lohresloco:
only a poor minded person who owns nothing in his life talk more of a personal business will sound like this. Really, they should just take royalty because setting up the business or the valid product it offers was or should be free. Please @seun find away to take kids outta this platform. Akpamu

BCISLTD:
thanks for the clarification. ..but my question is why are the software owners entitled to part of the 1%...shouldn't they just be paid royalty and small maintanace fee?

smuth:


[size=14pt]Please manage this quote:

"A fool will remain a fool even if he talks, walks or dresses like a wise man". [/size]

BCISLTD:
thanks for the clarification. ..but my question is why are the software owners entitled to part of the 1%...shouldn't they just be paid royalty and small maintanace fee?

AdviserGeneral:


If you insist the deduction made was legal, and the contract binding between both parties (Systemspec and FG), why did they return the #8.6 Billion they deducted back to the treasury?

BCISLTD:
thanks for the clarification. ..but my question is why are the software owners entitled to part of the 1%...shouldn't they just be paid royalty and small maintanace fee?

georgeidoni:

For the sake of clarity, Remita is not just a software but a system. This also apply to Interswitch that get commission for every transaction involving ATM, POS and online payments in Nigeria. To you, these transactions might be free, but you are definitely paying indirectly through your bank. Every payment solution providers collect this same commission like when you pay for your drivers licence, international passport, WAEC, NECO and others.

obailala:
If you can be very very honest with yourself, you will realise that everything the APC supporters do is a direct response to wild accusations by supporters of the past administration, just mention it. They claimed Buhari and his friends were stealing N25billion daily, how much more silly can an accusation be?... and even with the facts laid down in black and white for all to see and be informed, the supporters of the past administration still desperately try to perpetuate the obvious falsehood to deceive the gullible ones out there. APC under such circumstances has no choice but to defend itself.

If you follow the issue logically, the APC is in power currently so they have no need to be attacking; rather it is the opposition PDP that keeps coming up with attacks while apc defends itself.

teepain:


That System Specs returned the money does not make the deduction illegal. They (System Specs) have already written to the President - I do hope you know - stating their sides of the story and requesting the President to assist in ensuring remittance according to the contractual agreement.

The Company's action of returning the money shows that they are not willing to resort to self help or to go through litigation if it can be avoided. I think they have shown good faith with regards to that but mark my words, should the Federal Government refuse to pay that 1% commission that has accrued (the #8.6 Billion) then we should expect that Systems Specs will approach the Law Courts to legally enforce their contractual rights and that may come with interest charges on delayed payments as well and then we would all know the meaning of illegality.

Cheers!

chudionu58:
Idiots! So una don remember seh na Jonathan started TSA? because breeze don blow for fowl nyash?.... Fools!!!!

georgeidoni:

For the sake of clarity, Remita is not just a software but a system. This also apply to Interswitch that get commission for every transaction involving ATM, POS and online payments in Nigeria. To you, these transactions might be free, but you are definitely paying indirectly through your bank. Every payment solution providers collect this same commission like when you pay for your drivers licence, international passport, WAEC, NECO and others.

BCISLTD:
thanks for the clarification. ..but my question is why are the software owners entitled to part of the 1%...shouldn't they just be paid royalty and maintanace fee?


Check this out

https://www.nairaland.com/2740386/shelves..beautiful

Gbawe:


Good question one would have to put to the GEJ government that signed the original deal with SystemSpecs. The TSA itself is a good idea and this is why the Buhari government decided to resurrect and use it.



Now it is clear, according to official statement of the FG through its minister of information, it is members of the GEJ government that negotiated the 1% fee. This clears up the controversy because it shows there is no wrongdoing on the path of the Buhari government who can only continue with the scheme, if it wants to derive the obvious benefit Remita provides, until it can review the terms of the contract or possibly cancel without heavy financial penalty.

It is important to note that Remita is a collection system and those usually attract a transaction fee based on the amount involved. The idea of royalty or maintenance fee would therefore not appeal to SystemSpecs (the owner of Remita) since the amount collected on behalf of clients may vary considerably.

lordofjustice:
Yes, the previous administration signed the agreement and that administration is implicated in this case but this present government that implemented the TSA without review equally has questions to answer.

GEJ tenure employed some people in DSS which was later disregarded by this same administration. There have been probes upon probes , reviews upon reviews on some actions and inactions of past administration including the current Col Dasuki arm purchase; so the question is: What stopped PMB to review this TSA as he has been probing and reviewing others before going ahead to implement. PMB administration is implicated too.

RevDesmondJuju:


Why blame Jonathan for a program that you guys initiated?

I thought you fools where celebrating the TSA as one of Buhari's fake achievements?

dragunov:
What the F***k! Are you for real? Is this supposed to pass for an intelligent remark or comment? As in can you read? Gosh!

porka:


The reverse is the case my friend.

APC is not defending, APC is passing the buck.

APC should simply cooperate with the Senate. They should carry these evidence to the Senate and explain their own side.

It is the Senate that is investigating this apparent non-appropriated deductions from Nigeria's account.

APC spent the better part of its opposition years conjuring figures, some as imaginary as it could be.

Together with its friends in some government agencies then, APC brought out outrageous figures on things like petroleum subsidy, "missing" $49.8b from NNPC etc.

