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  • FreeNigeria

    We truly elected dummies into NASS. 2.5 billion is 10% of 25 billion not 1% as stated in this report. Melaye is probably angry cos he’s not getting his cut from this company. Charging one percent is not bad.

    • Ashibogu

      They failed to mention any alternative to TSA. Hunger don finish them! Buhari don lock money for locker. No egunje for budget defence! The thing pain them no be small! Their throat is so dry that they are swallowing their saliva. Na God catch them.

    • Abdul

      These senators are evidently daft. 1% fee is the least you can get for such a contract. Luckily it’s an indigenous company. The senators prefer carrying cash in Ghana must go or bullion vans. Dafties, honestly. What is the alternative? Have they thought of the termination clause on the contract? Goatheads!!

      • share Idea

        I concur with you. FG should not go back on TSA but consolidate more on scientific policies of the previous administration

      • whales1212

        Interestingly, the ceo said they’re opened for negotiation. I don’t trust these useless senators one bit,they want the money to go back to banks but trust baba, he won’t allow them,saraki likes to acts sometimes as if he’s the number one in the country.

  • Ashibogu

    Federal Government cash has been difficult to steal since the full implementation of TSA. That Ministries, Departments and Agencies did not have funds to settle National Assembly members during this year’s budget defence is attributable to TSA. Our politicians are, without any iota of doubt, senseless, wicked and patently unreasonable. They always think of themselves first before the nation. Someone should advise them to stop dancing naked in the market place as such an action is clearly a manifestation of what Ibos call. “akula “and Yorubas term “were”.

    • share Idea

      I don’t support abolition of TSA but bribing NASS members during debate is not the main reason they are calling for its cancellation. Uptil now, journalistic are still being given brown envelopes by FG ministries after covering events – does it mean that there is sub-head called brown envelopes. Nigeria we hail thee

    • Ibraheem Aruna

      Your analysis and observations are in order. The one percent negotiated by a that former nauseating, shallow President was too high a price to pay to a few individuals who have installed software here and there with some of their staff.

  • ayobamiba

    I warned Nigerians that these guys are sophisticated looters but who cares,they have elevated that alpha beta thing to CBN,God have mercy.

  • TC

    An indigenous software company trying to grow, which can in turn revolutionize the IT industry in Nigeria to a silicone Valley status and fools trying to cripple it, no foresight. Kai black man…..

    • PolyGon2013

      That is too much charges. FG can renegotiate. FG must also look for a competing platform to negotiate the platform software. It is called business.

      • TC

        Give list of competitors in Nigeria or should we give it to foreigners.

        • Onike24

          I don’t understand Nigerians sha! Envy is an affliction.

          • TC

            Bros… I tire… Please preach and educate

          • PolyGon2013

            If nobody envies them, then they are not doing well. Envy in business breeds competition.

        • PolyGon2013

          I don’t have any list of competitors. I won’t support giving it to foreigner either, even if they are going to charge 0.5 %.

      • Julius

        Exactly. What they should be doing is look for competitors. Let as many companies bid on the contract if their aim is to save some money. I doubt that is their aim.

    • MilitaryPolice01

      What do you mean by fools,the money is too much guy, I dont blame systemspecs though I blame the people that negotiated on behalf of the govt,they must have taken heavy gulps of ogogoro before negotiations. By the time they finish the contract which will be nothing less that two years what Tinubu is doing through alpha beta in Lagos will be childs play. wait oh are you not sure it is not Tinubu that owns that systemspecs because the man likes percentages wellu wellu, make una look am well oo

      • Onike24

        What do you mean the money is too much? Do you think you are haggling for fish? A company develops a product and it works and you are saying the money is too much! This is why we will never grow, envy and petty jealousy. Unbelievable bloody unbelievable. What business is it of the senate? As long as proper bidding and procurement rules where followed, what has it got to do with the senate? People, including senators misunderstand the meaning of Oversight function! Systemspecs may actually sell their product to other goverments, it will generate employment and we may actually earn foreign exchange from their intellectual property. We are really horrible people; truly.

