Nation
Reps Query N15bn Payment To Remita
The House of Representatives’ Public Accounts Committee has queried the N15billion payment made to Remita from the Office of the Accountant-General of the Federation for two years.
This is just as the committee accused the Central Bank of Nigeria and commercial banks of complicity in the sharing of the N15billion remittance.
The committee’s Chairman, Bamidele Salam, made the allegation at the resumed investigative hearing on revenue leakages in Abuja yesterday.
Remita is a payment solution that helps individuals and businesses make and receive payments, pay bills, and manage their finances.
The round table: Delta Bloodbath: Senate Meets Service Chiefs As Troops Comb Creeks.
Salam said that the Remita payment from the OAGF from 2016 to 2018 was questionable, adding that the OAGF paid the money without agreement or contract.
“The money is an illegal payment. There was no budget provision. So, where did they source the money from?” the chairman queried.
“If someone pays N150,000 as a Remita, you will pay 7.5 per cent Value-Added Tax in addition to it.
Salam said that the Remita payment from the OAGF from 2016 to 2018 was questionable, adding that the OAGF paid the money without agreement or contract.
“Ordinarily, that whole sum of VAT ought to go to the Federal Inland Revenue Service, but what they are doing in this transaction is that they will now add that VAT to the N150.000.
“They will add it up, gather the money together, and take it to the CBN,” he claimed.
He said, “System Spec and Remitta, both collecting revenue for the Federal Government, will share 50 per cent, while the banks and the CBN will also have their share.”
He said that by the time the committee finished its reconciliation, “I am very sure that hundreds of billions of naira will be the VAT component that was not remitted to FIRS.”
Salam stated that each bank ought to take the money and directly remit it to FIRS.
“Now, Remita is saying that each of those collecting the money will come and calculate the money that has been shared into shreds. Now, how do we track this kind of money? “he asked.
The Director, Banking Services, CBN, Mr.Ahmed Abdullahi, said it was necessary to source for an alternative way of remitting revenue, adding that Remita and System Spec were selected because they had been rendering similar services to banks.
The Chief Accountant, Treasury Single Account Department, Oyewole Adewale, representing the Accountant-General of the Federation, accused the CBN of not honouring its letters to reconcile the revenue accrued to the country through the Treasury Single Account.
He noted that the OAGF had developed a system where all revenue generated by the Ministries of Departments and Agencies of Government could now be monitored with little or no interference.
The Director, Remita Payment Services Ltd, Aderemi Atanda, while reading the summary of the TSA collection record, maintained that 10, 20, and 50 per cent were shared among CBN, commercial banks, and Remitta respectively.
Collections, he noted, often vary, saying, “In 2015.
Nation
Rumuaholu Community Denies Land Grabbing Allegations, Accuses Obio/Akpor Chairman of Interference in Land Dispute
The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.
Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.
The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.
“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.
Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state
He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.
“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.
While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.
He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.
Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.