₦airaland Forum

fulaniHERDSman:
Christianity is worse

boko, u are a potential terrorist

So who should we blame? Buddhists?

9niceguy:
I wish I could lay my hand on that short man.....d tin wey he Do me wen he dey power. Dia is God sha

shut d hell up

Demented terrorists

citizenunitedfo:
You seem not to understand what is wrong in all these. Maybe you work for REMITA. You cannot, I repeat, you cannot charge a % of public fund. If you want to be charging a %, go start a business, let the public pay the fee for your service. No one will care., but when you begin to charge a % of government revenue, free money that is guaranteed to come, it's just plain wrong and simple.
I don't need to learn anything from you because you don't know what you are talking about obviously.

This revenue collection should be a flat management fee. The connections ensuring fund movement does not need innovation to warrant elaborate ongoing research and development as in commercial applications. Where is REMITA's cost to warrant sharing government revenue?

do you really understand what remita means?

Ballmer:
So because Dino as fed fat as a senator REMITA should be allowed to feed fat on our collective wealth with questioning in Nigeria ?

The fact remains there would never be a justification for any individual or organisation to be entitled to a percentage of the collective wealth of the entire population of Nigeria. It's baffling we refuse to learn in Nigeria.

REMITA whether you agree or not is simply a replica of Alpha Beta at the federal level. The same alpha beta that is entitled to a fraction of the collective wealth of all Lagosians.

How do you justify such action n in precisely what country does that happen in the world. The humongous sums transacted through the platform should essentially be a perquisite to why the CBN should never had bargain or sign a contract on percentage but we all know we have dullard manning the CBN.

Buhari is one man I will never regret casting my vote for. REMITA should be prepared to go to court over the contract terms as am sure it would not be entitled to any fraction of the Nigerian wealth at least not under this administration. It can wait till PDP takes over in the next century.

Good riddance to bad rubbish.

remita is not a person. It is a software

How on earth did that naija free kick not enter d net?

Swaziland really wants to score Nigeria

NFF should please sack Oliseh

Btruth:
Anyone knows which channel is showing the football?

DSTV supersports 3

cejo:
who's dat keeper in goal 4 naija.

that half caste

How on earth did mikel miss that clear chance? We would have been a goal up

Mods, the match is on. Bring it to the frontpage

jopex:
Which station dey show the match
Ntai/Channels/Ait

DSTV supersports 3

Mods, frontpage pls. The match has started

Why not Arsenal?

laudate:
And what exactly makes it a scam?? CBN itself knew that its existing systems were inadequate to cope with the activities it wanted to carry out. It invited bids from various companies to implement a new processing platform. The technical evaluation was jointly carried out by World Bank Project team and CBN, before Remitta was eventually selected.

CBN did not contribute a kobo to the setting up of that platform. The company did it at its own cost. The only thing it was entitled to collect was its processing fee of 1% of the cost of the transaction, and that 1% would be shared between that firm and all the commercial banks, which means at the end of the day, it gets only 0.05%.

Part of that fee is for sustaining and maintaining the operations of the platform. So what is so difficult for you to understand in here??

And is it your own lack of understanding that has made you conclude that it is a scam?? Educate yourself, please!! There is no payment processing platform in the world that does not charge a fee for its transactions.

me and you agree on remita. Educate yourself more on RTGS.

N87 in abuja. Just bought without hassle

laudate:
Don't bother to lecture anybody, as none of the actual users of that platform would attend.

RTGS is used for net settlement requests. And the CBN Guideline is explicit on use of RTGS. "For low value net settlement systems, if a participant does not have sufficient funds to settle net position, this could prove a risk to the whole system, CBN would provide collateralized intraday credit facility, which would be accessed to enable participants to make payments. The collateral must be high quality and the amount would be determined by CBN. Any participant that enjoys this facility must make the fund available in its account to cover the credit not later than the close of the day's business."

If that participating bank does not make funds available to cover the credit, or if it delays in submitting its returns on that settlement credit to CBN by close of day, it is penalised.

you didn't add that RTGS is for high value interbank and third party payments. Which makes it unsuitable for retail payments which is what those collections are. And why the CBN people went for remita.

edogirl2:
People can say what they like about the existence of a contract bla bla. But that does not change the fact that a new government is entitled to look at what is quite clearly a scam contract.

Op's attempt to conflate personal credit card charges in the US with the TSA charges is nonsense. If the government put out a bid for 0.1% of total collection as charges, many companies, including from abraod will happily bid for the contract, because even at 0.1% fee, it is still a very good contract for doing little.


You supply a one - off software that requires nothing more than a handful of people to keep it going and you want to take 1% of the country's entire domestic earnings. The remaining 170 million people will have to contend with 'just' 99%. The contract is just another example of the wickedness of the PDP/Jonathan administration.