        • MilitaryPolice01

          I have warned you against responding to me in an uncivilized way,you people think you have monopoly of insults but when insult start you will say na madness loool. Please disagree with me as much as you like,infact I like to hear opposing views because it helps me, but when you dable into insult in any reply of yours to me again it will be fire for fire, go mark am o, look at my response to the guy above I did not insult him, be careful you dont know who is who

          • Onike24

            I beg your pardon? What was uncivilised in my post? Haggling for fish was meant to be rhetorical. Ordinarily, I would have apologised for any offence caused, however I take great exception to your tone and will refrain from making any further comments in response to your post.

          • Rumournaire

            @Onike24, you are firmly on point. Absolutely nothing uncivil in your post. The fact remains that these senators are simply envious of a Nigerian company earning well-deserved income from a technology product. The real issue, from intelligence, is that they want SystemSpecs to grease their palms – which I understand SystemSpecs would not do. (This was actually the same reason the contract with SystemSpecs, though negotiated under GEJ’s government, was not signed then – someone wanted money from SystemSpecs.)

            So, what did the Senators recommend in place of SystemSpecs’ REMITA? Are they recommending scrapping TSA? They cannot just recommend termination of the contract with SystemSpecs without saying what should replace the contract.

          • Onike24

            Thank you! Sometimes, one just gets so despondent about our future. We have so many issues as a people. From corruption to petty envy. God help us!

          • Julius

            lolz

    • blow fissh

      I tire for Nigeria Senators oh. Finally someone is trying to make honest money and they start shivering. These senators are the real enemies of progress

      • whales1212

        You really think it’s actually because of the charges? It’s not, tsa has really made it difficult for them and their cohorts to steal like before, all the banks these people have interest have lost funds and some are struggling seriously. Don’t believe this people, when they’re talking about A,just know they meant B.

        • blow fissh

          Your point may also be accurate. Whatever it is, it is bad precedence. The good thing is the company has already indicated willingness to renegotiate the fees. Hence TSA stays. Incompetent banks should close. Period.

      • Julius

        Because they are not getting their own cut out of the profit the company is making. Its as simple as that.

  • Proud Yoruba

    Fine, no one anticipated the one percent charge before TSA and its implications, so renegotiate with them, where will you find a software to do the job quickly? Renegotiate with them based on the new reality, and stop bothering us with this story every month. Remita is used by most states in Nigeria and other private businesses, they are not some fly-by-night briefcase business, and should be celebrated. Govt. should get their act together!

  • whales1212

    Our senators recommend people who signed contract and are executing it for prosecution while we have a senate president who doesn’t want to be prosecuted for looting the country and alleged criminal acts. Honestly, this nass has become a joke and everyday, they just don’t seem to have a focus

  • kenny

    Hmmm, 20 billions for doing nothing.

    • TC

      Do you know what SDLC is and what goes into it…. Research and attempt it before you say for nothing.

      • kenny

        What do you know about what SDLC is and what goes into it that is yielding 20 billion Naira to few individuals in 6 months? A bunch of thieves.

        • Paul Young

          THEY MADE 20 BILLION BUT THE COUNTRY MADE OVER 2 TRILLION THAT WE WOULD HAVE NEVER KNOWN EXISTED. MY BROTHER ITS A SWEET DEAL

  • kuli

    Illiterate senators just like any of these e-payment contracts, the money is shared between central bank and system spec. 50/50.

    Awon ole. They want to cripple TSA coz it’s blocking all their avenues to steal.

    • Layo

      The TSA is seriously giving Saraki and his thieves serious headache. What they fail to tell Nigerians is that the 1% is shared by the commercial banks, CBN and systemspecs. These miscreants are dying to cripple the TSA. Ask any of those fools about the funds for constituency projects, it goes into their pockets without doing nothing. The senate and house of rep have said no to TSA, they will never agree to it. It’s clearly not making stealing easy.

  • mr fash

    easy. system spec is to be replaced by another firm owned by one of them which will now charge multiple amount and will disappear after collecting huge amount as upfront. Who elect this type of people.

