senatorbayor:



To shock you , I don't qualify for the 5K.

if I am qualified, why wont I give back to the society that made me with their 5K

Am well convinced you will do when you get yours

rusher14:


I'm tired of all this ethnic play.

Even if, and I'm not saying it's so, must you echo what you believe is their thoughts?

Aren't you guys tired?

Business and profit doesn't follow ethnicity but the money path.

For the lure of lucre brothers kill brothers and mothers have sold their own children into slavery.

My opinion about the business is that, it probably wasn't even illegal but one might say the structure may not have been in the best interest of the nation and it did not encourage competition.

edogirl2:
The company is owned by John Obaro and Ernest Ndokwe, two Igbo men, and the only reason this corrupt arrangement is in place is because the then Minister of Finance, was Igbo. Central Bank Governor, Igbo. Then Secretary to the Federal Government, Igbo. Then add the utterly confused and ignorant President.


But Igbos would want us to believe that Yorubas and Hausas are solely responsible for ruining this country! How can you put 1% of the entire evenue of a country to a single company, and the remaining 170 million people get to share 99%. For what? This is a company that simply provides a one-off so
ftware, that you can buy for less than $100,000 (N20 million) and can be maintained by less than 30 people. Yet, they are carting away with N50 Billion naira.

It is part of the Jonathan legacy of corruption. Just imagine that Jonathan won, this nonsense of contract will have continued for years to come.


John Obaro is a Yoruba man not an Igbo man......

I confirm that Chief Kolade is Chairman and not a shareholder in this company. Companies who seek government contracst often put 'highly respected' members of the company as paid Chairman of their company. The That is why ex President Gowon is Chairman of several companies but he is not the owner of these companies. They just use these men/women as the public face of the companies. Other than Mr Obara and Ndokwe, the other directors listed by the Op are all employees of the company, not shareholders.

razid:
What exactly is the problem with this commission on TSA? We are talking of a system that is taking in a liability of 2.5trillion naira and all that we are after is just 25billion naira. I don't blame Nigerians, it's those pirates at the Computer Village Ikeja that I blame. They made it impossible for us to buy genuine softwares. That is why it is increasingly difficult to have a fully Nigeria made software that will be of global standard. What is their crime in charging 1% for crying out loud? Can't we look at it from the other angle that if anything happens to the 2.5trillion these guys would have been indebted to that tune? So how much is 25billion compare to 2.5trillion.

There should be a limit to the way we play politics sometimes.

theV0ice:
Kahal29, are you sure??

I thought PMB(as Presidential candidate of CPC) awarded them the contract in 2011 because TINUBU owns the company??

I don't believe you jooor....

ishiamu:



You an asshole who got no shame

barcaboi:
what have they done wrong? All they asked for was constructive opposition and no I don't support the tribal ish but common not insults

henryhemon:


Who sounds like an asshole you or her? She is an sshole cuz she doesn't support your tribal sentiments,you my brothers and sisters, hatred kills,you never get anything good done with it. Buhari is a good president compared to that clown called gej but hate won't allow you guys see it.

theV0ice:


welcome my friend

There's nothing corrupt about SYSTEMSPECS getting paid for developing REMITA to assist CBN in achieving transparency through TSA.

The joke is on the guys claiming 'fraud' and putting it on PMB. It was signed under Sanusi amd GEJ and the owners are from your tribe and my tribe so agabaI23 and theV0ice have cases to answer

I know how much my former bank paid INFOSYS of India to get us on FINACLE and i know how much my current company is paying for using the SAP software.

If the senate doesn't want CBN to pay that sum, then CBN should put it's in-house IT gurus to task to develop their own


How you dey my brother?

tiwiex:


Oga. Considering the amount involved. 1% is pretty ridiculous. It's a bloody software and it really sends digital money. Remita was not designed for the purpose of TSA. It just happened. All that happened was record updates from banks to CBN. I doubt if any physical cash was involved. Even if CBN calls in a consultant to build a software solely for this, would it even cost 1b naira. Outsourcing and privatization has created another window for fraud. Work that can be done in house is now made to look like rocket science. How much is a states monthly allocation? And 1 company claims to make some states 2 year allocation in one swoop moving government money. No wonder we don't have jobs. There is more to this story. Buharis hands cannot be clean. If they are, then we are in more trouble than I thought. He is totally incompetent. Maybe remita should be responsible for this 5k to the unemployed because a serious government would consider those before allowing one company work away with this much money. I don't like Dino Melaye but he did good on this one.

