sandraokosun1:
oga leadership is paramount. All files stop at gej desk to sign but he likes anti people move to favour cabal. Sanusi took advantage of his weakness. Pmb that inherited that contract now has sanusi as his supporter but that doesnt stop him frm offending sanusi to favour pro people policy. Pmb has right to continue it cos its a contract that was signed for years with that percent by gej for remita to do the deal and no other. But pmb doesnt do the negative

temitemi1:
With all the 'body language' people are still stealing

Firefire:



Like Alpha Beta like Sysstemspecs.

Corruption in Nigeria is endemic and systemic.

Time to revisit ABC method of defrauding Tax payers in LAG.

Finito!

Pavore9:
“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!

newnigerian:
WE NEED TO KNOW
-TSA is the initiative of GEJ/NOI as part of public finance mgt Reforms..like IPPIS, IPSAS etc
-The scheme was to entrenched transparency and accountability
-TSA ideal is to help govt reduce cost of borrowing, stop leakages,corruption, have have oversight over its cash resources,avoid losing its fund in failed Banks and Rake in more revenues
-it is to cover all govt payments and collections and all MDAs are to be involved including NNPC
-To achieve this MDAs accounts in DMBs will be moved to CBN
-the practicability ,CBN decided to key the TSA along her cashless policy (e-payment vision 2020) meaning instead of doing retail banking, they ll deploy and electronic platform to facilitate both payment form the TSA accounts in CBN, to beneficiaries, and collections also from payers direct to TSA in CBN. (the implication less leakages as monies from payers go straight to CBN, instead of account in commercials banks)
-Banks are collecting agents now, you pay through Remita in Banks and it is posted straight thru Remita in CBN, money doesnt stay in Bank one day.
-After a rigorous selection process CBN selected Remita an indigenous e-payment software offered as SaaS to facilitate the TSA
- contract was signed for 1%, Banks wanted 5% to be charged because of float, but govt agreed on 1%, MOU was duly signed and contract implemented note global standard for such service is 1%-4% govt beat it lowest 1%.
-TSA project has been in implementation since 2012, however MDAs, Banks,where not comfortable with it because it will not allow them to continue to do business as usual, steal govt money and using it for business etc.
-other e-payment providers competing with Remita also not happy they think Remita is monopoly
-The thought Buhari will throw away TSA so that it will continue to be 'business as usual' looting and wasting Nigeria resources
-to their surprise he decided to continue with the TSA initiative
-Corruption is fighting back the want to scatter the arrangement...using the ignorant Senator Melaye who will not investigate before he begins running his mouth in public
-they think remita is making so much money...from the 1%, however they dont know that the 1% is shared btw CBN, the banks and Remita sharing formula is CBN 10%, Bank 40% and Remita 40%
- The dont realize massive IT infrastructure and cost is deployed to make Remita work..will Remita a private company run TSA for govt for free?

daywalker02:

Sanusi was CBN Governor from 2009 to 2014, let say this remita was introduced in 2010, that mean Remita have be taking 1% from every Federal Government fund transfer through their platform, take an estimate of that, it will translate to Trillions that have paid to this company from 2010 -2104, and the hypocrisy called Sanusi was shouting that 20 Trillion was missing from our national treasury, when he have cost us more from shady deals. This is just one of, imagine if all the contract sign by Sanusi was probe, we will see that he have cost more than what Abacha stole.

daywalker02:

Sanusi was CBN Governor from 2009 to 2014, let say this remita was introduced in 2010, that mean Remita have be taking 1% from every Federal Government fund transfer through their platform, take an estimate of that, it will translate to Trillions that have paid to this company from 2010 -2104, and the hypocrisy called Sanusi was shouting that 20 Trillion was missing from our national treasury, when he have cost us more from shady deals. This is just one of, imagine if all the contract sign by Sanusi was probe, we will see that he have cost more than what Abacha stole.

nobeku:
Chai.. Some folks just DON'T GET IT... Remitta na software O!!!!!!!! Owned by Systemspec... The e-collecion solutions provider.. Remitta is just a solutions platform... Why naa? Why naa Nigerians.. Many are read, few are UNDERSTANDING!!!

sandraokosun1:
oga gej signed the contract with them with the percent. Dont u knw how contract work, its for a stated years, its a deal, they become ur official representative for dat time. Pmb inherited the contract, we shld be thanking him 4 asking 4 that refund, and we knw he would reduce the percent if he hasnt already. Ths remita knws they are wrong and that they dont deserve the amount, it cant go to court

newnigerian:
WE NEED TO KNOW
-TSA is the initiative of GEJ/NOI as part of public finance mgt Reforms..like IPPIS, IPSAS etc
-The scheme was to entrenched transparency and accountability
-TSA ideal is to help govt reduce cost of borrowing, stop leakages,corruption, have have oversight over its cash resources,avoid losing its fund in failed Banks and Rake in more revenues
-it is to cover all govt payments and collections and all MDAs are to be involved including NNPC
-To achieve this MDAs accounts in DMBs will be moved to CBN
-the practicability ,CBN decided to key the TSA along her cashless policy (e-payment vision 2020) meaning instead of doing retail banking, they ll deploy and electronic platform to facilitate both payment form the TSA accounts in CBN, to beneficiaries, and collections also from payers direct to TSA in CBN. (the implication less leakages as monies from payers go straight to CBN, instead of account in commercials banks)
-Banks are collecting agents now, you pay through Remita in Banks and it is posted straight thru Remita in CBN, money doesnt stay in Bank one day.
-After a rigorous selection process CBN selected Remita an indigenous e-payment software offered as SaaS to facilitate the TSA
- contract was signed for 1%, Banks wanted 5% to be charged because of float, but govt agreed on 1%, MOU was duly signed and contract implemented note global standard for such service is 1%-4% govt beat it lowest 1%.
-TSA project has been in implementation since 2012, however MDAs, Banks,where not comfortable with it because it will not allow them to continue to do business as usual, steal govt money and using it for business etc.
-other e-payment providers competing with Remita also not happy they think Remita is monopoly
-The thought Buhari will throw away TSA so that it will continue to be 'business as usual' looting and wasting Nigeria resources
-to their surprise he decided to continue with the TSA initiative
-Corruption is fighting back the want to scatter the arrangement...using the ignorant Senator Melaye who will not investigate before he begins running his mouth in public
-they think remita is making so much money...from the 1%, however they dont know that the 1% is shared btw CBN, the banks and Remita sharing formula is CBN 10%, Bank 40% and Remita 40%
- The dont realize massive IT infrastructure and cost is deployed to make Remita work..will Remita a private company run TSA for govt for free?

