Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs - Politics - Nairaland
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TSA Transfers: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs / Govs Ask Buhari To Share $1.6bn From NLNG Tax (2) (3) (4)
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| Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by kahal29: 4:59am On Nov 13, 2015 |
• How Sanusi, Lemo appointed firm to implement e- Collection solution The Central Bank of Nigeria has recovered N8.6 billion deducted by a Lagos-based software firm, SystemSpecs, which provided the e-Payment/e-Collection solution used for the transfer of government funds from commercial banks to the treasury single account (TSA) domiciled with it, THISDAY investigations have revealed. The central bank, according to sources in the CBN, directed the company which owns the Remita software platform used for the funds transfer, when it was discovered that SystemSpecs had deducted as much as N8.6 billion for the remittance of government funds from banks to the TSA in the last few weeks. Throwing more light on the e-Payment/e-Collection Remita software, which the Senate on Wednesday resolved to probe, CBN sources said the implementation of the modular solution was approved by the former CBN Governor who is currently the Emir of Kano, Alhaji Muhammad Sanusi II, and former CBN Deputy Governor, Operations, Mr. Tunde Lemo, in 2011 to facilitate the transfer of government revenue to the TSA. On Wednesday, the Senate had ordered its joint Committee on Finance, Banking and Other Financial Institutions and Public Accounts to probe the allegation that the e-Collection agent, Remita, had been paid 25 billion, being the 1 per cent commission it charged for the transfer of N2.5 trillion of federal government funds to the TSA. The motion, which was moved by Senator Dino Melaye and adopted by the Senate, held that the N25 billion payment was in gross violation of Section 162(1) of the 1999 Constitution which states that “the federation shall maintain a special account to be called the federation account into which all revenues collected by the government of the federation except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the ministry or department of government charged with foreign affairs and the residents of the FCT, Abuja”. However, investigations by THISDAY showed that Remita was not an agent or company, but the software platform used for the transfers, while SystemSpecs, whose Managing Director is Mr. John Obaro, is the owner of e-Payment/e-Collection solution. The company’s website further revealed that the chairman of SystemSpecs is the former Director General of the Nigerian Broadcasting Commission, Dr. Christopher Kolade. Other directors of the company include a former Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Mr. Ernest Ndukwe, Mr. Emmanuel Ocholi, Mr. ‘Deremi Atanda and Dr. Emmanuel Eze. Remita, which has been adopted by the CBN as the e-Payment and e-Collection platform of the federal government, is currently used by all 22 commercial banks and over 400 microfinance banks nationwide. CBN sources informed THISDAY that contrary to the assertion of the Senate that N25 billion had been paid to SystemSpecs, it was N8.6 billion that was deducted by the company for the transfer of N1.5 trillion since the enforcement of the TSA by the current administration in the last few weeks. “Remita is an e-Payment/e-Collection software that has been in place since 2011, because the TSA transfers started under the Goodluck Jonathan administration. “It was Tunde Lemo’s baby and approved by former Governor Sanusi for the transfer of funds to the TSA. “But when it was discovered that SystemSpecs had deducted about N8.6 billion for the recent TSA transfers of N1.5 trillion, we immediately asked them to reverse the deduction, which they complied with. “The issue was brought to the attention of the president (Muhammadu Buhari) and he asked that the money be returned immediately which is what has happened. “Going forward, it is our intention to review the contract on the software, because the CBN has its own software for e-Payments and e-Collections,” a CBN official, who did not want to be named, said. http://www.thisdaylive.com/articles/tsa-transfers-central-bank-recovers-n8-6bn-from-owner-of-remita-systemspecs/225480/ 4 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by kahal29: 5:00am On Nov 13, 2015 |
