Systemspecs, an e-revenue collection platform for the operation of Treasury Single Account (TSA) for the Nigerian government has reacted to reports by some sections of the media which stated that the Senate accused the company of under-delivering on the substance of the contract.
A statement signed by the company’s MD/CEO, John Obaro, on Thursday, which stated that Systemspecs, who are the owners of Remita, is fully committed to indigenous technology for national transformation, clarified that the Senate rather recognised the e-payment platform as having played a significant role in the life of the nation when it mattered, adding that the disagreement has only been on the commercial terms of the contract.
“The Senate Committee further recommended that SystemSpecs’ efforts should be rewarded – albeit on a scale which is quite debatable,”Obaro said.
Recall that the media had reported that the Nigerian Senate had allegedly directed the Central Bank of Nigeria (CBN), to end its contract with the company in order to investigate allegations that the TSA was being mismanaged, adding that Systemspecs was making excessive gains off the country.
Obaro noted that Systemspecs, have had to contend with a barrage of questions on the nature of their involvement with the project and the associated commercial terms, arising from the Senate enquiry.
According to him, the company had in the past few months, received goodwill messages from home and abroad in respect of its successful record in the indigenous software development space over the past 24 years, especially as it relates to its involvement in the FGN Treasury Single Account (TSA) project since 2011.