Sall:
And that's change we canvas for clearly stated. Nigeria will be great again.

nobeku:
TSA was NEVER fully implemented during GEJ.. It just ran as a pilot scheme.. So all this your money permutations no follow... NEXT?

daywalker02:

Good One! this APC hypocrite are busy casting all there blames on Jonathan even wen it is obvious the ex-president have done a perfect job in this said TSA deal.
I thot ithe much celebrated TSA was initiative of PMB, someone should should tell me what value buhari have added to this country in the past six months, the much celebrated refineries are down, power supply is down, NSE is going south, is naira now equal to a dollar?
all i hear every day Jonathan have stolen all the funds, what about the IGR and revenue we have generated in the past six months.

daywalker02:

Good One! this APC hypocrite are busy casting all there blames on Jonathan even wen it is obvious the ex-president have done a perfect job in this said TSA deal.
I thot ithe much celebrated TSA was initiative of PMB, someone should should tell me what value buhari have added to this country in the past six months, the much celebrated refineries are down, power supply is down, NSE is going south, is naira now equal to a dollar?
all i hear every day Jonathan have stolen all the funds, what about the IGR and revenue we have generated in the past six months.

ibisko04:
Good to know. Let us be patient for some time. Now that we have ministers, our nation will definitely make a big leap under the leadership of president Buhari.
We know that majority of our big business are rent collectors without much productive activities.
Like I said before, we are in corrections mode.
We will soon see the goodness of Nigeria.

daywalker02:

i want to cut a big tree, i bought all the necessary equipment like tractor, clear the weed/grasses on the part to the tree, hire the necessary hands, mobilize my equipment and personnel to the base of the tree. but an emergency situation occur that need my attention. i left the location. Nobeku came and place the tractor to the tree and brought it down.. who does the biggest work?? u or me.. relate this to TSA

daywalker02:

i want to cut a big tree, i bought all the necessary equipment like tractor, clear the weed/grasses on the part to the tree, hire the necessary hands, mobilize my equipment and personnel to the base of the tree. but an emergency situation occur that need my attention. i left the location. Nobeku came and place the tractor to the tree and brought it down.. who does the biggest work?? u or me.. relate this to TSA

daywalker02:

i want to cut a big tree, i bought all the necessary equipment like tractor, clear the weed/grasses on the part to the tree, hire the necessary hands, mobilize my equipment and personnel to the base of the tree. but an emergency situation occur that need my attention. i left the location. Nobeku came and place the tractor to the tree and brought it down.. who does the biggest work?? u or me.. relate this to TSA

sandraokosun1:
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.

IbokUtoroh:















this news has vindicated gej and has justify the sacking of sanusi lamido.
can u imagine what this thief programmed so he can still be ripping nigeria from his palace.... he shud be probe too cos dis could be a tip of his numerous atrocities.
so tsa actually started during d clueless one regime?
hmm thank God for dino melaye!

modath:


oro ilu yi ti su mi!!!

ole ati wonbia ti wo wa lewu especially in govt offices!!! greedy mof0s!

temitemi1:
With all the 'body language' people are still stealing

daywalker02:

Sanusi was CBN Governor from 2009 to 2014, let say this remita was introduced in 2010, that mean Remita have be taking 1% from every Federal Government fund transfer through their platform, take an estimate of that, it will translate to Trillions that have paid to this company from 2010 -2104, and the hypocrisy called Sanusi was shouting that 20 Trillion was missing from our national treasury, when he have cost us more from shady deals. This is just one of, imagine if all the contract sign by Sanusi was probe, we will see that he have cost more than what Abacha stole.

calaway:


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.

kahal29:
[b]• How Sanusi, Lemo appointed...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...was approved by the former CBN Governor 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” [b]

“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/

redcliff:


I dont get you? Are you expecting cash to be recovered all the time so that it can be used as a trust fund? Do you realize this is stolen money meant for the govt? If you expect there be a trust fund that means you are saying that people should steal more so that more funds can be recovered. In a system where the stealing stops, what happens to the so called welfare system you are talking of? Please reason before you type nxt time. Thanks

clintwine:


Stop twisting it. Sanusi was sacked because he blew the whistle on what the government was doing.
before you guys start throwing stones, apply common sense.
When you buy things online, do you think that the payment gateway/ processors allow the transaction without a fee
the last i checked the processors are charging upwards of 2% for each transaction, that is how they make their money
remita is a software that does something like that.

During GEJ, getting money into the TSA would be likened to sending out a bailiff to retrieve money. The reason this money is now huge is because we have a president that declares it and everyone starts remitting because they know that there would be consequences. When the contract for remitta was given, those guys didn't envision this ever happening because of the level of corruption and lawlessness.

So now CBN has to go back to the drawing board and revise the contract as we now have a working government