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TSA: Senate resolution has vindicated us of allegation on wrongdoing – Systemspecs

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Sytemspecs, the operators of “remita” platform for transfer of funds into the Treasury Single Account (TSA), has said that Wednesday’s resolution of the Senate had vindicated the company of allegation of wrongdoing.

Image: John Obaro

This is contained in a statement issued by Sola Fanawopo, Managing Director, eMaginations, Media Consultant to Systemspecs and made available to the News Agency of Nigeria (NAN) on Thursday in Abuja.

While pledging commitment to actualising the goals of the TSA, the company stated that the resolution had shown that it had done nothing wrong.

“We are irrevocably committed to indigenous technology for national transformation.

“It is fulfilling to note that the Senate resolution did not accuse Remita of under-delivering on the substance of the contract but that the disagreement has only been on the commercial terms of our contract.

“The senate committee further recommended that SystemSpecs’ efforts should be rewarded – albeit on a scale which is quite debatable,” he said.

Fanawopo said that since the inception of Sytemspecs 24 years ago, it had always carried out projects with sound ethical principles.

He said that Systemspecs respected the terms of the contract it had with the Federal Government on the TSA project and had even gone beyond the call of duty.

He said that the TSA project and contract was not only for the transfer of money from commercial banks to the CBN.

“For emphasis, we wish to state that the TSA project goes beyond revenue collections and extends to payments, accounting information exchange and update,

“It cuts into full real-time integration with GIFMIS; integration with the national financial services ecosystem enabling payers across multiple platforms,

“It provides round the clock user support for 50,000 FGN TSA users of Remita platform, among others,” he said.

Fanawopo said that the negative attention which the TSA project had received could had been necessitated by competitors who only emphasised money collected and de-emphasised the work done.

He thanked the Senate for its avowed commitment to preserving the national interest.

He also thanked the government for entrusting such a significant national IT project to an indigenous firm.

NAN reports that the senate had directed the revocation of CBN contract with Systemspecs on the TSA project.

It also directed that the company be paid N656 million as against the initial one per cent charge.

(Source: NAN)


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