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The Edo State Government has commenced the operation of a Single Treasury Account following the signing of the Edo State Revenue Consolidation Account (Establishment and Operation) Law, 2026, by Governor Monday Okpebholo.
The new law provides for the establishment of a revenue consolidation account and empowers the Edo State Internal Revenue Service (EIRS) to coordinate the enforcement of the state’s revenue laws.
It also authorises the EIRS to engage revenue agents and consultants for the efficient collection of government revenue.
In a statement, the Secretary to the Edo State Government, Musa Ikhilor, directed all ministries, departments, agencies and parastatals of the state government to close their revenue bank accounts within 14 days.
They are also required to disclose all revenue accounts to the Ministry of Finance and transfer all balances standing to their credit into the approved Internally Generated Revenue (IGR) Account.
Ikhilor directed the MDAs to submit hard and soft copies of their revenue statements of account and supporting revenue records from January 1, 2025, to the date the law commenced, for a comprehensive revenue audit.
He further directed the MDAs to cease the use of mobile courts for the enforcement of revenue-related offences without prior approval from the Executive Chairman of the EIRS, in collaboration with the Edo State Judiciary. (The Nation)
