The public accounts committee of house of representatives has directed Remita, a financial technology firm, to refund a total of N182.77 billion withheld from the treasury single account (TSA) since 2015 to the federal government.
The House of Representatives Public Accounts Committee has directed financial technology firm Remita to refund N182.77 billion allegedly withheld from the Treasury Single Account (TSA) since 2015. The order followed a forensic audit by Seyi Katola & Company which uncovered discrepancies in revenue remittances through the platform used by government agencies.
Committee Chairman Bamidele Salam confirmed the directive was based on audit evidence and documents from SystemSpecs/Remita. The November 2023 probe into TSA leakages revealed the eight-year financial discrepancy involving the payment service provider.