Press Release from ITSSP ( Infotech Security Group of Nigeria Computer Society)
The report of Senate Joint Committee on Finance, Banking, Insurance and other Financial Institutions and Public Accounts on the abuse and mismanagement of Treasury Single Account Regime (TSA). Our urgent reaction:
1. Nigeria Computer Society was an observer in the public hearing and indeed we submitted memorandum after the public hearing as demanded by the Committee.
2. CBN Governor, OAGF (Office of Accountant General of the Federation) and Committee members commended the package REMITA for coming to support TSA when it was needed most.
3. CBN Governor and OAGF confirmed that the payable charges as N7.8 Billion as at time of the Senate sitting and not N25 Billion as earlier speculated.
4. Calling for the termination of the contract at this period is not right, which is being interpreted as stoppage of the TSA operation.
5. The REMITA on TSA Operation and its intellectual property should be encouraged and promoted to other countries to earn Nigeria Foreign Exchange.
6. The termination of the contract will derail the TSA operation; it undermines the anti corruption stance of the current National Government, discourages local IT innovation and kills the local content initiative of the FG.
7. The review as related to the chargeable cost should not be done retroactively as this discourages local IT innovation and empowerment since the contract offers future renegotiation opportunities.
8. Professional charges as derived through the Computer Professional Registration Council of Nigeria (CPN) Act of 1993 as gazetted was never considered in arriving at the Committee’s costing and review of charges of REMITA per transaction. Whereas, REMITA is more than e-transfer and e-payment.
9. This is our stand as regards this indigenous software product of our own nation. That the contract should not be terminated but allowed to stay as one of the IT Products required to enhance good Government service delivery and Transparency.
10. Systemspecs is our own Microsoft in the making.
Rogba Adeoye, ITSSP (Information Technology Systems and Security Professionals)