The Four Hundred and Fifty Million Naira approved by the Governor, Dr. Okezie Ikpeazu for commencement of the payment of salaries of Abia State Polytechnic Aba staff has been credited to the Account of the Polytechnic.
A release signed by the Commissioner for Information and Strategy, Dr. Eze Chikamnayo says the payment follows the institution’s compliance with government’s directive on opening of a Treasury Single Account, TSA.
The release recallsthat opening of a TSA inflow account with a reputable bank was the precondition for the release of the Four Hundred and Fifty million Naira which government approved to kick-start the process of offsetting all salary arrears owed to Abia Polytechnic staff.
According to the release, the benefit of a Treasury Single Account is to ensure transparency and accountability in expenditure and to minimize revenue leakages that has been a major challenge to the growth and development of the Institution.
The release further states Government’s determination to entrench a new era of transparency and efficiency in the management of Abia State Polytechnic adding that Governemnt will not relent in taking all necessary action to this effect.