Thank God for this revelation. http://newtelegraphonline.com/cbn-denies-n25bn-fraud-in-tsa-implementation/ The Central Bank of Nigeria (CBN) has defended the implementation of the Treasury Single Account (TSA) and dismissed allegations that Nigeria lost N25 billion to its implementation. Its clarification came against the backdrop of Wednesday’s decision by the Senate that the CBN and the Federal Ministry of Finance should suspend the implementation of TSA to enable it probe the allegation of N25 billion fraud allegedly as-sociated with the firm, Systemspecs, owner of Remita software, handling the implementation. CBN’s Director of Corporate Communications, Mallam Ibrahim Mu’azu, in an interview with New Telegraph, expressed shock that the exercise, which was transparently conducted, could be tagged as fraud. “All the allegations are not true and there is no fraud in any form associated with the TSA implementation,” Mu’azu said yesterday in a telephone interview. For more on systemspecs; See http://www.systemspecs.com.ng/about-us/people/ 7 Likes 2 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by ademikefaith(m): 5:03am On Nov 13, 2015 |
This one pass body odour o,I don't think all ds recovery tin happen during dat hat man tenure 42 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Akposkool(m): 5:06am On Nov 13, 2015 |
We just dey recover like someone with STDS. God save this nation from looters 25 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Sall(m): 5:07am On Nov 13, 2015 |
And that's change we canvas for clearly stated. Nigeria will be great again. 36 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by funlord(m): 5:09am On Nov 13, 2015 |
 How have all these billions saved been translated into a form of welfare for the common folks? All we keep hearing is cash saved, cash recovered? Or is the cash meant to only to be looked at? 57 Likes 4 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by temitemi1(m): 5:14am On Nov 13, 2015 |
With all the 'body language' people are still stealing  15 Likes 2 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by modath(f): 5:21am On Nov 13, 2015 |
kahal29: Block one leakage, Nigerians will puncture another hole to siphon, it's a pathological thing... 67 Likes 3 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by adioolayi(m): 5:28am On Nov 13, 2015 |
The main thing I'm interested in...The stolen, unremitted, software taken or what have you money...Has Been Returned! God bless Nigeria! 5 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Pavore9: 5:37am On Nov 13, 2015 |
“But when it was discovered that SystemSpecs had deducted about N8.6 billion for the recent TSA transfers of N1.5 trillion, we immediately asked them to reverse the deduction, which they complied with........“Going forward, it is our intention to review the contract on the software, because the CBN has its own software for e-Payments and e-Collections,” a CBN official, who did not want to be named, said' CBN has its own software but still chose to outsource, so money would flow into some private pockets....smh!  18 Likes 2 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by ziccoit: 5:39am On Nov 13, 2015 |
You kahal29: Why must Sanusi contract out what CBN could have handled? He has some explanations to make here. 25 Likes 2 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by palladin: 5:42am On Nov 13, 2015 |
This issue needs to be probed further. To me it is not enough that the money was returned, some punishment should me meted out fire taking it in the first place. I know some wailers are around the corner but let me remind them that it wouldn't have been returned in the days of the clueless one. 23 Likes 2 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by veraponpo(m): 5:42am On Nov 13, 2015 |
Good news. I trust Buhari. 3 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by kennyman2000(m): 5:44am On Nov 13, 2015 |
Hmmmmm... 1 Like |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by kahal29: 5:45am On Nov 13, 2015 |
ziccoit: Seconded 5 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by kahal29: 5:50am On Nov 13, 2015 |
palladin: Yes Ooooooooooooooooooooooooooooooooo. Didn't you read this part : {“Remita is an e-Payment/e-Collection software that has been in place since 2011, because the TSA transfers started under the Goodluck Jonathan administration.} Meaning the company have been ripping us offf since 2011. Only God knows how much they have made so far from us. 9 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by omenka(m): 5:57am On Nov 13, 2015 |
