EFFECT OF TREASURY SINGLE ACCOUNT ON PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Abstract

Government of Nigeria introduced Treasury Single Account (TSA) to ensure accountability of government revenue, enhance transparency, avoid misapplication of public funds and checkmate the activities of deposit money banks to ensure that their return on asset, return on equity and return on investment are through their innovation and business ideas. The study examined the effect of the treasury single account on the performance of deposit money banks in Nigeria. The study used the ex-post facto research design. The population of this study is 20 deposit money banks in Nigeria as quoted by the Nigerian stock exchange as of 2017. The sample size is the 20 deposit money bank in Nigeria. The study used statistical tools of correlation and regression with the statistical software package of e-view 9.00. The study found that there is a significant effect of the treasury single account on the performance of deposit money banks in Nigeria. This implies that treasury single account affected positively performance of deposit money banks in Nigeria in terms of return on asset. The study, therefore, recommended that Deposit Money Banks in Nigeria should continue to adopt the Federal Government of Nigeria policy of single treasury account to help the Federal Government discover financial mismanagement and money laundering in Nigeria. They should continue to use this policy to discover new ways of generating high performance in the sector.