Mass sack looms in banks

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Deposit money banks in the country may soon face liquidity challenges in their operations, as the federal government’s Treasury Single Account (TSA) implementation take full force, Daily Trust on Sunday can reveal.
 This is even as financial experts have predicted that the implementation of the TSA may lead to mass sack in the banking sector.
 President Muhammadu Buhari gave the order for the immediate commencement of the policy early this month. The directive was backed by a circular from the Head of the Civil Service of the Federation (HoS), Barrister Danladi Kifasi, which provided the details of the account, domiciled at the Central Bank of Nigeria (CBN).
 

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