“The issue was brought to theThis is why I believe in this man so much. His subjects carry out his official orders to a T! Gone are the days of impunity. Gone are the days when a president asks a Minister to return money collected from unemployed/undermployed youths for a botched recruitment exercise which resulted in the deaths of many of them, and the said minister ignores the order as though it was some permanent secretary that gave it. Sai Baba. 54 Likes 5 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Chubhie: 6:09am On Nov 13, 2015 |
Now we know the backers of remita. Its gonna be a very long four years for PMB. It is our prayers that evil men don't succeed in taking him out as he restores sanity to the system. 24 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by free2ryhme: 6:13am On Nov 13, 2015 |
Nigerians have fraud imprinted in their DNA, chai 5 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by chronique(m): 6:16am On Nov 13, 2015 |
Isn't it too early in the day for claims of corruption in the Buhari government to be heard? Just thinking aloud though... 2 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by warrior01: 6:26am On Nov 13, 2015 |
The same people casting aspersions on Sysstemspecs are the ones hailing Alpha beta owned by Tinubu for doing same thing in Lagos. You guys hypocrisy stinks 8 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by sandraokosun1: 6:32am On Nov 13, 2015 |
WAILERS THE SUMMARY IS Tsa was introduced under gej as u claimed with remita put in place to do the transfer but never implemented. Pmb came and saw tsa was needed he implemented it and wasnt aware of such high deduction agreed by gej in its deal with remita. Immediately he got the feedback of this sabotage he has ordered them to return the money. And be rest assured their percent would be re negotiated. I was shocked when i heard ths remita at first, i never knew it was the YAM AND GOAT HANG OVER POLICY. Dont ever conclude without knowing details. If it was in gej era it would have been sheilded like odua dieazani frm everything obvious, the cöntract deal was signed with gej including the percent. I see no reason why a sensible human beign would sign such with anybody whether it was with apc tinubu,fashola,fayemi as owners. The truth is the truth, and to thnk gej signed it for his opposition showed it was the fear of the election that made him do many insane and silly things like ths and sharing of dollars. He signed a contract with them for years. El rufai or sanusi only TOOK ADVANTAGE OF HIS REGULAR STUPIDITY AND CLUELESNESS. 47 Likes 6 Shares |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by calaway: 6:33am On Nov 13, 2015 |
veraponpo:you are in for a longggggg thang!!! 1 Like |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by calaway: 6:35am On Nov 13, 2015 |
omenka: PDP exposed this attempt to defraud nigeria. As alarm blow, what do you expect him to say since he has to cover tracks? if he meant business he would have ordered the arrest and prosecution of the culprits. 7 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by sandraokosun1: 6:43am On Nov 13, 2015 |
calaway:dino melaye raised the motion, he is apc, in other news the man that looks like obama and reasons like obanikoro was busy tweeting to the masses and fans like the kardashan he is 27 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by sandraokosun1: 6:45am On Nov 13, 2015 |
calaway:so that u call him dictator, its not necessary, we just few wks in, the money returned, and percent re negotiated. Later u guys cry witch hunt, cos we have so many pdp and igbo people as director of the remita 13 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Nobody: 6:46am On Nov 13, 2015 |
So PDP can go and - Who was the President that supervised the implementation of TSA in Nigeria? Answer: Jonathan sef 4 Likes 1 Share |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by disloman(m): 6:47am On Nov 13, 2015 |
Hmm |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by vhykeeytor(m): 7:03am On Nov 13, 2015 |
Hmmmm....how on earth will a single company retain 8•6billion naira as commission. 1 Like |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Firefire(m): 7:04am On Nov 13, 2015 |
modath: painfully 3 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by 9jaboi8701(m): 7:08am On Nov 13, 2015 |
Pavore9: You dey mind them. Sanusi has some questions to answer. I keep saying this "No politician is a Saint" even all those pastors in politics, especially CAN. 3 Likes |
| Re: Central Bank Recovers N8.6bn From Owner Of Remita, Systemspecs by Firefire(m): 7:10am On Nov 13, 2015 |
warrior01: Like Alpha Beta like Sysstemspecs. Corruption in Nigeria is endemic and systemic. Time to revisit ABC method of defrauding Tax payers in LAG. Finito! 7 Likes |
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