Reps panel queries Accountant General’s office for payment to Remita

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The committee accused the Central Bank of Nigeria and commercial banks of complicity in the sharing of the N15 billion remittance. Mr Salam said that the payment of N15 billion to Remita from the OAGF from 2016 to 2018 was questionable, adding that the OAGF paid the money without any agreement or contract.“The money is an illegal payment; there was no budget provision, so where did they source the money from?” the chairman queried.

“Ordinarily, that whole sum of VAT ought to go to the Federal Inland Revenue Service , but what they are doing in this transaction is that they will now add that VAT to the N150.He added, “System Spec and Remitta, both collecting revenue for the federal government, will share 50 per cent, while the banks and the CBN will also have their share.”

According to him, Remita was engaged in 2011 and operations commenced in 2012 with system module names. The CBN only finalised the transaction.

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