Reps probe ‘revenue leakages’ through Remita

The House of Representatives on Wednesday mandated its committee on Public Accounts to investigate alleged revenue leakages through the Remita platform and report within four weeks.

This followed the adoption of a motion by Jeremiah Umaru (Nasarawa, APC) and Jafaru Gambo (Bauchi, APC).

Moving the motion, Umaru said Remita is a software and financial service platform owned by SystemSpecs, which is a private company in charge of managing government revenues.

He said the platform has been serving as a gateway for the Treasury Single Account of the federal government and was fully adopted in 2015 for the collection of government revenues.

Umaru however raised concerns over the non-compliance with Standard Operating Procedures and other allied Service Level Agreements signed among Deposit Money Banks, Office of The Accountant General, Systemspec, Nigeria Interbank Settlement System (NIBSS) and the Central Bank of Nigeria (CBN).

He said despite the benefits and reasons advanced for on-boarding the Remita Platform, the rate of revenue leakages is worrisome apart from noncompliance substantially with Standard Operating Procedures and other allied Service Level Agreements signed by parties.