Fagbemi, Wale Edun deny knowledge of CBN/Systemspecs revenue collection agreement

Lateef Fagbemi

Attorney-general of the federation (AGF) Lateef Fagbemi and minister of finance Wale Edun on Thursday denied knowledge of contract entered by the Central Bank of Nigeria (CBN) and Systemspecs/Remita for revenue collection across government ministries, departments and agencies (MDAs).

The duo were at the investigative hearing by the House of Representatives Public Account Committee in Abuja.

The revelation was sequel to the motion on “alleged revenue leakages through the Remita platform and non-compliance with the standard operating procedure and other allied service level agreements.”

Systemspecs is a financial technology company that has been providing Remita payment gateway for majority of government payments since 2015.

The duo expressed concerns over issues of discrepancies and irregularities in the procurement process.

No N50bn plea bargain deal with Emefiele – Fagbemi

APC appoints Lateef Fagbemi, 12 other SANs to defend Tinubu against Atiku, Obi

The AGF, represented by a deputy director, Yusuf Mohammed, said the ministry was not aware of the contract.

“It is entirely honoured practice that all agreements that the Federal Executive Council agreed on must be vetted and cleared by the AGF.

“Then, it is another practice which is anchored on the Constitution that all agreements that commit the government to an amount up to N50 million and above, have to be cleared and vetted by the AGF.

“There is a circular on that. So, I don’t know if there is such an agreement, it could have passed through the Ministry of Justice, ” he said.

Representing Edun, permanent secretary of the Federal Ministry of Finance, Okokon Udo, said: “It is the office of the AGF that is in charge of receipts and payments.

“There was no physical payment expected from Ministries, Departments and Agencies (MDAs). It was the CBN that provided the banking infrastructure and the platform through which the payment would be made.

“The agreement was between the CBN and the payment system provider, which is the SystemSpecs, there is no record that the Ministry of Finance signed an agreement with the Consultant who provides the platform,” he said.

About N34.311 trillion revenue was generated through Remita into the federation account between 2015 and 2022.