| Re: Treasury Single Account Is A Fraud, Says Fayose by gigabyte13: 1:26pm On Nov 16, 2015 |
TSA is a fraud? I thought the pdpits and their e-wailers said Baba go-slow should not claim credit for it, that it was GEJ's initiation? Does it mean that the fraud started under GEJ?
Pdpits and their brainlessness. No future ambition(NFAs). They really lack intelligent personnel both online and offline. |
| Re: Treasury Single Account Is A Fraud, Says Fayose by OnReflection: 3:25pm On Nov 16, 2015 |
centvin008:
Governor Ayodele Fayose of Ekiti state on Sunday declared he was not attending the meeting called by the Federal Government with state governors on the Treasury Single Account, TSA.
Fayose said his decision stems from his belief that the Ekiti state government was not interested in the TSA policy introduced by President Muhammadu Buhari, which, according to him, is a fraud against Nigeria and its people.
The governor said this in a press statement issued by his Special Assistant on Public Communications and New Media, Lere Olayinka.
Fayose asked the Federal Government to rather remove the veil on the face of REMITA, the alleged firm handling the TSA contract, “so that Nigerians can know the real owners, through whom the All Progressives Congress (APC) is siphoning Nigeria money to fund Kogi and Bayelsa states governorship election.” Why couldn't garrulous Fayose simply look up this information himself? Remita boss, Obaro writes Buhari, explains all about TSA contract
The company that handled the refund of Federal Government funds in commercial banks to the Central Bank of Nigeria, System Specs, said it was not the only one that benefited from the revenue that accrued from the exercise.
Systems Specs said the CBN and the banks from which the funds were moved also shared in the proceeds.
System Specs owns Remita, the e-payment and e-collection software used for the implementation of payments into the Treasury Single Account.
TSA, the movement of Federal Government funds into the CBN was directed by President Muhammadu Buhari on assumption of office.
System Specs, in a letter to the President, signed by its Managing Director, John Obaro, said the contract for the refund of the money by the commercial banks to the CBN was signed in 2011.
Former President, Dr. Goodluck Jonathan, endorsed the contract while the Emir of Kano, Sanusi Lamido Sanusi was then the Governor of the CBN.
System Specs, in the letter to Buhari, said the N25 billion profit it was alleged to have made from the 1 per cent processing fee approved for it was actually shared by the company, the CBN and banks involved in the refund of the money.
It said based on an agreement, the processing fee was shared among itself, the affected banks and the CBN in ratios of .5 %, .4% and .1% respectively.
It said instead of the N8 billion, which the incumbent Governor of the CBN, Godwin Emiefile, said got to it, the company only received N3 billion.
The letter by Obaro to Buhari reads further: “Your Excellency, we are aware that you must have heard series of reports around the 1% processing fees chargeable on e-Collections of Government receipts. We will like to provide some background on these issues sir.
“System Specs was engaged to provide the Payment Gateway for TSA in 2011. While the payment leg of TSA commenced in January 2012, the collection component did not start as scheduled due to the resistance from a number of quarters and the absence of the political will to push this through.
“In 2013, CBN and OAGF setup a multi-stakeholder implementation committee and organised a joint seminar with key stakeholders, including banks, to agree formalities for commencement of e-collection.
“The Banks proposed a fee of 5% to compensate for the fact that they would no longer keep float.
“The implementation committee however recommended 2.5% after negotiation with the banks.
“The then AGF later approved 1% as processing fee, which was in turn communicated to all the stakeholders through CBN in December 2013. Subsequently, we executed a contract with CBN and other stakeholders involved on the provision of services to support TSA.
“Based on the increased scope of the TSA project, following your directive in August 2015 for all MDAs to join the scheme, we had highlighted the need for a stakeholder meeting to discuss the TSA e-collection fees. This was communicated to both CBN and OAGF.
“Instead of an invitation for a stakeholders meeting as requested, we received a directive from the CBN Governor to refund all TSA e-collection fees earned to date and to suspend all charges on the platform.
“System Specs has since complied fully with this directive and refunded all monies earned to date to CBN. This we did in good faith and without prejudice to avoid distractions that could becloud the bigger potential of the TSA project for our country.