The past government did not try to cover up. They set-up investigative panels. The Senate and the House of Representatives also did same. Government officials obeyed the summons. Both the accused the and the accusers met face to face. Some people were arrested and charged to court where necessary. The NNPC "missing" money is still a mystery even with Buhari as the president.

Serious governments don't pass the buck like APC is doing currently.

Running a government is a serious business; than motor park discussion where people are ask to go to elementary school as if that would make people stop asking questions.

Questions have been raised at the Senate sitting. The senators were unanimous in their desire to get to the root of the matter. APC government should cooperate with them.

Who signed the documents and every other issues should be addressed at that level.

Is smack of fraudulent cover-up tactics to attempt to smear your way out of a "fraud" like this.

Jonathan's government signed TSA, ok. Jonathan's government was not in-charge of arbitrary deductions of Nigeria money by private companies. Even if it is N1, Nigerians must ask questions.

If Buhari and his friends are not "stealing" N25B daily, who is? Why did they call for refund of N8.6B from Systemspecs. If Systemspecs' own share of the deal is 50% who gets the other share. Who are the commercial banks.

Let APC government unveil the TSA deal(s) in the interest of transparency. Remove all ambiguity.

If you can celebrate the success of your "New Muhammadu in town", you should be matured enough to acknowledge the Muhammadu's shortcomings.

teepain:


PMB could not have reviewed a contract that was signed, sealed and delivered as it was in this case. What he could have done was to wait for the expiration of time, if the contract had a tenor.

calebo101:
[b]Very very dumb president. He rushed to approve the implementation of TSA without going into details and knowing the nitty gritty of it. When allegations came up about money being fleeced, the dullard and his band quickly remembered that it was Jonathan that conceptualised the TSA and blamed the 1% deductions on Jonathan.

Same Lagos/Ibadan expressway propaganda media outlets that praised Buhari to the high heavens for initialising TSA suddenly remembered that indeed it was Jonathan.

Same way they rushed to the press to claim refineries are working, forgetting that it was projected to come on stream 2016. All for vain glory and satisfaction of hearing "sai baba" undecided. Nor be the fuel scarcity we dey suffer now? Are the refineries working as they say?

Same way he castigated subsidy saying he doesn't know what it means and now he's paying even more. Same way he derided the past government for seeking alliance with neighbouring countries and his first port of call was to same countries to seek same alliance.

When a dullard rules indeed...... Slaves rejoice [/b]

dragunov:
Sharrap! Buhari is smarter than you. Goon that pretends to be intelligent.

I have WAEC

Gbawe:


Thank you. How many times must it be repeated that the 1% fee is shared by SystemSpecs (0.5%), the commercial banks (0.4%) and our CBN (0.1%)? Why, in the first place, did Melaye , a cohort of the embattled Saraki, claim that one company is making N25 billion daily when this is entirely fictitious?

Gbawe:
I guess we can accept this as the FG official and unambiguous announcement on the TSA. It is clear no single business interest has made N25 billion per transaction as claimed by Melaye. Buhari will have to very careful with Melaye, Saraki et al because it is clear these guys are 'spoilers' eager to frustrate tha fight against corruption and the effort to enshrine transparency in the operations of government.

http://saharareporters.com/2015/11/17/president-goodluck-jonathan-regime-signed-tsa-agreement-1-fee-minister

BCISLTD:
thanks for the clarification. ..but my question is why are the software owners entitled to part of the 1%...shouldn't they just be paid royalty and maintanace fee?


Check this out

https://www.nairaland.com/2740386/shelves..beautiful

obailala:
If you can be very very honest with yourself, you will realise that everything the APC supporters do is a direct response to wild accusations by supporters of the past administration, just mention it. They claimed Buhari and his friends were stealing N25billion daily, how much more silly can an accusation be?... and even with the facts laid down in black and white for all to see and be informed, the supporters of the past administration still desperately try to perpetuate the obvious falsehood to deceive the gullible ones out there. APC under such circumstances has no choice but to defend itself.

If you follow the issue logically, the APC is in power currently so they have no need to be attacking; rather it is the opposition PDP that keeps coming up with attacks while apc defends itself.

OBAGADAFFI:


Don't mind these people, even PDP Olisa Metu is ignorantly accusing APC of Remita scam.

Gbawe:


Indeed. I personally think Buhari will have problems with this Senate because it is full of pro-corruption scoundrels led by Saraki. Why should Melaye rush to publicly declare that one single company is made N25 billion from TSA remittance when the total amount that has gone into the TSA is not enough to yeild a 1% fee of N25 billion? What is behind this sort of mischief when the Senate, even agreeing it has oversight function, should be a partner to the executive arm instead of the peddler of erroneous and false information?

smuth:
[size=14pt]I swear that Remita Software no go cost pass 5k for computer village.[/size]

Standing5:
i have problem with the logic of the bold part. The money being transfer is electronic and therefore shouldn't attract any special cost based on the amount being transferred. It is suppose to be a fee and not a commission-styled reward. If it was physical money then it can, attract a commission because of extra cost involve in moving more money accross.

Frankiss44:
Lool... So why was the APC taking the credit initially?

Dont you just love this administration?

PassingShot:

They normally don't sell such technology. It's the reason they're in business.