NgeneUkwenu:


You are pathetic! Why not counter her assertion and argument with a definite comment and logic instead of showing your stupidity in a public forum?

maupe:
This could have been avoided if the President had done a full background check on all the areas of the TSA arrangement, so as to know its pros and con's. But instead of ordering an empirical analysis of the TSA act, he rushed into it blindly and ended up crediting the account of System specs. If not for the diligence of the CBN Govenor, this sordid arrangement would have continued unabated. This is why Okonji Iweala wanted a stop-gap measure applied to the implementation of the TSA.

cutestcee:

Chaii
Try harder, because this your attempt to exonerate the coward-tribe is just so lame! Why get high whenever u see or hear an Igbo name? Pathetic Yoruba like u!

edogirl2:
The company is owned by John Obaro and Ernest Ndokwe, two Igbo men, and the only reason this corrupt arrangement is in place is because the then Minister of Finance, was Igbo. Central Bank Governor, Igbo. Then Secretary to the Federal Government, Igbo. Then add the utterly confused and ignorant President.


But Igbos would want us to believe that Yorubas and Hausas are solely responsible for ruining this country! How can you put 1% of the entire evenue of a country to a single company, and the remaining 170 million people get to share 99%. For what? This is a company that simply provides a one-off software, that you can buy for less than $100,000 (N20 million) and can be maintained by less than 30 people. Yet, they are carting away with N50 Billion naira.

It is part of the Jonathan legacy of corruption. Just imagine that Jonathan won, this nonsense of contract will have continued for years to come.

I confirm that Chief Kolade is Chairman and not a shareholder in this company. Companies who seek government contracst often put 'highly respected' members of the company as paid Chairman of their company. The That is why ex President Gowon is Chairman of several companies but he is not the owner of these companies. They just use these men/women as the public face of the companies. Other than Mr Obara and Ndokwe, the other directors listed by the Op are all employees of the company, not shareholders.

Rad1cal:


Imbec1le, What percentage is Alphabeta collecting from Lagos ?

NgeneUkwenu:


You are pathetic! Why not counter her assertion and argument with a definite comment and logic instead of showing your stupidity in a public forum?

Icecomrade:

With TSA in operation in Nigeria, these guys are made for life.

Success is preparedness meeting oppotunity.

God open. Doorways for me

Indications have emerged regarding how the lawmaker representing Kogi West Senatorial District, Senator Dino Melaye misled his colleagues and other Nigerians with allegations that Remita, a payment platform owned by SystemSpecs, is milking the country by charging 1% as fee on all transactions in the Treasury Single Account, TSA.

This is as a letter issued by the Central Bank of Nigeria, CBN, on December 17, 2013 and circulated to all Deposit Money Banks, may have rubbished Senator Melaye’s claim.

In the letter titled “Commencement of Federal Government independent revenue collection under the Treasury Single Account (TSA) initiative” the CBN agreed that “a fee of 1% of funds collected is payable; and this would be shared by solution provider and participating banks.

Further investigations revealed that the apex bank, before choosing Remita as gateway, examined existing local and foreign infrastructures before its endorsement and choice of the platform. Aside approaching NIBSS; a company owned by all Nigeria banks; including the CBN, the apex bank also reviewed the suitability of RTGS provided by CMA a foreign software house, and was convinced about its unsuitability before SystemSpecs’ Remita was considered.

According to facts sourced online and via the company website, Remita is a payment platform and not a company as many including Senator Melaye would want the upper chamber to believe.

Media reports also claimed that SystemSpecs; owner of Remita-the CBN licensed payment gateway has been in existence for about 23years while Remita has been holding sway in the electronic payments space for about 10 years- long before the advent of TSA.

Investigations revealed that during evaluation, the CBN’s requirement-which was an integrated platform that connect to the banks and CBN’s platform, appeared beyond the reach of locally available solution.

