CBN Governor Makes Shocking Revelations On The Alleged TSA Fraud

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Wednesday, December 9, revealed the truth behind the alleged Treasury Single Account (TSA) fraud.

Godwin Emefiele is the governor of the Central Bank of Nigeria (CBN)

CBN governor, Godwin Emefiele

However, John Obaro of Systemspecs told the committee that there was an agreement between their company and CBN.

While responding to questions from the senators who consistently queried the bank and the accountant general of the federation, Emefiele said he had no knowledge of the one percent charge that was taken until he was summoned by the senate and house of representatives.


He added that it was immediately after that he swung into action when he found out it was true and called the director of remittance and it was immediately that the money was reverted.

He further explained: “Remittance was to take 50 per cent, other banks, 40 percent and CBN, 10 per cent. The monies were put together by the three companies involved and paid back to the ministries, departments and agencies (MDAs). It was after the money was moved that the one percent was taken. Our balance could defer depending the time of when it was taken.”

He also expressed his views on the one per cent charge by Systems Technology which he said was too high and exorbitant.

 The chairman of the finance committee, John Enoh, praised the courage of the CBN governor. He also praised his colleagues for the investigations.

Enoh said: “As we sit back, we will further invite for closer engagement, some of the issues before we come up with a solution. We will throw our minds back to when this was brought up on the floor of the senate.”


However, Ahmed Idris, the accountant general of the federation also said there was no agreement between his office and the CBN.

“My office and I are not part of this payment and we did not know how much was charged,” he said.

On Wednesday, November 11, the senate mandated the committees on finance, banking and other financial institutions and public account to carry out holistic investigation on the remittance of the TSA funds. This was disclosed on a three prayer motion sponsored by Dino Melaye representing Kogi West senatorial district. The senate also directed the CBN to immediately stop payment to the company.

The post CBN Governor Makes Shocking Revelations On The Alleged TSA Fraud appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM.

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