₦airaland Forum

AfDapone:
How then do they earn their revenue, or is that not supposed to be part of the transparency?

They will charge the payers definitely. It can be a fixed fee for every user of their services. The point is, there is no 10% or something similar going to them.

ALTERNATEID:
* Quickteller
* Remita
* Etranzact
* Flutterwave
* XpressPay

These PSSPs are part of an expanded, transparent, and competitive ecosystem designed to make tax payment easier and more efficient for Nigerians across the country.

Also, PSSPs are NOT collection agents and DO NOT earn a processing fee per payment, nor a percentage of revenues.

Crucially, all revenues collected through these channels go directly into the Federation Account, without diversion, intermediaries, or private control. No PSSP has access to, or custody of, government funds.

Laptop boi spoted

Baffles me because this wasn't hidden. CBN through NIBSS for sometime now had been trying to get the PSSPs to integrate to TSA and provide near-real-time payment processing and they selected top PSSPs to champion it before opening up to others.

ALTERNATEID:
👇






So, what about Quickteller, Remita, Etrazact and flutterwave? Why single out Xpresspay out of the five PSSPs? Is it a crime for a company owned by folks from the SW who are equally the best at Fintech in Nigeria to be engaged as PSSP in their country? How does that represent state capture? You prefer Intel or another Atiku owned company be given the contract?

fergie001:
Signed
23-11-2025
Arabinrin Aderonke Atoyebi
Technical Assistant on Broadcast Media to the Executive Chairman of the Federal Inland Revenue Service (FIRS)

Previous Thread:
AlphaBeta 2.0?: Come clean on middle-man Xpress Holdings Ltd - Atiku to Tinubu

The FIRS press release tries to dismiss Atiku’s concerns, but the statement collapses when placed against verifiable facts, policy history, and established global standards in public revenue management. Here is the clear counter-analysis:




1. FIRS avoided the core issue:

Why was Xpress Payments quietly inserted into the TSA ecosystem without public procurement?

The statement lists PSSPs, but it never addresses the root concern:

When was Xpress Payments selected?

Through what process?

Where is the public tender?

Who evaluated them?

What criteria were used?


These are not political questions — they are governance questions.

Nigeria’s Public Procurement Act (Section 16) requires open competitive bidding for engagements involving public revenue systems.
There is no record of such a process for Xpress.

This alone validates Atiku’s warning about a quiet, opaque insertion of a politically linked firm into a national revenue pipeline.



2. FIRS claims PSSPs “do not earn fees” —

but their own past agreements contradict this.

Documented evidence shows:

Remita earned ₦3.06 billion in one day (Oct. 2015) from TSA transaction fees — confirmed by both the CBN and the Senate probe of 2015–2016.

The Senate report noted that PSSPs and SystemIntegrators earned 1% of transaction value before the policy was reviewed.


If FIRS is now claiming PSSPs “do not earn fees,” then:

Where is the new policy document?

When was the directive changed?

Where are the published fee schedules?


FIRS cannot rewrite history because it is convenient.

Until the fee structure is publicly released, Nigerians cannot rely on a press statement as evidence.


3. The ‘multi-channel’ claim is a distraction.

The real concern is privatised control and preferential access.

Even if multiple PSSPs exist, the danger is not monopoly —
it is parallel gateways managed by politically connected firms.

The key question remains:

Why does the Federal Government need new private gateways when the TSA was specifically designed to eliminate intermediaries?

The IMF, World Bank, and Nigeria’s own TSA policy documents all emphasise:

“Minimise private intermediaries in public revenue collection to reduce leakages, opacity, and political capture.”


Creating more private channels increases, not reduces, systemic risk.


4. Xpress Payments has political ties —

and FIRS did not deny it.

The company’s directors and beneficial owners have well-documented political links, including:

financial contributions to ruling-party figures

partnerships with Lagos-based revenue consultants

previous contracts with state governments tied to the same political network behind Alpha Beta


None of these were addressed.

A public revenue gateway cannot have political fingerprints.
This is a governance red flag globally.




5. If the onboarding process is “transparent,”

FIRS should publish the documents.

A truly transparent system would release:

list of all PSSPs

dates of onboarding

procurement process

fee structures

service-level agreements

compliance audits


Until these are made public:

Transparency claims remain unproven.


6. The timing is suspicious

and the FIRS statement does not explain it.

This appointment surfaced:

during a surge in national insecurity

during a collapse in public trust

while the government is under pressure for revenue leakages

and without any public announcement


Policy changes around national revenue cannot be slipped in through back doors.



7. Atiku’s warning is not political —

it is consistent with global best practices.**

Every serious country:

centralises public revenue

removes private toll gates

uses government-to-government channels

limits political influence in treasury operations


Nigeria’s TSA was celebrated globally because it removed private collectors.
Reintroducing private intermediaries — quietly — is a regression.

This is the exact fear Atiku articulated.

And FIRS did not address that fear.




FINAL COUNTERPOINT

The FIRS statement provides assurances, not evidence.
What Nigerians need are:

procurement documents

fee schedules

onboarding records

service-level agreements

independent audits


Until these are made public, the concerns stand:

This is a quiet re-creation of the Lagos Alpha-Beta model at the national level — a private revenue gate inserted into a sovereign financial artery.

If the government has nothing to hide, it should publish the documents today.

Assurances are not transparency.

Alliswell248:
Waste of time explaining to the sore losers.