Nevertheless, to make the selection process transparent, the CBN invited other companies to participate in the bidding as was the required procedure. CBN sources said Remita was offered the TSA project because of its unique capabilities to deliver on the requirement.

Further investigations showed that the Office of the Accountant General of the Federation, OAGF, and the World Bank supported the project and its evaluation. “After due diligence, the contract was given to Systemspecs to deploy Remita as the CBN TSA Payment Gateway,” the CBN source said.

On the Kogi Senator’s disclosure that Remita is a collection agent, the CBN source debunked this by saying “TSA is not just about collections, but payment and collection. The payment component started since January 2012 with little or no resistance. However, Collections which will have greatest impact on the economy by curbing corruption and blocking leakages was frustrated and repeatedly delayed until the new administration came in and insisted it must take off.”

Oduduwaboy:

Rational argument . Why can't more PDP supporters have just 1% of your reasoning ability ?

theV0ice:


welcome my friend

There's nothing corrupt about SYSTEMSPECS getting paid for developing REMITA to assist CBN in achieving transparency through TSA.

The joke is on the guys claiming 'fraud' and putting it on PMB. It was signed under Sanusi amd GEJ and the owners are from your tribe and my tribe so agabaI23 and theV0ice have cases to answer

I know how much my former bank paid INFOSYS of India to get us on FINACLE and i know how much my current company is paying for using the SAP software.

If the senate doesn't want CBN to pay that sum, then CBN should put it's in-house IT gurus to task to develop their own


How you dey my brother?

agabaI23:
Yea, I am conversant with IT solutions and I know how much it can cost. So I don't really give a flying monkey especially with the info at my disposal now.
What I was laughing at is the perchant to isolate the not-so-appealing part of the arrangement and give it to GEJ and appropriate the appealing part to Buhari.

You know Buhari is still running on GEJ's policies while at the same time calling him corrupt. I don't know how we will reconcile this kinda stuation...

My bros, I dey.

I am so much hoping Fash get's it right. I used to say that he did not do much in Lagos because of Tinubu's overbearing influence.

I do hope I am right. I am praying that he won't be blackamailed out of office by those Northerners because Buhari has no medicine against his brothers. Ask the middle belters.

How your side?

edogirl2:
The company is owned by John Obaro and Ernest Ndokwe, two Igbo men, and the only reason this corrupt arrangement is in place is because the then Minister of Finance, was Igbo. Central Bank Governor, Igbo. Then Secretary to the Federal Government, Igbo. Then add the utterly confused and ignorant President.


But Igbos would want us to believe that Yorubas and Hausas are solely responsible for ruining this country! How can you put 1% of the entire evenue of a country to a single company, and the remaining 170 million people get to share 99%. For what? This is a company that simply provides a one-off software, that you can buy for less than $100,000 (N20 million) and can be maintained by less than 30 people. Yet, they are carting away with N50 Billion naira.

It is part of the Jonathan legacy of corruption. Just imagine that Jonathan won, this nonsense of contract will have continued for years to come.

I confirm that Chief Kolade is Chairman and not a shareholder in this company. Companies who seek government contracst often put 'highly respected' members of the company as paid Chairman of their company. The That is why ex President Gowon is Chairman of several companies but he is not the owner of these companies. They just use these men/women as the public face of the companies. Other than Mr Obara and Ndokwe, the other directors listed by the Op are all employees of the company, not shareholders.

NgeneUkwenu:


You are pathetic! Why not counter her assertion and argument with a definite comment and logic instead of showing your stupidity in a public forum?

theV0ice:
Kahal29, are you sure??

I thought PMB(as Presidential candidate of CPC) awarded them the contract in 2011 because TINUBU owns the company??

I don't believe you jooor....

theV0ice:
Kahal29, are you sure??

I thought PMB(as Presidential candidate of CPC) awarded them the contract in 2011 because TINUBU owns the company??

I don't believe you jooor....

SLIDEwaxie:
what else will you expect then to display?

They have nothing upstairs except assertions and hearsays. Let them come with facts or counter arguments with facts, na insult...