TREND SUN

The House of Representatives Public Accounts Committee has directed Remita, a financial technology firm, to refund N182.77 billion to the federal government. The sum was allegedly withheld from the Treasury Single Account (TSA) since 2015.   The directive was issued on Wednesday during a committee meeting in Abuja, following the submission of a forensic audit report by consulting firm Seyi Katola & Company (Chartered Accountants), which uncovered significant discrepancies in revenue remittances.   Remita, owned by financial services company SystemSpecs, is the online platform through which federal government agencies remit revenue into the TSA. In November 2023, the House launched an investigation into suspected revenue leakages through the platform.   Chairman of the committee, Bamidele Salam, said the decision was reached based on evidence presented by the forensic auditors and documents submitted by Remita and other stakeholders in the TSA ecosystem.   Adewale...

The Senate has unanimously voted to refer Senator Natasha Akpoti-Uduaghan to the Committee on Ethics, Privileges, and Public Petitions for disciplinary review, following her recent seating arrangement dispute. Trend Sun had reported that the Kogi Senator had engaged in a shouting match on February 20 after discovering that her seat had been changed without her consent.    The decision was reached following a voice vote after lawmakers revisited the controversy surrounding the recent altercation between Akpoti-Uduaghan and the Senate leadership over seat allocation, with lawmakers underpinning the need to uphold parliamentary rules and decorum.   In a motion raised under Order 1(b) and 10, condemning what he described as Akpoti-Uduaghan’s “extreme intransigence” during the Senate session on February 20, Senate spokesperson, Senator Yemi Adaramodu, revived the saga on the floor, stating that “from that Thursday, the media was awash with this issue and I had to w...

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