₦airaland Forum

modath:
Learnt something, thanks OP.....


& that Dino of unverifiable & shrouded in mystery income stream is a straight up MOFO....

Trying to get back at Jagaban but has set the polity on fire with his high level ignorance. ...

He will get all he deserves soon, Abokaku special..

You're welcome

I stumbled on that and thought it's worth sharing!

Nice one...




Equip your info, Read more about Remita cum FG at : https://www.nairaland.com/2734670/putting-records-straight...what-know-remita

Beautiful t-shirt. Love that, at the the walk would ease some tension and help them stretch the muscles...


Btw:


For more news on the real source, contract terms and initial thoughts leading to the Remita brouhaha, click on:

https://www.nairaland.com/2734670/putting-records-straight...what-know-remita

Hope Seun and Co do something about this undue privilege enjoyed by some select individuals.

Abi nairaland is now discriminatory? Suppressing a section against the other.

By standards, the Internet should be secular!

Cc:Lalasticlala, Seun, administrators

Is he eating from a buka? I mean aa local canteen?

N87/litre, Marina, Lagos

PUTTING THE RECORDS STRAIGHT...WHAT I KNOW ABOUT REMITA....

(Please be alert to my emphasis on some words and phrases using capital letters)

Some years back...I suppose a little more than 5 yrs but preceding the GEJ era, I saw an advert in the newspapers....a new epayment/collection system developed locally by a Nigerian, with a brand name REMITA was advertised. It sought to bring additional innovation to the landscape dominated by Interswitch but focused on the Corporate epayment solutions.
The solution was developed to help corporate organizations leverage online platform to drive collections especially from distributors of their products in order to eliminate leakages and fraud...and also for govts to drive collections....I checked the Company that developed it, it was no other than...SYSTEM SPECS...A Technology innovation and solutions company that is one of the early local technology developers in Nigeria owned by Mr John Obaro.........

ROLL BACKWARD TO LATE 90S
Mr Obaro's company SYSTEM SPECS had about 15 + years ago developed the first Human Capital Management solution in Nigeria called HUMAN MANAGER...the first to compete with similar solutions owned by foreign Hi-Tech companies like SAP and SAGE....being a cheaper solution, it caught the waves and many corporates bought the solution to manage their HR. I recall that when Capital Alliance Private Equity set-up in Nigeria in late 90s, SYSTEM SPECS was one of the first Technology companies they wanted to invest in because of their forward looking business, but it eventually did not happen...........

FAST FORWARD TO 2014....
When the former Minister of Finance and Coordinating Minister of the Economy , Ngozi Okonjo Iwela came up the the TSA policy in 2014, she of course knew that the only way it will be efficient was to drive it through an eCollection /ePayment platform so that Revenue agencies and collection banks can automatically remit funds to the TSAs in CBN without much of human intervention and to avoid revenue leakages. So I think sometime in Oct/Nov 2014, NOI through the approval of former President GEJ signed the contract with SYSTEM SPECS to leverage the REMITA SOLUTIONS....(Our own home grown solution in promotion of local content in Technology adoption) to be the eCollection platform....

Now by all local and global standards, eCollection platforms typically charge between 1%-3% of total value of transactions...so I do believe that NOI agreed to the lower band...1% and signed the deal. That means REMITA platform, owned by SYSTEM SPECS will charge 1% of total revenues collected through it!..... It is imperative to note here that THIS CONTRACT WAS SIGNED BY NOI UNDER GEJ GOVT ....and that is the subsisting contract till date...... I suppose because the TSA compliance under GEJ was very low, the charges may not have been so high enough in one swoop to warrant the "eagle eye" of Nigerians...or better put, news fabricators! propagandists!! and News Mongers!!!

ROLL FORWARD CURRENT DAY....
Naturally when PMB ordered for full compliance of TSA....I honestly would not know if the transfers were made through REMITA or not, but I suppose being the ecollection platform they applied 1% charge on the transfers!....leading to about N25B income, that many have criminalized and came up with spurious allegations and fabricated lies on......Suddenly, a deal contracted and signed by NOI and approved by GEJ.........SYSTEM SPECS (Erroneously called REMITA, the brand name of the solution); has been baptised and transfigured by some rumour hungry Nigerians to now be ALPHA BETA (company alleged to be owned by Asiwaju Bola Tinubu) and deal trending to be a PMB deal!!!......

