The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi has said Remita was selected to provide an electronic platform essential for facilitating payments from Ministries, Departments, and Agencies (MDAs) to beneficiary accounts across commercial banks. Abdullahi made this assertion when officials of the apex bank appeared before the House of Representatives Public Accounts Committee Thursday, to respond …

The House of Representatives Public Accounts Committee, on Tuesday, summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to unfailingly appear before it on 5 March 2024, over issues relating to alleged leakages with the e-payment solution platform,  REMITA. The Reps fumed that Cardoso’s failure to appear before the committee during previous sittings “has greatly stalled this …

The House of Representatives is set to probe instances of revenue leakages and non-remittance of revenue generated through Remita. This is as the House also expressed dismay over the non-compliance by revenue-generating agencies of government on standard operating procedures and other allied service level agreements signed among commercial banks, Office of the Accountant General of the Federation, Systemspec, Nigeria Interbank …