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NCS Faults Plans To Terminate Remita Contract On TSA

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The Information Technology Systems and Security Professionals (ITSSP), an arm of the Nigeria Computer Society (NCS) has frowned at the Senate Joint Committee on Finance, Banking, Insurance and other Financial Institutions and Public Accounts, for recommending the termination of Remita.

Remita is an indigenous e-Payments and e-Collections solution on a single multi-bank platform used by Systemspec.

The Central Bank of Nigeria had awarded the contract to Remita in 2013 for electronic collection and remittance of government fund, through the Treasury Single Account (TSA).

Recall that the Senate, last week, passed resolutions asking the federal government to urgently terminate the 2013 contract between the Central Bank of Nigeria, and SystemSpecs.

But in a statement, the President of ITSS, Mr. Rogba Adeoye said: “Calling for the termination of the contract at this period is not right, as it is being interpreted as stoppage of TSA operation.”

He said the Remita should rather be encouraged and promoted to other countries to earn Nigeria foreign exchange.

According to him, “the termination of the contract will derail the TSA operation, undermine anti-corruption stance of the current national government, discourage local Information Technology (IT) innovation and will kill local content initiative of the federal government.

“This is our stand as regards indigenous software product of our own, that the contract should not be terminated, but allowed to stay as one of IT products to enhance good government service delivery and transparency.”

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