According to report 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.
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