President Muhammadu Buhari has approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account.

Buhari 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.

MOFI was launched on the 1st of February, 2023 to transform it from a registry of investment records to a world-class asset and investment management company.