Tag: revenue
IGR; Federal Government Moves Against Cash Payments For All Revenue Collection, Orders MDAs To Install POS Within 45 Days
The Federal Government has banned the use of physical cash for collecting any form of government revenue, directing all Ministries, Departments, and Agencies (MDAs) to install Point of Sale (POS) machines and other approved electronic payment devices within 45 days. The directive was contained in four Treasury circulars issued by the Office of the Accountant…