₦airaland Forum

Buhari Paid TSA Consultants
N60 Billion, Not N25B Per Day
As Exposed – Nigerian Senate.

REMITA is owned by the APC
leader Ahmed Tinubu; who is
alleged to be acting as a front
for President Buhari. REMITA is
requested to "remit" back a
total of N2.5trn they received
as Commission.
Paying N6trn a year to REMITA
will crash the economy. The
main reason for Buhari's 'profit
warning', "that Nigeria is
broke"

The Nigerian Senate have
requested the Central Bank of
Nigeria (CBN) to immediately
terminate the contract awarded
to a private firm REMITA for the
implementation of President
Muhammadu Buhari’s version
of the Treasury Single Account
(TSA) policy, which pat REMITA
1% commission for every
transaction.
The Senate instructed its
committees on Finance,
Banking and other Financial
Institutions, and Public
Accounts to carry out a holistic
investigation and report back in
two weeks, asked the firm to
return the sum of N2.5 trillion
which has allegedly been
collected so far.

President Muhammadu Buhari
secretly awarded the Company
the contract without following
the Nigerian banking rules.
The Senate had also asked for
the prosecution of all members
of REMITA’s board of directors
according to the provisions of
the Bank and Other Financial
Institutions Act (BOFIA).
Senator Dino Melaye, on his
debate on the motion, said that
the “Federal Government on
15th of September 2015
mopped up the sum of N2.5
trillion Naira through its e-
collection agent, Remita.
On his part, the Majority Senate
Leader, Ali Ndume expressed
surprised at the revelation given
that the President assumed
office on the back of no-
tolerance for corruption
campaign.
He said: “I didn’t believe that
this could happen under this
government.
However, if it is
true, the people involved are
saboteurs, and must be
compelled to return the money,
and face the wrath of the law

A lot of Nigerians are not too conversant with the TSA thing especially in the light of the revelation by Dino Melaye that Remita collected N25 billion in one day as commission.

For now, it is settled that the TSA has come to stay but we need to know how the system operates.
Under the TSA, the ministries and parastatals collect revenue through the TSA in any of the commercial banks. These accounts in the various banks are immediately swept into designated accounts with the Central Bank of Nigeria using Remita as a payment switch just like the way banks uses Mastercard, Verve, etc.
Remita is a software developed by Systemspecs, a Nigerian company that is now operating as a monopoly as a consequence of the compulsory order that came with the full implementation of the TSA.
Systemspec markets its Remita software as a one-stop software that addresses all the issues associated with accounting for revenue collection and payments, including payroll.
But it is coming at a great cost to the FG.
For instance,
Systemspecs charges 1.05% for revenue and
1% for payments that pass through its switch.
By way of comparism, commercial banks charge COT only on payments/disbursements with rates ranging from N2.5 to N5 per mille.
Banks do not charge on revenue.

For instance, if an agency collects N1bn in a month and disburses N800m in the same month, Systemspecs would collect the sum of N10.5m and N8m respectively.
This commissions taken by Systemspecs through Remita were not budgeted for by the different ministries/parastatals but simply thrust upon them by the policy change.
If commercial banks were to play their traditional role for the same transaction, an agency would only pay the COT of between N2m and N4m depending on the agreed COT rate with the customer.

The present reality is that money is also being lost through the full implementation of the TSA as it is and we are not sure which is worse, the old order or the new.
One would have thought that the FG will negotiate a flat fee rate with Systemspecs instead of allowing that company to collect commission on indeterminate revenue and all other payments that passes through it.
The FG can also decide to acquire the Remita software from Systemspecs.
This policy of allowing commission payments is not sustainable.

Ok

My son was ill recently and I took him to a hospital. Doctor referred us to the lab were we conducted about 5 tests.

My son's frequent illness has become a source of concern to me.......he will always have fever like every 3 weeks.

I've collected the result from the lab.
I know there are experienced doctors here who can interprete the result but i will still take it to the Doctor later.
Attached is the result.

ICC Warrant And Buhari’s Arrest In London

ICC Raises Warrant On Buhari:
HOW Buhari WAS ARRESTED IN London BY INTERPOL OVER CRIMES AGAINST HUMANITY.



Following an international warrant raised against General Muhammadu Buhari (Rtd), the Interpol arrested him briefly in during his recent visit to the United Kingdom, Buhari is currently released on bail as lawyers prepare his case at the ICC. It was like a joke yesterday when a video showing clips of General Buhari being conveyed to a waiting British Police Armor Criminal Carrier {ACC} to be whisked off, was shared from the Media and Publicity page of the RBL on Facebook. Though its source is yet unknown.



ALSO READ: AU Accuses Buhari of Setting a Bad Example for Africa’s Ruling Class

In the video, General Buhari was accompanied by His Personal Lawyer, His Personal Doctor and 2 leaders (Ameachi and some other unknown leader) of the APC into the waiting van admits tight security

Location?

TELLHIT:
tthis is a fvckn movie

Its not a movie my brother.
How i wish it was a movie.....its so sad

mickey45:
It's a pity how low we've sunken in this country, you'd such men will have some honour but alas!
But Awolowo wasn't wrong when he said said: “The trouble
With Nigeria is that while most people in public life and
in the position of leadership and rulership are spending whole days and nights carousing in clubs or in the company of men of shady characters and women of easy virtue, I like a few others, am always at my post working hard at the country’s problems and trying to find solutions to them”

You then wonder how people whose idea of relaxation is as described above can really have the time for critical thinking that real Nation-building requires.

