lets be objective here
there's nothing wrong with the TSA account itself.
its a needed tool to curtail corruption in our public service.
and it should be applauded.
the only issue is the 1% commission, which a lot of people deemed to much for that huge amount of transaction.
that can be re-negotiated.
delaye and fayose are just raising dust
cbn ordered remita to return the #8 billion they deducted on October 27.......
this issue became public just last week.......
this shows this govt had done the right thing before the advent of whistleblowers......
except the two has other information they are yet to reveal.

laudate:


Fayose is saying rubbish. His allegations have already been debunked by CBN.

Remita does not belong to any APC henchman. The company that owns the platform has been in existence for over 23 years.

So you expect them to admit. SMH

PDP is full of blockheads.

laudate:
You are the one that lacks knowledge. Your money is NOT missing! Do your research!!

What about our $20b? Is it also missing?

SIRTee15:
lets be objective here
there's nothing wrong with the TSA account itself.
its a needed tool to curtail corruption in our public service.
and it should be applauded.
the only issue is the 1% commission, which a lot of people deemed to much for that huge amount of transaction.
that can be re-negotiated.
delaye and fayose are just raising dust
cbn ordered remita to return the #8 billion they deducted on October 27.......
this issue became public just last week.......
this shows this govt had done the right thing before the advent of whistleblowers......
except the two has other information they are yet to reveal.

N25 billion fee in a day multiplied by 30 days=750Billion a month from may to october(6months) [size=14pt]Whaaat?[/size] the APC has finished this country,thanks to melaye and fayose oo. why are they panickly returning 8Billion, is too infinitestimal pls do the needful

laudate:


Ah, this drama is getting interesting, o! Are you referring to the same 20 billion that Sanusi spoke about in the NNPC saga, which he then had to review the amount almost 3 times??

Guy, why can't that fraudulent APC senator Dino Melaye (who is still unable to account for the source of his flamboyant lifestyle), raise issues based on the facts and the truth? Have you forgotten the way Oshiomhole cried wolf about how America gave a list of corrupt public officials to PMB, only for the same America to turn round to deny it??

dis one ^^^ is doing a good job defending corruption. Una remember d so call missing $25 billion? Hypocrisy.
If nothing is wrong with d fraudulent transaction, why did cbn collect d money diducted by remita? If not for dino, d money for don enta APC private pocket. Even banks dont make N25 billion profit in a day.
Weldone dino n fayose. Keep exposing d kwaropt acts of buari.

laudate:


Have you conducted any research to verify Fayose's claims? The money paid out was 8.6 billion from inception, since 2012 till now, not 25 billion daily! Haba!! CBN has come out to say only 1% transaction fee would be deducted and that 1% will be shared between the company, the CBN and all commercial banks involved. So how can you people be recycling a fallacy?? Chai!

The money was even refunded directly to CBN when Buhari's directive came through, that all payments, inclusive of transaction fees and commissions etc., should be paid to CBN in its entirety.

Why are Nigerians so gullible as to swallow every piece of gossip that they hear??

if Remitta is a software,Why not allowed a registered bank to acquire the software
No bank is mentioned here.The gullible ones are always fools

Ikengawo:
Fayose is a 1 man army. Yoruba keep defending a fulani man thats attacking your governor.

See hypocrite o. What has his tribe got to do with this? Wouldn't you defend Sule Lamido if he attacks Okorocha?

laudate:


See Nigerians and the way they jump to wrong conclusions!! Which 25 billion?? Haba!

but you quickly believed when u heard sanusi said 20 billion was missing hypocrisy @ its peak

Chigorkizz:
if Remitta is a software,Why not allowed a registered bank to acquire the software
No bank is mentioned here.The gullible ones are always fools

Oh the irony.

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laudate:


Have you conducted any research to verify Fayose's claims? The money paid out was 8.6 billion from inception, since 2012 till now, not 25 billion daily! Haba!! CBN has come out to say only 1% transaction fee would be deducted and that 1% will be shared between the company, the CBN and all commercial banks involved. So how can you people be recycling a fallacy?? Chai!

The money was even refunded directly to CBN when Buhari's directive came through, that all payments, inclusive of transaction fees and commissions etc., should be paid to CBN in its entirety.

Why are Nigerians so gullible as to swallow every piece of gossip that they hear??

yeah and diezanni stole 20 billionz dollarz... abi

laudate:


Fayose is saying rubbish. His allegations have already been debunked by CBN.

Remita does not belong to any APC henchman. The company that owns the platform has been in existence for over 23 years.

even if Remitta is over 23 years in existence, there no APC top level stakeholders today that is less than 50yrs. So being in existence for over 23yrs does not absolve APC henchmen of vested interest in Remitta. They have been harloting from on party to the other. So APC is just a new bottle with old wine.

tomakint:
The APC goons started their propaganda on a dangerous level against the Jonathan government just to get a power grab now they have it.........and Fayose had promised to give them a dose of their own machinations in equal measure but this time around with FACTS! From the look of things, REMITA will likely be a private company of a strong APC henchman.....probably, a Mallam. I can only pray unto God to keep and save Fayose for us. (Amen).