“While we await clarification from OAGF/CBN on the way forward, we have since suspended all TSA e collection fees on the platform. This means that none of the TSA collection parties/channels are earning any fees for providing services to Government.
“This position is however not sustainable as the collection partner banks are threatening to suspend FGN TSA collections. This would clearly be playing into the hands of those who do not wish this initiative to succeed.
“We understand the strategic importance of the TSA project to this administration and the country at large. We have demonstrated good faith and continued commitment to the project in the last four years to deliver on our mandate.
“We will continue to do all within our power to bring the project to full term.
“Your Excellency, we would appreciate your kind and urgent intervention to ensure a speedy resolution of this matter before the banks stop collections.” Source: http://dailypost.ng/2015/11/16/remita-boss-obaro-writes-buhari-explains-all-about-tsa-contract/ 
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| Re: Treasury Single Account Is A Fraud, Says Fayose by Pavarottii(m): 4:57pm On Nov 16, 2015 |
femtoj2:
Please can somebody who is an apostle of NEW NIGERIA be kind enough to explain in a simple but clear term what everyone on this thread are actaully saying.
Are you guys saying GEJ administrative style is much better and that of PMB?
Do people think we should have voted GEJ for another 4year term?
Are people saying it was a wrong decision to have voted for PMB? (Considering the state of our nation presently) would they have been able to manage it?
What exactly do we people actually want? With all manner of comments above so far? I doubt the credentials of people that make comments on National Issues.
Please forget political position, a large number of our so called political office holder are not even as well read as some of you guys. Yet same people will talk and the next thing u people would start responding without thinking.
SAY WHAT YOU WANT AND GIVE REASEONS.........
Wat is the state of Nigeria now after 6months and what it was wen they took over? Which state is better? |
| Re: Treasury Single Account Is A Fraud, Says Fayose by Pavarottii(m): 5:02pm On Nov 16, 2015 |
Nellybii:
Just listen to yourself. He is so corrupt hmmm.
You mentioned him as PTF chair and you are so dumb you forgot he was minister of petroleum and he was head of state. He RULED Nigeria for 20months. Emphasis on that word "Ruled" because it wasn't a democracy.
He had no NASS to check him. He was alpha and omega. Yet he was in charge of oil wells but he never gave himself one. In as much as he is not God, he has earned himself a reputation that is impossible to overlook. Nigeria is in trouble. The only people who pretend not to realize this fact are the ones that put us in this situation. We need someone like PMB to get us out of this mess. We can't continue like this. Did GEJ give himself any oil well? Wat did he achieve those periods he was head of state? Since wen they announced buhari the president April 2015 till now and what it was b4 that time! Please which period is better wen compared? |
| Re: Treasury Single Account Is A Fraud, Says Fayose by awesome11(m): 5:11pm On Nov 16, 2015 |
Chubhie:
I agree with you. But then, if PDP were to learn the APC brand of opposition this country would be on fire by now. APC set bad examples on what an opposition is. I wonder why we accept abnormalities as norm in Nigerian.
The only advantage APC had was that they only had to help the masses form and nurture their opinion of change! "APC setting bad examples on what an opposition is". I think they only went about it the Nigerian way, they were always destructively criticizing GEJ's policy of which they've already implemented some. They did it the only way the masses could see a reason of CHANGE! Fayose is doing same now.. Let's watch and see... I hope PMB wouldn't betray the trust he's garnered from the masses! 1 Like |
| Re: Treasury Single Account Is A Fraud, Says Fayose by Chubhie: 8:55pm On Nov 16, 2015 |
awesome11:
The only advantage APC had was that they only had to help the masses form and nurture their opinion of change!
"APC setting bad examples on what an opposition is". I think they only went about it the Nigerian way, they were always destructively criticizing GEJ's policy of which they've already implemented some. They did it the only way the masses could see a reason of CHANGE!
Fayose is doing same now..
Let's watch and see... I hope PMB wouldn't betray the trust he's garnered from the masses!
We are watching PMB and would hold him accountable to all campaign promises. The least acceptable standard should be 70%. |
