ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, September 14, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    Arsenal Ruin Postecoglou Nottingham Forest’s Debut With 3-0 Win

    Crouser Wins 3rd Successive World Shot Put Title

    US Wins Another 4x400m Mixed Relay Gold In Tokyo

    2025 WAC: Chukwuebuka Secures Third Consecutive Shot Put Final Spot

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    Arsenal Ruin Postecoglou Nottingham Forest’s Debut With 3-0 Win

    Crouser Wins 3rd Successive World Shot Put Title

    US Wins Another 4x400m Mixed Relay Gold In Tokyo

    2025 WAC: Chukwuebuka Secures Third Consecutive Shot Put Final Spot

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Reps Probe CBN, AGF, Others Over Revenue Leakages, Non-remittance Via Remita

by James Kwen
2 years ago
in News
CBN
Share on WhatsAppShare on FacebookShare on XTelegram

The House of Representatives has resolved to investigate the Central Bank of Nigeria (CBN), Accountant General of the Federation, Nigeria Interbank Settlement System (NIBSS) and Systemspec over through the Remita. Platform.

Advertisement

The investigation is to cover non-compliance with Standard Operating Procedures and other allied Service Level Agreements signed among deposit money banks and the concerned organisations.

These resolutions followed the adoption of a motion moved by Hon. Jeremiah Umaru (APC, Nasarawa) and Hon. Jafaru Gambo (APC, Bauchi) at plenary yesterday.

Moving the motion, Umaru said Remita is a software cum financial service platform owned by System-Specs which is a Private Company in charge of managing Government Revenues.

The lawmaker said it had served as a gateway for the Treasury Single Account of the federal government since 2012 though fully adopted in 2015 and used in the collection of government revenues over the years.

Related News

Support Your Husbands’ Aspirations – Senator Plang Tells Women

49 seconds ago

Calm Returns To Nepal As Woman Becomes Prime Minister

2 minutes ago

He said over N8.7 trillion had been processed through the platform before the deployment of the software, the Nigerian government had over 15,000 Bank Accounts operated by Ministries,

Departments and agencies (MDAs) but they have moved from deposit money banks to CBN.

According to Umaru, TSA system has created a cashless economy, transparency and effective tracking of cash assets with attendant accountability. It has not indeed fully blocked leakages and abuses by the proliferation of CBN Sub-Accounts.

He raised the alarm that 1% of the funds collected is charged as commission for making use of the platform and shared among SystemSpecs (owner), Deposit Money Banks(processor) and Central Bank of Nigeria (License issuer) in the ratio of 50:40:10 respectively.

Umaru expressed worry that despite the benefits and reasons for on-boarding the Remita Platform, the rate of revenue

leakages is worrisome apart from non-compliance substantively with Standard Operating Procedures and other allied Service Level Agreements signed by parties.

Adopting the motion, the House mandated the Committee on Public Accounts to conduct the investigation and report back within six weeks for further legislative action 

 

Join Our WhatsApp Channel

Tags: CBN
SendShare10190Tweet6369Share

Other News Updates

News

Support Your Husbands’ Aspirations – Senator Plang Tells Women

2025/09/14
News

Calm Returns To Nepal As Woman Becomes Prime Minister

2025/09/14
Cover Stories

How Subsidy Savings Are Utilised – Governors

2025/09/14
Cover Stories

FG, EU, Governors Launch New Initiatives For IDPs

2025/09/14
News

‘Take Fidelity Oath Or Face DNA Test Challenge’, Soludo’s Wife Dares Senator Ekwunife

2025/09/14
News

Alumni Advocate Better Training, Pay For Teachers

2025/09/14
Leadership Conference advertisement

LATEST

Support Your Husbands’ Aspirations – Senator Plang Tells Women

Calm Returns To Nepal As Woman Becomes Prime Minister

How Subsidy Savings Are Utilised – Governors

FG, EU, Governors Launch New Initiatives For IDPs

‘Take Fidelity Oath Or Face DNA Test Challenge’, Soludo’s Wife Dares Senator Ekwunife

Alumni Advocate Better Training, Pay For Teachers

Presidency To Crack Down On Flamboyant Appointees

Why We Won’t Marry Jobless Ladies – Unmarried Men

Kano Residents Celebrate Prophet Muhammad’s Birthday

Resident Doctors’ Strike: Hospitals Deserted As Patients Turn To Private Facilities

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.