽  
Three Dimensions ◽  
Primary Data ◽  
School Teachers ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Preparatory School ◽  
Regional State ◽  
West Gojjam

The purpose of the study was to assess Burnout experience of secondary and preparatory school teachers in West Gojjam and Awi Zones in Amhara regional state. Participants of the study were selected by simple random sampling technique. The study employed cross-sectional survey design method to answer the proposed research objectives regarding burnout experience by secondary school and preparatory school teachers. The primary data collection tool for the study was questionnaire. The level of burnout was assessed using standardized questionnaire, and these standardized questionnaires were adopted from the original English version Maslch burnout inventory Human service Survey to assess the level of burnout. The descriptive statistics on the mean scores of the three dimensions of burnout indicated that teachers were experiencing high levels of burnout in all the three dimensions of burnout. The independent samples t-test result showed that there were no statistically significant differences between the two groups (male and female) in EE and PA burnout levels (t= 1.35, df = 286, p =.176 >.05) and (t= -1.007, df = 286, p =.315 >.05).

scholarly journals Joint bank accounts and survivorship

2018 ◽  
Vol 47 (3) ◽  
pp. 162-166
Author(s):  
Keith Stanton
Keyword(s):  
Great Majority ◽  
Privy Council ◽  
The Bahamas ◽  
Bank Account ◽  
Bank Accounts ◽  
The Law ◽  
Court Of Appeal

Who is beneficially entitled to the money deposited in a joint bank account? In the great majority of cases, it is clear that the money is jointly owned and will pass on the death of one of the account holders to the survivor. However, things are not always simple and the law then has to decide as to the ownership of the money in a dispute between the surviving account holder and the estate of the deceased. The decision of the Judicial Committee of the Privy Council in Whitlock v Moree, a case on appeal from the Court of Appeal of the Bahamas is the latest decision on this topic.

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