The Federal Government has banned the use of physical cash for all revenue payments and directed Ministries, Departments, and Agencies (MDAs) to deploy Point of Sale (POS) terminals within 45 days.
This is part of four new Treasury circulars issued by the Office of the Accountant-General of the Federation (OAGF), led by Shamseldeen Ogunjimi. According to the documents, all payments to the Federal Government must now be made electronically through channels approved by the Treasury.
The first circular expressed concern over continued cash collection at MDA revenue points despite existing e-payment rules, noting that it undermines the integrity of the Treasury Single Account (TSA). MDAs must now display notices such as “NO PHYSICAL CASH RECEIPT” and “NO CASH PAYMENT”. Any office still collecting cash must install POS machines within 45 days, with accounting officers held responsible for violations.
The second circular bans MDAs from deducting charges or commissions via customised payment portals, a practice said to cause major revenue leakages. All revenue must now be remitted in full to TSA/Sub-TSA accounts, while service fees will be settled separately by the Treasury. All portals and Payment Solution Service Providers (PSSPs) must be regularised with the OAGF by December 31, 2025, or risk losing access to GIFMIS and TSA platforms.
A third circular mandates the adoption of the Federal Treasury e-Receipt (FTe-R) beginning January 1, 2026. The e-receipt, issued through the Revenue Optimisation Platform (RevOP), becomes the only valid proof of federal revenue transactions.
The fourth circular introduces RevOP, a comprehensive digital platform for real-time monitoring, billing automation, reconciliation, and complete visibility of federal revenue. MDAs must nominate three officers as RevOP focal personnel within seven days and integrate their existing systems with the platform. Only PSSPs licensed by the CBN, recommended by NITDA, and approved by the OAGF will be allowed to operate.
MDAs are also required to submit details of all local and foreign currency accounts within 60 days. These reforms mark the most sweeping transformation of federal revenue administration since the introduction of the TSA a decade ago.
