INTRODUCTION TO E-COLLECTION SYSTEM FOR PAYMENTS TO FEDERAL GOVERNMENT ESTABLISHMENT
In a continued bid to deepen the implementation of Treasury Single Account (TSA), the Federal Government of Nigeria has introduced e-Collection Scheme to support the prompt collection of, and accounting for all Federal Government receipts.
Under this scheme, all revenues and other monies payable to Federal Government owned public sector entities including Ministries, Departments, Agencies, Parastatals and Institutions will be made through Deposit Money Banks (DMBs) and electronic channels using the CBN Payment Gateway for direct credit into the FGN account or designated MDA account at the Central Bank of Nigeria (CBN).
Please note that the relevant collection accounts have already been configured on the e-Collection system for this purpose.
Consequently, all Federal Government Ministries, Departments and Agencies, Parastatals and Institutions have been directed to close existing revenue, project, revolving fund, development fund and other collection accounts in DMBs on or before 31st March, 2015 and promptly transfer all available balances to the Central Bank of Nigeria (CBN). Evidence of transfer of balances and closure of the accounts is to be forwarded to the Accountant-General of the Federation, not later than Monday, 13thApril, 2015
All Ministries, Departments and Agencies, Parastatals and Institutions are required to complete the registration
user enrolment and revenue forms to have direct access to the CBN Payment Gateway for the management of their accounts at CBN
Completed forms are to be forwarded to the Settlement Centre in the Office of the Accountant-General of the Federation