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REMITA: Reps Query Four Banks Over Non Remittance Of N11.6trn

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By Gloria Ikibah
The House of Representatives has queried four Commercial Banks for over N11.632 trillion revenue collected on behalf of the Federal Government through REMITA platform between 2015 and 2022 fiscal years.
Naijablitznews.com reports that the four banks that appeared before the Committee are, Access Bank, Citi Bank, Ecobank and Fidelity Bank.
This was at the resumed investigative hearing on the “Alleged revenue leakages through REMITA platform and non-compliance substantively with standard operating procedure and other allied service agreement’, organised by the House Committee on Public Accounts, chaired by Hon. Bamidele Salam.
The Chairman demanded for all the agreements signed between all the participating domestic banks and Systemspec/REMITA during the period under review.
According to the records, Access Bank collected total sum of N2.661 trillion for 3,502,486 transactions between 2015 and 2022.
Access Bank record submitted to the Committee, total sum of N2,660,974,062,151.62 revenue was collected for the period under review while the sum of N858,734,455.99 fee was earned for the service rendered.
On its part, Citi Bank collected the sum of N643,427,225,110.96 between 2016 and 2022.
According to Citi Bank record submitted to the Committee, the sum of N2,435,932.34 fee was earned for total of N34,656,636,415.24 transactions carried out in 2016, while N9,134,312.05 fee earned for total of N61,023,589,404.01 transaction carried out in 2018.
The bank however failed to disclose the fees earned for 2017, 2019, 2020, 2021 and 2022 fiscal years, respectively.
Records further showed that Ecobank collected the sum of N1,480,576,309.08 from 1,557,487 transactions carried out between 2015 and 2022.
From the amount, Ecobank earned the sum of N253,848,598.05 fees for the period under review.
Available records on the transactions carried out by Fidelity Bank showed that the sum of N6.847 trillion was collected on behalf of Federal Government in 11,696,547 transactions carried out between 2015 to 2022.
From the transactions carried out, the bank generated N789,294,408.86 fee for the period under consideration.
Addressing the banks’ Representatives, the lawmakers requested for all the agreements signed by the Banks with Systemspec/REMITA to collect the revenue on behalf of Federal Government for the period under review.
The lawmakers also demanded for breakdown of Value Added Tax (VAT) and Withholding Tax (WHT) collected within the period and evidence of payment into relevant government coffers.
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Stone Age lost Atlantis about 8,500 years discovered beneath the waters of Denmark

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By Ojomah Austin.

 

The mystery of Atlantis has created a city-sized gap in our grasp of history, with archaeologists searching the oceans for any trace of this submerged civilisation.

A prominent theory suggests that Atlantis never actually existed. Nevertheless, as we’re now aware, the notion of a coastal settlement being consumed by the ocean is entirely plausible.

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Subsequently, archaeologists in Europe believed they’d discovered the missing piece of the puzzle. You wouldn’t necessarily expect Denmark to be the maritime location of an exotic lost metropolis from ancient times, yet this is precisely where archaeologists unearthed the most compelling proof of Atlantis, according to Global News.

“Europe’s Atlantis”, stretching back to the Stone Age, was discovered beneath the waters of Denmark’s Bay of Aarhus. Researchers unearthed numerous artefacts that paint a picture of a civilised community that inhabited the area nearly 8,500 years ago.

These included stone implements, arrowheads, animal remains, and even fragments of timber that appeared to be rudimentary tools.

Researchers plunged 26 feet beneath the surface of Denmark’s second-largest city, employing specialised suction apparatus, to retrieve the remains of Europe’s Atlantis.

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The location dates back to the conclusion of the last Ice Age, when climbing sea levels submerged entire coastal communities, forcing Stone Age hunter-gatherer societies inland.

Because the artefacts have remained underwater for millennia, they are significantly better preserved than they would be inland. “What we actually tried to find out here is how life was at a coastal settlement 8,500 years ago,” archaeologist Peter Moe said.

He added: “Here, we actually have an old coastline. We have a settlement that was positioned directly at the coastline. What we actually try to find out here is how was life at a coastal settlement.