Now, while I personally may have issue with the terms of charges, I think we should understand this is a CONTRACT signed by previous govt and stands to face serious legal issues if it was reversed or cancelled without due process......But I do also know for those who see everything wrong with PMB...or who are looking for ways to accuse him, ...had he cancelled the contract, they will still say he is REVERSING ALL THAT FORMER PRESIDENT GEJ DID!!!!......
May be Nigerians should be told, that the standard applied by SYSTEM SPECS is acceptable globally and various govt revenue agencies using online medium like Nigeria Immigration (ePassport) (never mind they have gone manual to enable the usual fraud to continue), have done similar things.....Blame should go the govt that signed the contract because they could have negotiated better and much lower charges considering the VOLUME OF TRANSACTIONS INVOLVED. Or even negotiate an outright purchase of the platform!!...I suppose should not have cost more than $10-20m to purchase it and then ask SYSTEM SPECS to operate it for annual fees!!

Surely, if some Nigerians are not careful, the way they are going they will use propaganda to set this nation on rage!!!,...I just can not fathom the level of bitterness......


Culled from a user on Facebook: https://m.facebook.com/story.php?story_fbid=10153362511258802&id=526368801

Now, we know who the sponsors are...

Rotemigen:
indication has emerged that the troops of indigenous people of Biafra have conquered owerri, overpowering the men of Nigerian army, police, civil defence and a combined term of IMO security network, millions of ipob took over the capital state of imo state as at 9am, forcing the Governor Owelle Rocha's okorocha to flee the state through back side of the Government house............

Have you finished lying?

Lai Kanufrauds!

You can twist story?

Where is d copy of the letter?

I smell fraud with this story without proof.

Sorry o

vosquare:
....

With all these now making rounds, I am sure they must have been deducting my credit balance without me knowing.

This is corporate thieving. Am sure they're playing with more fines by when NCC gets wind of this!

oyatmicah:
bt it came frm MTN N na

Maybe they are into yahoo yahoo

How much to clear a 2007 Ford SUV at Lagos?

How much to clear a Ford SUV at Lagos?

Owerri people refused to be duped by your Kanu

Always talking.

What has he done at the NASS?

The tone of that message does not sound professional.

It seems wrong somehow!

libertyfather:
Abule-Egba round about

What are rich guys doing at Abule-Egba?

benedictnsi:
I hope this list was compiled by an expert Olosho lady

Or maybe a marketing executive that has gone through the dimensions of this Lagos.

Hi peeps,

I got this in the social media and thought I should share it.

Which do you Agree with?
You may also mention other places...

Ladies married to rich husbands, where did you meet them.

jaxxy:
For 07 no possible sir.

But what's the mileage?

Comprehensive list of the new buari ministers & there respective portfolios
List of Ministers and Portfolios
Abubakar Malami – Justice
Geoffrey Onyeama – Foreign Affairs
Khadija Abubakar Abba Ibrahim – State
Minister of Foreign Affairs
Muhammad Dan Ali – Defence
Adamu Adamu – Education
Prof Anthony Onwuka – State Minister of
Education
Kemi Adeosun – Finance
Okechukwu Enelama – Industry, Trade
and Investment
Aisha Abubakar – State Minister of
Industry, Trade and Investment
Senator Chris Ngige – Labour and
Employment
James Ocholi – State Minister of Labour
and Employment
Muhammodu Bello – FCT
Abdulrahman Bello Dambazau – Interior
Senator Udo Udoma – Budget and
National Planning
Zainab Ahmed – State Minister of Budget
and National Planning
Ibe Kachikwu – State Minister of
Petroleum Resources
Babatunde Fashola – Power, Works and
Housing
Mustapha Baba Shehuri – State Minister
of Power, Works and Housing
Audu Ogbeh – Agricultural and Rural
Development
Heineken Lokpobiri – State Minister of
Agricultural and Rural Development
Rotimi Amaechi – Transportation
Hadi Sirika – State Minister of Aviation
Isaac Adewole – Health
Osagie Ehanire – State Minister of Health
Aisha Al-Hassan – Woman Affairs
Usani Uguru – Niger Delta
Claudius Daramola – State Minister of
Niger Delta
Adebayo Shittu – Communication
Lai Mohammed – Information
Amina Mohammed – Environment
Usman Jubril – State Minister of
Environment
Suleiman Adamu – Water Resources
Solomon Dalong – Youth and Sports
Kayode Fayemi – Solid Minerals
Abubakar Bwari – Minister Of States of
Solid Minerals
Ogbonaya Onu – Science and Technology

This their Oath is really heavy with binding statements!

You go against the content, you face your music!

bowler000000:
Pictures pls....

Here!

Next is Alhaji Lai Muhammed.

Mr President, this is the Master of our game.

Attended UI. Now OAU!
Has second class upper in French!

I love this Inauguration!

Nothing like party affiliation Insignia! If it were those PDP, you'll see decorations in their party colours.
This is a national event and hence only national colours and national flags are essential!

And did u hear 'So help me GOD!' (Religious Tolerance)

snika:
Inauguration of Buhari's saints

This your pix is impersonation...

Fraudulent!

Abi your Kanu guy also taught you this propaganda?

OK o