The House of Representatives Committee on Public Accounts (PAC) said it has summoned the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, Finance Minister Wale Edun, and representatives from the Accountant General’s office to appear before the House over probe instances of alleged leakages and non-remittance of TSA revenue generated through Remita.

This was revealed during a hearing presided over by Hon. Bamidele Salam yesterday.

Originating from a motion co-sponsored by lawmakers Hon. Jeremiah Umaru and Jafaru Gambo, both members of the All Progressives Congress; Cardoso and others are to appear before the house on February 20th, 2024.

During the hearing, the Managing Director of Remita Payment Service Limited (RPSL),‘Deremi Atanda, debunked the allegation of a 1per cent fee charged by the Federal Government and Remita for the processing of TSA transactions.

Referencing the CBN circulars of November 2018 and December 2020, he confirmed that the applicable fee for processing TSA payments was N150 with applicable VAT irrespective of the amount being paid to any Federal Government MDA account at the central bank.

Atanda further clarified that Remita does not manage government revenue. Instead, it serves as an indigenous software and payment gateway, channelling collected funds directly into CBN accounts.

He emphasised that revenue losses cannot occur within the Remita platform itself, with the technology being designed to provide real-time data on the banking statements of all the MDAs using the platform.

Denying unauthorised fees beyond the N150 per transaction, Atanda affirmed that Remita offers free value-added services to the federal government despite foreign hosting costs.