#TSA Service Charge: 8th Senate Vindicated

The real truth behind the alleged TSA fraud: CBN governor opens up.

The Governor of the Central Bank of Nigeria, Godwin Emefiele on Wednesday, December 9 2015 opened up on the real truth behind the Treasury Single Account fraud.

However, John Obaro of Systemspecs told the committee that there was an agreement between their company and CBN.

While responding to questions from the senators who consistently queried the bank and the Accountant General of the Federation.

Emefiele said he had no knowledge of the one percent charge that was taken until he was summoned by the senate and house of representatives.

He added that It was immediately after that he swung into action when he found out it was true and called the Director of Remita and it was immediately that the money was reverted.

He further explained "Remita was to take 50 percent, other banks, 40 percent and CBN,10 percent.

"The monies were put together by the three companies involved and paid back to the MDAs.

"It was after the money was moved that the one percent was taken. Our balance could defer depending the time of when it was taken.

He also expressed his view on the one percent charge by Systems Tech that it was too high and exorbitant.

John Enoh, the chairman of the finance committee praised the courage of the CBN governor.

"As we sit back, we will further invite for closer engagement some of the issues before we come up with a solution.

"We will throw our minds back to when this was brought up on the floor of the senate.p

He commended the senate for their work so far in the investigation.

However, Ahmed Idris, the Accountant General of the Federation also said there was no agreement between the office of the Accountant General and the CBN on the Service Charge.

"My office and I are not part of this payment and we did not know how much was charged," he said.

Naij.com recalls that on Wednesday November 11 2015, the senate mandated the committees on finance, banking and other financial institutions and public account to carry out holistic investigation on the remmitance of the Treasury Single Account(TSA) funds.

This was disclosed on a three prayer motion sponsored by Dino Melaye representing Kogi West senatorial district.

The senate also directed the Central Bank of Nigeria (CBN) to immediately stop payment to the company.

9ja politicians and easy way of making money
the reason why we are still among developing country despite our abundant resources

end time TSA

Truth is some APC bigwigs( PMB prolly may not be aware) wanted to swindle naija but it back fired.

hmmmm Na u go tire

owners are Tinubu nd APC crooks dat dined with PDP in dy night nd make noises in day but those senate committee members mandated 2 carry out the investigation dnt even knw simple balancing cs at dy end of dy day dy re after their own cut case closed





#end time REMITA

Where and what's ds country turning toto