Op can say whatever he likes, but this contract is going down. APC will will review the contract and deal with it accordingly.

don't mind people just talking out of ignorance.
Government collections are collected by banks and then transmitted to CBN through Remita software, developed by SystemSpec, a Nigerian company. In fact, both payment and collection.
The agreement is that 1% of the collection will be deducted and that 1% collected shared by SystemSpec and the collection banks, though I don't know in what percentage.
Every labourer deserves his wages. Nothing comes for free

laudate:
Guy, RTGS breaks down. Even when it is working, its' speed is slow, and it drags. If you have ever used it consistently over time on a regular basis, you would know. Ask anyone who has worked in the IT Dept as well as ops dept of any commercial bank.

It is folks like you that feed Dino Melaye with crap, because I do not even know the clown called Dino. Both CBN and the World Bank Project team evaluated the technical capability of RTGS and the technical solutions provided by other companies, before settling for Remitta. In fact, CBN in its own letter stated clearly that RTGS was unsuitable! Go and do your research before coming back here!

boy, I challenge you and IT staff of any commercial bank to prove that RTGS is slow and breaks down. I don't have time to lecture you

laudate:
Guy, please understand how the system works. Who is this unnamed CBN Official that is spewing forth inanities? The payment platforms that CBN has used over the years, have been beset by various problems.

Let us start with RTGS which was installed by a foreign company. To use that platform, CBN surcharges every commercial bank a large sum annually, to cover the cost of the backhaul and other equipments used to keep that platform, operational. Yet, it is very slow and breaks down frequently, and you have to call their offices every few hours each time it starts to drag. Each time this happens, the banks start to panic and call the CBN offices repeatedly, because there is a penalty for late submission of returns. There are even limitations as to what you can do on that platform. It is not even available to banks' branches in some local govt areas.

Don't forget that it was because of the inadequacy of their existing platforms, that CBN undertook the search for a new platform that was far more effective. A number of companies bidded for it, and after due diligence and checks, CBN chose Remitta. Even NIBSS the Nigerian Inter-Bank Settlement System which is jointly owned by the existing commercial banks and CBN, could not offer the service at the agreed fee. It did not score highly also in the technical evaluation of its existing platform.

In fact, let me stop here.... I have even given away too many secrets.

you don't know what you are saying. Which CBN RTGS breaks down frequently? And mind you, RTGS is not for used for submission of returns by banks. It is eFASS that is used for that. RTGS is used for funds transfer. Inter bank and third party funds transfer.
It's people like you that feed people like Dino Melaye the lies he raises in the floor of the senate

Remita doesn't collect 1% fees. They share the 1% fee with the collection banks.

Why 13? They should have slashed it to 3. Okorocha is just a criminal clown

sandraokosun1:
what is apc own here, is it not self explanatory. Their is no confusion on use of tsa, the issue here is whether or nt the remita company deserves the 1% it recieves, even if they must get percent, discretion here is that that percent is still too big.

It is rather ur gej and pdp who agreed ths deal without looking at the proportion of percentage remita gets.
The cbn has said it has recovered the money, what is the refutation there again.
Dino isnt saying the tsa is bad or its nt suppose to be given to a company, all he is putting to our notice is the sum in percent which remita gets and he thnks its too much, obviously the senate agrees and want to re negotiate percent.

remita doesn't take 1%. The 1% fee is shared between remita and the collection banks

Bosso is in Niger State where one campus of FUTMINNA is. I don't believe the story

EVILFOREST:
So that means senator T. A ORJI may likely benefit from such incentive..when he is norminated for such some time in the future... .?

I don't think any president will ever nominate TA Orji as minister. But if it happens, yes it will a take a bow and go

I

OrlandoOwoh:
Why would they arrest any of the girls?

girls caught with a notorious, most wanted armed robber like anini. Why should they let them go scot-free?
Take them to the station and interrogate them, those that are innocent should be set free. Some might of the girls might have been active in the robberies and some informants.

EVILFOREST:
My man, what about those who were asked to TAKE A BOW and GO.. .?

We had no Idea of their foolishness as well, yet they got JUICY positions.

apart from lie mohd who was asked to take a bow and go, the others were members of members of national assembly, either present or former. It is a privilege they reserve for themselves

ALISMILE:
we re not talking about offence for which he dubiously tried. We re talkin about fresh revelations of wanton theft! Why re u pple like this - averse to change!

just raising a point of law. I wanted the man to go to jail myself

egift:
I look forward to a Digitized National Media Platforms. From TV to Radio stations.

that is the responsibility of communications ministry