Alleged TSA fraud : Buhari’s administration starts damage control



Alleged TSA fraud : Buhari’s administration starts damage control

THE Office of the Accountant General of the Federation (OAGF) and the Central Bank of Nigeria (CBN) will today meet with SystemSpecs, banks and other stakeholders on the tariff for the transactions fees to be charged under the Treasury Singles Account (TSA).

File Photo: From left, new CBN Governor, Mr Godwin Emefiele, his deputies, Sarah Alade and Adebayo Adelabu during a World Press Conference in Abuja. Photo: Gbemiga Olamikan.

Vanguard investigations reveal that the meeting, which was at the instance of the OAGF and the CBN, will review the tariff for transactions under the TSA.
Presently, there is a one per cent transaction fee for every transaction through the TSA which is conducted on Remita electronic payment platform owned by SystemSpecs.
A source close to the TSA project confirmed this development to Vanguard. Speaking on condition of anonymity, he said, “The meeting will involve all the companies in the TSA value chain, and they will discuss and agree on what the new tariff should be.
The meeting should have been held long before now, but recent developments have made it imperative”.

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