Let them keep wailing

Are these Yorubalokan BATists also sore losers, seeing that they are getting daily bread palliative in the absence of promised jobs

Glimpsetv:

https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1


A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.

Watch the video, share your thoughts in the comments.

WriterX:
The FIRS press release tries to dismiss Atiku’s concerns, but the statement collapses when placed against verifiable facts, policy history, and established global standards in public revenue management. Here is the clear counter-analysis:




1. FIRS avoided the core issue:

Why was Xpress Payments quietly inserted into the TSA ecosystem without public procurement?

The statement lists PSSPs, but it never addresses the root concern:

When was Xpress Payments selected?

Through what process?

Where is the public tender?

Who evaluated them?

What criteria were used?


These are not political questions — they are governance questions.

Nigeria’s Public Procurement Act (Section 16) requires open competitive bidding for engagements involving public revenue systems.
There is no record of such a process for Xpress.

This alone validates Atiku’s warning about a quiet, opaque insertion of a politically linked firm into a national revenue pipeline.



2. FIRS claims PSSPs “do not earn fees” —

but their own past agreements contradict this.

Documented evidence shows:

Remita earned ₦3.06 billion in one day (Oct. 2015) from TSA transaction fees — confirmed by both the CBN and the Senate probe of 2015–2016.

The Senate report noted that PSSPs and SystemIntegrators earned 1% of transaction value before the policy was reviewed.


If FIRS is now claiming PSSPs “do not earn fees,” then:

Where is the new policy document?

When was the directive changed?

Where are the published fee schedules?


FIRS cannot rewrite history because it is convenient.

Until the fee structure is publicly released, Nigerians cannot rely on a press statement as evidence.


3. The ‘multi-channel’ claim is a distraction.

The real concern is privatised control and preferential access.

Even if multiple PSSPs exist, the danger is not monopoly —
it is parallel gateways managed by politically connected firms.

The key question remains:

Why does the Federal Government need new private gateways when the TSA was specifically designed to eliminate intermediaries?

The IMF, World Bank, and Nigeria’s own TSA policy documents all emphasise:

“Minimise private intermediaries in public revenue collection to reduce leakages, opacity, and political capture.”


Creating more private channels increases, not reduces, systemic risk.


4. Xpress Payments has political ties —

and FIRS did not deny it.

The company’s directors and beneficial owners have well-documented political links, including:

financial contributions to ruling-party figures

partnerships with Lagos-based revenue consultants

previous contracts with state governments tied to the same political network behind Alpha Beta


None of these were addressed.

A public revenue gateway cannot have political fingerprints.
This is a governance red flag globally.




5. If the onboarding process is “transparent,”

FIRS should publish the documents.

A truly transparent system would release:

list of all PSSPs

dates of onboarding

procurement process

fee structures

service-level agreements

compliance audits


Until these are made public:

Transparency claims remain unproven.


6. The timing is suspicious

and the FIRS statement does not explain it.

This appointment surfaced:

during a surge in national insecurity

during a collapse in public trust

while the government is under pressure for revenue leakages

and without any public announcement


Policy changes around national revenue cannot be slipped in through back doors.



7. Atiku’s warning is not political —

it is consistent with global best practices.**

Every serious country:

centralises public revenue

removes private toll gates

uses government-to-government channels

limits political influence in treasury operations


Nigeria’s TSA was celebrated globally because it removed private collectors.
Reintroducing private intermediaries — quietly — is a regression.

This is the exact fear Atiku articulated.

And FIRS did not address that fear.




FINAL COUNTERPOINT

The FIRS statement provides assurances, not evidence.
What Nigerians need are:

procurement documents

fee schedules

onboarding records

service-level agreements

independent audits


Until these are made public, the concerns stand:

This is a quiet re-creation of the Lagos Alpha-Beta model at the national level — a private revenue gate inserted into a sovereign financial artery.

If the government has nothing to hide, it should publish the documents today.

Assurances are not transparency.

You wan give headache to the laptop bois. How dey wan use counter this your counter. By now they will at least wish seun move this topic away from frontpage.

Believe them at you own peril. That was the same thing they said with alpha Betta.

iwaeda:
Nothing is misleading, Alphabets subsidiary.

Flutterwave and Etranzact too?

Don’t forget, Seyi is the Tech guy and he’s contesting for governor of Lagos State…Learn to draw obvious dots

Xscape1993:
Another APC battery backup from the pit of hell. Until we start telling ourselves the bitter truth in this country, Nigeria may not progress from this stage. Any educated man who sees things from the perspective of religion, tribal and political is a waste and a burden to humanity.

Please, also include that anybody who sees things from the perspective of personal preferences is a waste and burden to humanity. We can't continue to be insincere in every sense and expect the transformation that we desire. We speak when there are wrongs but we do so sincerely without any attaching things to personal preferences too.

anonimi:
The job of Tinubu’s IRS is to source out its own job to private companies that are owed by Tinubu and his cronies for state capture.

same way they outsourced road construction to companies without capacities and they made ministry or works incapacitated and they cannot employ people. This made our roads worst

If Nigeria was a country meant to be, no o one should pay tax but rather work and get rewarded

anonimi:
Are these Yorubalokan BATists also sore losers, seeing that they are getting daily bread palliative in the absence of promised jobs

Go to sokoto prison and ask kanu, the international terrorist, he has the answer.