Amin oooo because he seems to be the only voice courageous enough to speak up against this Buharicratic government.

ovugoo:
even if Remitta is over 23 years in existence, there no APC top level stakeholders today that is less than 50yrs. So being in existence for over 23yrs does not absolve APC henchmen of vested interest in Remitta. They have been harloting from on party to the other. So APC is just a new bottle with old wine.

You guys thrive on conjecture and gossip. Please provide proof that APC henchmen have vested interest in the company that owns Remita.

fx45:
What about our $20b? Is it also missing?

Which 20 billion?? Go and find out ....

Brooklynsouth:
but you quickly believed when u heard sanusi said 20 billion was missing hypocrisy @ its peak

Nah.... you are the only hypocrite here who is good at jumping to wrong conclusions. Please cite the post I made, where I told you that I believed Sanusi's allegation of 20 billion. Am waiting.

Chigorkizz:
if Remitta is a software,Why not allowed a registered bank to acquire the software
No bank is mentioned here.The gullible ones are always fools

Kai!! Bros, your knowledge of the banking industry, and what constitutes a payment processing platform is low, o! Anyway, thanks for telling us that you are not just gullible, but also one of the f00ls!

BERNIMOORE:
N25 billion fee in a day multiplied by 30 days=750Billion a month from may to october(6months) [size=14pt]Whaaat?[/size] the APC has finished this country,thanks to melaye and fayose oo. why are they panickly returning 8Billion, is too infinitestimal pls do the needful

To whom brain is given, common sense is expected. Read through all the posts on this thread and try to Google the facts. The entire TSA account is not even up to 2.5 trillion, and 25 billion was NOT earned as fees, in one day.

But in a clueless, gullible fashion, you failed to understand that and multiplied it by 30 days after swallowing that fraudulent Dino Melaye's deceit. Chai!! Why are some people so backward?? And yet, they will claim they went to school!

Every Central Banks in this world have automated originating softwares that aggregates and concentrates finances from any banks or finance houses to any receiving depository financial institution destination account. The sweep account by banks dont bill based on percentage of inflow but on a fix charge of say $2 monthly irrespective of how much is transacted. This is not taxation, but just service charge. This is what you get when you make a Graduate of Islamic Studies a CBN Governor and an Illiterate Cattle rearer your President. How can a CBN, and in fact Sanusi approve charges to be % of accruing inflow. Someone decided to outsource cash concentration to a third party company called Remita.

Truth is, Sanusi has a share of the charges by Remitta, and in fact every stakeholder in remita is guilty and should be sent to prison. This is systemic fraud. You cant rule a country with common sense.

emmasege:
Amin oooo because he seems to be the only voice courageous enough to speak up against this Buharicratic government.

The same misplaced courage that led Oshiomhole to claim that America gave a list of fraudulent public officials to PMB, and the same America came forward to deny it sharp-sharp, leaving Oshiomhole looking like a fool. That same misguided courage is causing Fayose to make all sorts of blunders!!

Atlantian:
Every Central Banks in this world have automated originating softwares that aggregates and concentrates finances from any banks or finance houses to any receiving depository financial institution destination account. The sweep account by banks dont bill based on percentage of inflow but on a fix charge of say $2 monthly irrespective of how much is transacted. This is not taxation, but just service charge. This is what you get when you make a Graduate of Islamic Studies a CBN Governor and an Illiterate Cattle rearer your President. How can a CBN, and in fact Sanusi approve charges to be % of accruing inflow. Someone decided to outsource cash concentration to a third party company called Remita.

Truth is, Sanusi has a share of the charges by Remitta, and in fact every stakeholder in remita is guilty and should be sent to prison. This is systemic fraud. You cant rule a country with common sense.

Facts are sacred, comments are free. Provide incontrovertible proof that Sanusi has a share of the 1% transaction fee, and the stakeholders in Remita are guilty of some kind of offence, instead of wallowing in gossip, conjecture and falsehood! In your world, $2 monthly is enough to cover the operational costs of running a payment processing platform with 99.9% uptime that would handle such massive transfer of funds, on a daily basis.

One word of advice: don't try to run a payment processing platform using your logic. It would crash in 3 months, or less!!

.

Atlantian:
You do not make sense when it comes to running a payment processing platform. It is not a stand-alone system, it is an on-demand integrated module to the present OLB platform, an integral turnkey system to the present online banking platform, it doesnt require any extra hardware, so if you are ignorant of what I am talking about, be mute. This is my field, not some market ware.

