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BREAKING: Senate terminates REMITA contract and orders prosecution of culprits involved

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The Nigerian Senate has terminated the contract of System Specs Ltd, the company responsible for the REMITA platform for the Treasury Single Account (TSA).

The Senate also called for the prosecution of the ‘culprits’ involved in the contract.

The report on the abuse and mismanagement of the TSA was read on the floor of the senate by Senator John Owan Enoh representing Cross River Central who headed the committee that probed the contract.

The recommendations one and two of the report on Abuse & Mismanagement of TSA was amended by the Deputy Senate President, Sen. Ike Ekweremadu and Sen. Dino Melaye, who added to the 2nd recommendation that the culprits in the contracts should be identified and & prosecuted.

The senate passed all ten recommendations of the report on Mismanagement of TSA including those amended and one additional recommendation have been passed.

The additional recommendation on TSA report reads: Excess payment made outside what was officially fixed by the Central Bank of Nigeria (CBN) should be refunded.

More details to come.

Source : Gist Arena

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About Basil Ita

I’m Basil Ita Ekuson, a freelancer, a blogger with a passion for research. The owner of basilita.com. Basil Ita mainly addresses the needs of small business owners that want to maximize their online visibility via internet marketing specifically solo ads, blogging, content marketing, SEO, social media marketing, visual marketing and affiliate marketing. Via this particular blog, I share my thoughts on HOW TO related issues, and some TIPS. My goal is to help as many people as I can to live laptop fantasy lifestyle… Feel free to drop me a line or ask me a question!

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