I can't agree more

48noble:
When broke guys and uninvited guests attend an exclusive party...did the girls complain to you.?

You are part of the problems in this country

I was a guest at a party organized by one of the bigwigs as far as politics is concerned is in the country.

We were doing our thing........drinking expensive wines and dancing to music by some of best Nigerian artistes when suddenly a big coaster bus drove into the expansive compound with two police escort vehicles.
We were just wondering who the passengers were only to discover that the bus was filled with young girls.

The oldest among the girls should not be more than 23....I believe most the girls were sourced from secondary schools. I came to understand that some of the Aides to these big men normally arrange for these young girls on the instructions of there Principals whenever they want to host their friends.

The Oga on whose compound we were partying just came out and selected some of the girls and took them inside. He then said to us "Guys pick anyone you like and go enjoy yourselves".

I was not able to sleep throughout that nite.....These are men who have daughters of the same age with the ones they are sleeping with.
These are men that most young people see as role models.

I lost my respect for these so called "elder statesmen" that nite.

Olisa metuh has said it all......nothing more to add.
Only that posterity will judge the brainless idiats who brought the daura braindead du.l.lard to power.

We warned them but they never listerned.

I blame the Daura du.l.lard for this

la click la die

kimond101:
Mr man go and park somewhere.
We have had enough bad government for years.
Nigerians are wiser now. If he doesn't lead us we'll we would not vote for him in the next election. But we are not loosing hope yet.
Simple!

Its only a fool that will not see that the country is heading for doom under the illiterate grandpa president.

What other signs do u want to see to know that the du.l.lard has nothing to offer?

I can't agree more

Mr "Integrity" only excels in nepotism!
He is a big time pretender!
1.
Where is Suleiman Ambrosa, the
Chairman of the Rivers State
Governorship Elections Petitions
Tribunal from?
Answer: He is from Kaduna
state.

2. Who is he married to?
Answer: He is married to AISHA
BUHARI's younger sister.

Now you know why Justice
Pindigi was hurriedly removed
mid-way through the Rivers
state gubernatorial election
tribunal sitting and replaced
with Justice Ambrosa.

There is now a flagrant
interference with the judiciary in
this dispensation.

Devilish woman

Xbabangida:
UNSERIOUS FELLOW!
Too bad of you u wasted my time.

U r the unserious one here.....how can you live in lagos and borno at d same time

Xbabangida:
Lagos and BORNO

ok ooooo, I can see dat this thing is a joke.
Bye

Xbabangida:
of course I am.... See SG if ur serious about this thing let me know. I will refund ur m0ney as soon as I can

I am serious but u have to answer my questions.
What's ur location

Xbabangida:
How many months do u request?

First I want to know how u intend to raise the money to payback?
Are u working?.
Do u have any collateral......in case u default.

Xbabangida:
Within like 6 months biko... I am not that kind of person, I will not run away with your money if thats what ur thinking ......Like i said, I've never stooped so low to beg for money in my life but right now, i'm left with no choice due to the circumstances on ground.

Sorry I can't do six months.

Xbabangida:
Seriously i'm financially grounded at the moment. I have medical bills to pay as well as other urgent stuffs on ground. Just 100k will save me from this mess. I've never stooped so low to do this before but I have no choice.

How and when will you pay back?

Xbabangida:
PLS this is extremely urgent ...I beg you in the name of whatever you serve.

Give more details

Next time don't write.....just draw the illustration in pictures we will understand.

Until Amechi and fashola are arrested....... Its called witch hunting

ozy4christ:
hmm

I can teach u everything u need to know about men.
Don't worry ; its a free lesson.

The d.u.l.l.ard grandpa doesn't hv direction, vision and any plan whatsoever to move Nigeria forward

My own na to just blank u like say u no dey exist.
Na so one girl wan form........the next time she called me after like 3 wks dat i didnt call , i answered and said "who is this" she said so you don't have my number in your fone. I told her I only save very important peoples number in my fone.

I told her its either shes not important or we have not met.....na so she start to introduce herself.
After much introduction......I told her "i cant still remember meeting u"
Na so she end the call but i knw say e pain her wella.

dekdek:
No one claim u cant take the NASS to court. read and understand first pls jeeeezzzz.
Just like u cant stop the judiciary from performing their constitutional duties, likewise u cant stop the NASS from her constitutional duties. if after NASS has acted and u feel aggreived by their actions based on ur facts than u can sue them but not sue them to stop them from performing their task. no one obeys that. they have never obeyed such before now and they wont start with this.

My brother we are here to learn....a court can be stopped in many ways. A lawyer can file for stay of proceeding, he can file for lack of jurisdictions, he can even ask to be assigned a new judge e.t.c
I repeat no one or institution will be served by any court over a matter and the person/institution will go ahead with the matter/process without firstly dealing with the matter in court.

dekdek:
abegi, go and talk with ur lawyer. u need to learn. cant keep repeating myself all over again.

You are the one who really need to learn.
The National Assembly as an arm of Govt. doesnt have immunity so it can be prosecuted.

dekdek:

Na wa oo. Someone went to court to secure an order against an institution from taking an action they are constitutionallly empowered to take and u are here telling us that he didn't sue instead he petitioned.
U sound confused.

People do secure court orders/injunctions preventing police from arresting and prosecuting them.
Is the police not empowered by law to arrest and prosecute?