THE House of Representatives Public Accounts Committee has resolved to sanction Ministries, Departments, and Agencies of government over violation of the Treasury Single Account.
The chairman of the committee, Bamidele Salam, said this at the resumed hearing of the committee in Abuja on Wednesday.
The committee also summoned the Governor of the Central Bank of Nigeria, Mr Yemi Cardoso, Minister of Finance, Wale Edun and representatives from the Office of the Accountant-General of the Federation, to appear before it on February 20.
The committee is investigating alleged leakages and non-remittance of TSA revenue generated through Remita.
Salam said that the investigation aimed at transparency and accountability and not targeting any specific company.
The Managing Director of Remita Payment Service Ltd (RPSL), Mr Deremi Atanda, clarified that Remita did not manage government revenue but acts as a software and payment gateway.
Atanda debunked the one per cent fee charged for processing TSA, adding that the applicable fee for processing TSA payments was N150 with VAT.
He said this was according to CBN circulars of November 2018 and December 2020.
He said that Remita offered free value-added services to the Federal Government despite foreign hosting costs.
The committee however expressed concern about the lack of documents, particularly from CBN, contrasting with Remita’s provision of a signed contract.
Salam said there was a need for the physical appearance of the Minister of Finance, CBN Governor, and Accountant General of the Federation before the committee on February 20, 2024.
