Treasury Single Account: Tool for Resource Control and Fraud Mitigation

Abstract

This study is carried out to investigate the influence of Treasury Single Account (TSA), on public sector resources management in Nigeria: a study of south-south Nigeria. The study empirically explores the extent to which TSA has influenced appropriation control and cash management in the Nigerian public sector. To achieve these objectives, the survey research design was adopted using primary data with the help of a questionnaire distributed to purposely selected 300 staff of federal government MDAs in South-South Nigeria.  Two hypotheses were formulated and tested at 0.05 level of significance. Regression analysis was used for data analysis and testing of hypothesis. The outcome of the study revealed that TSA has a very strong and positive relationship with level of appropriation in public sector in Nigeria. More so, TSA has a strong and positive relationship with level of cash management in public sector in Nigeria. Fraud control positively and significantly moderates the relationship between TSA and public sector resources management in Nigeria. This research concludes that the introduction of TSA has significantly enhanced consolidation of cash resources of the government. The study however, recommended among others that TSA adoption is essential for actualization of public sector resources management, thus government should create more awareness of the benefits of TSA to employees of MDAs and the general public. Government should ensure that internal control processes are adequate to monitor and deter employees’ corrupt activities. Adequate policies and regulations that would ensure TSA is extended to all agencies of government at all levels should be enacted.