  • Alhajivinco

    Why do our Government officials draft contracts that shortchange Government itself. The Contract should have allowed the Contractor earn the stated 1% but up to a certain maximum. For example, it could have provided for the Contractor to earn 1% on every transaction, “subject to a maximum amount, that is to say an amount not exceeding ‘X million Naira'” with ‘X’ being, say N500m. But certainly not N20b.

    • Paul Young

      The contract was signed in 2013 by GEJ’s govt, what do you expect from the incompetent lot? Perhaps they were so confident that the TSA wouldnt recover up to 1 billion let alonE 2 trillion

  • Rumournaire

    The fact that these senators did not recommend an alternative to SystemSpec’s REMITA shows that their issue is not so much about the SystemSpecs contract, but TSA. TSA has blocked most avenues for stealing, and the senators are hurting badly and bitter. So they would do anything to frustrate TSA. They don’t seem to realise that Nigeria is changing for the better.

    • 9JA IS DYING DEAD UNDER BUHARI

      There is no need for any firm to take charge of government agencies remitting money to the CBN–That is why Ekiti state said they will never be part of the arrangement–They are all thieves—in APC–Often hide under some fake revenue generating schemes to defraud the government–This was exactly how the Tinubus ati Fasholas milked the–revenue base of lagos state dry———Today Tionubu owns several private jets without having manufcatured anything from his brain like Buhari

      • kuli

        Idiotic comment.

  • olat

    NASS
    is looking at 20 billion n not d implication of their action. D company is indigenous,
    pay taxes, employed Nigerians n developed software. D company’s in charge of the
    Nigeria passport renewal abroad net in millions of dollar for doing nothing.only served as fees collection, based
    abroad, employed foreigners, paid taxes abroad and accepts only foreign cards 4
    payment. NASS oversight shd be more on foreign companies used as revenues
    collection without any commitment to Nigeria.

    • george

      Systemspecs is TINUBU VERSION of Lagos State Alpha and Beta. APC SHAME

      • Paul Young

        The contract was awarded by GEJ’s government. cant you read? didnt you see that the contract was signed in 2013? Buhari only enforced what GEJ couldnt do. It is very popular knowledge that TSA was initiated by GEJ, Buhari even says it clearly. Listen to his speech to Nigerians in saudi arabia he mentioned it that it was the former govt that initiated it. Dont be a wailer

        • Holy truth

          Paul young, why are u bothering urself responding to a person who reasons upside down. If u keep lecturing him till kingdom comes he would still be reasoning d same way, so, better ignore him & move on.

  • 9ja deserves better dan Buhari

    This is the highest level of corruption under the watchful eyes of thief Buhari–and Tinubu————ati the Apes in APC–It is sad that Buhari who claims to be as transparent as the agency which monitors corruption would-wide, is now busy padding budgets and denying ever having rats in his brain–when he submitted the budget of madness—-to the House————————If Jonathan had sneaked into the Red Senate Chambers as Buhari did to steal the budget and then blame innocent civil servants for the theft—-the entire Yoruba race from the south west would have gone after the wife of the former president as the culprit–But now that it involves the tribal marks of Fulani Buhari—-the Fulanis are all quiet-Times for Buhari to go is now—

    • Paul Young

      sorry but our Niger delta brother had his chance for 5 years and he blew it. If its a northerner that can give us the dividends of democracy then i am very happy to enjoy it. No need to waste your time on a futile campaign, Buhari is going no where

      I JUST WANT TO ENJOY THE DIVIDENDS OF DEMOCRACY

  • Paul Young

    So let me see if i understand this correctly. A NIGERIAN company helped NIGERIA recover over 2 TRILLION NAIRA that we would have never known existed and the money would have gone to the pockets of a few. And here we are complaining that this company which is born and raised in Nigeria, employs Nigerians and pays tax to Nigeria made 20 billion naira from the deal? We should even be rewarding them for a job well done. I will trade 20 billion for 2 trillion any day of the week. As far as the 20 billion stays in Nigeria i see no problems with it.

    I JUST WANT TO ENJOY THE DIVIDENDS OF DEMOCRACY

  • TrueNja

    Who owns Systemspecs? PT investigative journalists over to you.

  • TrueNja

    N25billion just to provide platform for govt agencies epayment, it is the highest fraud,