The Federal Government has banned the use of physical cash for the payment of revenue, directing Ministries, Departments, and Agencies (MDAs) to install Point of Sale terminals(POS) within 45 days.

The directive is part of four Treasury circulars issued by the Office of the Accountant-General of the Federation(OAGF) Shamseldeen Ogunjimi, aimed at cutting revenue leakages and ensuring accountability and transparency in financial transactions.

In the documents, he stated that all payments to the Federal Government must now be made electronically and sent through channels approved by the Treasury.

Ogunjimi declared that going forward, all MDAs and Federal Government-owned Enterprises (FGOEs) were required to immediately sensitise their staff, parties, and the general public transacting with them on the new policy.

“It is hereby directed that collections and/or acceptance of physical cash (in naira or other currencies) for all revenues due to the Federal Government is strictly prohibited,” one of the circulars stated. “All revenue collections must be made via electronic processing.”

The AGF further stressed that accounting officers were to enforce the directive, as they will be held accountable for any breaches traceable to official transactions of their MDAS/FGOES.

In a separate circular, dated November 25, 2025, titled “Immediate Cessation of Direct Deductions on MDAs’ Dedicated Collection Systems”, addressed unauthorized deductions made through customized payment platforms. The Treasury said it had discovered that some MDAs were using front-end applications connected to Payment Solution Service Providers(PSSPs) to deduct fees and commissions before remitting funds to the TSA—an action it described as a breach that causes “significant revenue leakages.”

In yet another circular, the government also announced that, beginning January 1, 2026, it will introduce a unified electronic receipt known as the Federal Treasury e-Receipt, FTe-R, for all payments. Issued through the Revenue Optimisation, RevOP, platform, the FTe-R will serve as both the payer’s receipt and the official proof of revenue collection.

A fourth circular, dated November 27, 2025, outlined rollout guidelines for the full adoption of the RevOP platform. The government said the digital system will enhance visibility of revenue inflows, streamline billing processes and provide real-time monitoring of accounts operated by MDAs.

RevOP has now been approved as the central platform for end-to-end revenue optimisation across all federal entities.