TSA: Senate orders CBN to dump SystemSpecs’s Remita

The controversies trailing the implementation of the Treasury Single Account, TSA, came to a head on Wednesday, as the Senate directed the  Central Bank of Nigeria (CBN) to terminate forthwith the 2013 e-payment contract renewal with SystemSpecs.

Read also: Blackmail won’t stop TSA probe, Saraki says

The Senate also ordered the CBN to disregard the one per cent charge provided in the contract agreement with SystemSpecs.

The Senate made the order in line with the 11- point recommendations made by its Joint Committee on Finance, Banking, Insurance and other Financial Institutions and Public Accounts.

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