President Muhammadu Buhari on Tuesday in Abuja approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account (TSA).
The president also granted the request of the Board of MOFI to charge management and transaction fees; and the inclusion of the Minister of Power in the Governing Council.
The president, who conveyed the approval at the 1st Governing Council meeting of MOFI, recalled that the new MOFI was launched on 1 February 2023 to transform it from a registry of investment records to a World-Class Asset and Investment Management Company.
