TSA Scam: Lai Mohammed makes case for FG again


Minister of Information and Culture, Alhaji Lai Mohammed.  

The Senate has said there is no going back on the Treasury Single Account (TSA) probe.

The newly appointed Minister of Information, Alhaji Lai Mohammed, in a statement, maintained that the Treasury Single Account (TSA) fraud allegations are false.

Mohammed said ”For the sake of Nigerians at home and in the Diaspora who have been following the TSA debate, we hereby restate the facts. The TSA deal was initiated by the immediate past administration but only enjoyed a new lease of life under the Administration of President Muhammadu Buhari because of his sterling leadership qualities of accountability, transparency, uprightness and respect for the rule of law.”

He added that “Even if the agreement on the charges is one per cent, it could not have amounted to 25 billion Naira because the total amount of money that has accrued to the TSA is less than 2 trillion Naira. As at the time the controversy over the TSA broke, the total amount of money in the TSA was less than 800 billion Naira.”

“The Senate’s investigation of the TSA issue is within its oversight responsibilities and is never a confirmation that the TSA funds have been diverted or that indeed one single company has made 25 billion Naira as charges.

”These are the issues and we stand by them, irrespective of a rabble-rousing and demeaning statement from any quarter,” Mohammed said.

Lai Mohammed served as the National publicity secretary of the All Progressive Congress (APC), before his appointment as a minister.

The Senate has said there is no going back on the Treasury Single Account (TSA) probe.

You will recall that Senator Dino Melaye first brought the attention of the Senate to the alleged fraud.

See Pulse Gallery below.