Neither do you make sense in your assertions, sir. A payment processing platform does not require any hardware?? Chai! You are kidding me, right?? Ok, I guess the one you designed does not run on servers, and does not also need security solutions, encryption, authentication modules, network interconnectivity, switches, availability of power etc., to function! It would be interesting to see it, o!

.

Atlantian:
Assumption is the mother of all Bleep ups. You think you know, but you know nothing. If you can read and understand English, then pay attention. Cash Concentration, Sweep and debit origination which is the core of TSA is not a stand-alone system, shouldnt be and was only made so in order to perpetuate the fraud. I use these modules on a weekly basis if not daily. These are integrated within the OLBS and functions so. There is NO harware necessary, NOT AT ALL. This is simple clearing modules that are always, in every sane country, integrate and works the the present architecture that the OLBS is on. I understand this is not your competence, and you clearly sound like someone who think he knows, yet there is a limit to what you know. 7 yrs ago, I was where you are now. I have moved up real fast, so keep an open mind.

Eeyah..... you are still persisting in this your fake attempts to draw the wool over everyone's eyes. Guy, this is not about some piece of software resting in outer space, o! You think it is just to write one programme and drop it somewhere in thin air?? What happens at the back end?? What are the devices on which your processing platform is running? How does it interconnect with payment gateways?? Your claims are really laughable.

Both locally and abroad, collection of a percentage of the transaction sum as a fee by payment processing platforms, is a known and accepted practice. Industry standard is 1.5% to 2.5% percent. Even the RTGS platform which CBN uses for 3rd party settlement which was installed and maintained by a foreign firm, is not being done for $2 dollar monthly.

Atlantian:
You do not make sense when it comes to running a payment processing platform. It is not a stand-alone system, it is an on-demand integrated module to the present OLB platform, an integral turnkey system to the present online banking platform, it doesnt require any extra hardware, so if you are ignorant of what I am talking about, be mute. This is my field, not some market ware.

I see Billy, Nairaland's most pathetic comedian, is back shooting the breeze.
Whatever happened to your billion dollar empire, Mr Chinese-goods-importer-cum-software-architect-cum-all-seer-all-knower-of-all-things?

P.S - Your diction is hard to miss from a mile off.

OnReflection:


I see Billy, Nairaland's most pathetic comedian, is back shooting the breeze.
Whatever happened to your billion dollar empire, Mr Chinese-goods-importer-cum-software-architect-cum-all-seer-all-knower-of-all-things?

P.S - Your diction is hard to miss from a mile off.

Eziokwu!! Talk true!! I had a feeling that something was odd, from the kind of responses he was giving!

.

OnReflection:


I see Billy, Nairaland's most pathetic comedian, is back shooting the breeze.
Whatever happened to your billion dollar empire, Mr Chinese-goods-importer-cum-software-architect-cum-all-seer-all-knower-of-all-things?

P.S - Your diction is hard to miss from a mile off.

If you are too ignorant to attack the subject matter, attack the person. Fallacy huh ? Very dumb set of humans operating on common-sense, and loving sex more than books.

Atlantian:
Guy, let's not argue about this stuff. Have you ever practically used these modules ? I have. Have you ever developed these modules ? Yes I have. Do you know how they work ? Yes I know. These are not stand-alone platform, I have repeatedly stated that it could be integrated to the existing OLBS and runs on same hardwares. It can not stress the resources. There are turnkey on-demand systems that can be integrated. I am about 5 of them I am presently using within the Treasury banking sphere, so please. RGTS platform is a kid's play compared to automated modules. Nigeria as a country does not even operate these modules, but I believe CBN knows they exist. When I am discussing, I am localized slowpoke from some third world. I am talking about project we develop in USA and which over 16,000 plus ODFI and RDFI are currently using and you are talking about some dumb RGTS. RGTS is the reason there is so much successfuly fraud in Nigeria banking sphere. I probably need to hold a seminar within the banking strata to educate you folks about transmissions of payments. I hate this arguments. Sanusi conived to commit the TSA fraud, if truth is what you are after. That is the truth, I am not interested in emotional and sentimental brou-haha.

Guy, point out the exact shape and type of fraud that Sanusi used the TSA Account to commit, instead of wallowing in gibberish and conjecture!! A lot of people went to school, and are unlikely to just swallow gossip because it makes you feel good to recycle it.

To whom brain is given, common sense is expected please. Have you even bothered to educate yourself on all the sharp practices that was happening in the banking sector before the advent of the TSA?? Banks would hold public funds without paying interest for 90 days or more, and then turn round to still lend govt the same money at 15% interest rate or more!

A state like Kaduna discovered the existence of funds that it never knew it had, based on the TSA. And you are here talking about fraud that Sanusi perpetrated?? Provide incontrovertible proof instead of dwelling in the realm of falsehood!

.