Dr Goodluck Jonathan, the man we were told was corrupt, introduced the TSA and directed that all remittance must be made straight through the Central bank of Nigeria (CBN). One wonders why is Saint Buhari is wasting N25b a day and N6trn a year on consultancy Firm he and his APC leaders are beneficiaries. Buhari is so heartless not to appreciate the expertise and honesty of Goodluck Jonathan and Okonji Iweala who managed our economy to be the Biggest in Africa and 3rd fastest growing economy in the world. Today, Nigeria has dropped to be ranked as the 32nd fastest growing economy in the world. With the rate of reckless and squandering embarked by President Buhari and his APC colleagues in the last few months, it is confusing to comprehend why he still have the gut to tell Nigerians that he met an empty Treasury and that we are broke? Buhari have spent about N5.4trn in 5 Months in office, while Nigerian budget for 2015 is only N4.5trn. Our national debt increasing and Foreign reserve depleting. It is too early for Buhari to paying back APC members that sponsored his election and the rate they are going is dangerous for the welfare of ordinary Nigerians. It is a shame that corruption is fighting Corruption.

TSA Consultants have collected N60B so far.
This REMITTA may actually be APC's way of Remitting the yam.

If Under GEJ,
SaharaReporters: BREAKING: EXPOSED! How FG/Consultant stole N60B from TSA
PUNCH: Senate to Probe N60B TSA Consultancy Saga

Oh Boy...if this is true I will resign as NL

Stop spreading ignorance.

If remita is responsible for movement of the funds electronically.

They will collect charges. There is nothing uou can do about it.

1% of 1 trilliion calculate it

dammytosh:
Stop spreading ignorance.

If remita is responsible for movement of the funds electronically.

They will collect charges. There is nothing uou can do about it.

1% of 1 trilliion calculate it

I have seen links linking REMITA to Tinubu

REMITA = Remi Tinubu & Ahmed

But let me pretend I didn't see it in the interest of democracy

Today, we received wide spread report that the much publicized TSA has been generating N25 Billion daily for Tinubu and El-Rufai via REMITTA

progressives should ignore ths thread of pdp masturbators. If it was illegal the pdp legislators would have spoken out. Its apc that brought ths motion. The only issue is that they want and hope to reduce that 1%

saint047:
I have seen links linking REMITA to Tinubu

REMITA = Remi Tinubu & Ahmed

But let me pretend I didn't see it in the interest of democracy

Come up with any acronym.

Remita is a leading payment / collections system since Obasanjo days and it is owned by system specs.

Remita is from the word Remmitance.

New NIBSS Interbank transactions is powered by them. It is called NAPS.

Stop spreading ignorance, that is why there are strict laws for eediots like you in china.

If u like say Remita is from Rita Dominic.

Dino Melaye need to ask for forgiveness from God for misinforming Nigerians on the NGN25 billion pay out. I wonder why a serving senator would fail to authenticate information at his disposal before desecrating the floor of hallow chamber with lies. And to those who consumed his pit of hell story hookline and sinker, without establishing whether it was true or false, only to start shouting corruption! corruption!!, you guys need to ask God and Nigerians for forgiveness.

Firstly, it is a pity we have a serving senator in the name of Dino Melaye, would like to score cheap political point by misinforming Nigerians. I wonder what type of nonsense bill such type of senator will present in the house. Our senators can lie.

Secondly, TSA has been in operation for the past five years. All the banks including CBN, and few ministries such as ministry of works, housing etc has been using this platform for their collections. TSA was not the baby of the present government, it was initiated by GEJ administration.

Thirdly, When this idea was muted 5 years ago, it was agreed by the office of the accountant general, CBN and the platform provider, that for every collections, a service charge of 1% of such collection. The service charge so accrued will be shared by the three parties involved - CBN, OAGF and the platform provider. For payments, the service charge will be NGN100 for every payment made through the remita platform.

Fourthly, When the government, announced that NGN2.5 trillion public sector funds with the commercial banks had been mopped up and moved to CBN. The transfers of the funds were moved to CBN through a platform called Real Time Gross Settlement (RTGS). This is a medium used by all the commercial banks and CBN to transfer funds to and from each other. So the movement of the 2.5 trillion was not through remita platform. Furthermore, the funds transfer to CBN is not a collection or revenue, so the 1% service charge rule never applies.

Fifthly, With the new government directive that all MDAs' collections and disbursements must go through the remita platform, the 1% collection service charge earlier agreed to by the CBN, OAGF and the platform provider during the GEJ era has been suspended. It being renegotiated, as well as the NGN100 service charge on all payment that through the remita platform.

Finally, it is very important for us to always authenticate and confirm every information at our disposal before reeling them out. Dino Melaye, wants to use this news for cheap political gains, it is quite unfortunate we have their likes in the senate.

God help this nation.

dammytosh:


Come up with any acronym.

Remita is a leading payment / collections system since Obasanjo days and it is owned by system specs.

Remita is from the word Remmitance.

New NIBSS Interbank transactions is powered by them. It is called NAPS.

Stop spreading ignorance, that is why there are strict laws for eediots like you in china.

If u like say Remita is from Rita Dominic.

Can I just be broke like Nigeria?

And ...
Spend N5.8Billion only on Presidential Jet in 6 months