“It’s like a time capsule. When sea level rose, everything was preserved in an oxygen-free environment … time just stops. We find completely well-preserved wood. We find hazelnut. … Everything is well preserved.

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“We can say very precisely when these trees died at the coastlines,” Moesgaard Museum dendrochronologist Jonas Ogdal Jensen, according to Fortune.

 

The specialist explained how this remarkable find has shed considerable light on how sea levels have shifted throughout history.

Stone Age lost Atlantis found is Denmark

He said: “It’s hard to answer exactly what it meant to people,” Moe Astrup said. “But it clearly had a huge impact in the long run because it completely changed the landscape.”

Researchers are keen to press ahead with investigations at a further site off the German coastline, with ambitions to examine locations in the notoriously unforgiving North Sea also in the pipeline.

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Yet this is not the first occasion archaeologists have drawn comparisons between a site and Atlantis. Doggerland was a landmass that once extended between Britain, Denmark, and the Netherlands, linking the corners of Europe.

In 1931, evidence of this lost territory began to emerge after a Dutch fishing vessel retrieved artefacts from the seabed. A portrait of a hunter-gatherer community thousands of years old began to take shape. Yet, some 8,200 years ago, rising sea levels and a catastrophic tsunami ultimately swallowed this civilisation whole.

A colossal underwater landslide set off a chain of unstoppable natural disasters that plunged the landmass beneath the waves. Today, all that remains of this lost world lies buried under the North Sea.

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Amnesty International condemns attack on Abuja protesters as Sowore lands in hospital

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By Kayode Sanni-Arewa

Condemns his alleged “deliberate targeting”

Amnesty International has condemned what it described as a “reckless attack on peaceful protesters” during a Democracy Day demonstration in Abuja, where activist and African Action Congress 2027 presidential candidate, Omoyele Sowore, reportedly collapsed after security operatives allegedly fired teargas.

In a statement released on Friday, the rights organisation said Sowore was “subsequently taken to a hospital” following the incident at Unity Fountain, Abuja, and called for an immediate investigation into what it described as his “deliberate targeting.”

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The Nigerian authorities are clearly using violence to crack down on human rights, including the rights to freedom of expression and peaceful assembly,” the statement said.

Amnesty International also warned that targeting activists for participating in peaceful demonstrations amounted to unlawful conduct and a breach of fundamental rights.

“Such targeting of activists solely for exercising freedom of assembly is unlawful and shows utter disregard for the rule of law,” it said.

The organisation further accused the authorities of failing to demonstrate commitment to constitutional and international human rights obligations, alleging a continued crackdown on civic freedoms under President Bola Tinubu’s administration.

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Sowore’s collapse reportedly occurred during a protest in Abuja where security operatives allegedly dispersed demonstrators with teargas in front of the Force Headquarters.

Videos shared online showed him on the ground amid confusion as protesters attempted to assist him.

The protest was part of a nationwide mobilisation by a coalition of civic groups, labour activists, youth organisations and social movements, which had declared June 12 a day of mass action over insecurity, economic hardship and worsening living conditions. (Text, excluding headline:

(The PUNCH)

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Falana, Falz lead protest over kidnappings, hardship

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By Kayode Sanni-Arewa

Activist lawyer, Mr Femi Falana (SAN), his son – afrobeats singer, Mr Folarin Falana, popularly known as Falz, alongside civil society organisations, youth groups, among others, on Friday staged a protest in Lagos.

They demanded urgent action to address worsening insecurity and economic hardship in the country.

The protest came as Nigeria marked Democracy Day, set aside in remembrance of the June 12, 1993 presidential election, widely acclaimed to have been won by late Chief MKO Abiola.

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The election, though regarded as the freest and fairest in the nation’s history, was annuled by the then military government.

Chanting, the protesters converged on the Ikeja Under Bridge, carrying placards with inscriptions such as “No Democracy Without Security,” End Bad Governance,” and “End Insecurity and Kidnapping.”

Others include, “End Hunger,” “Free All Captives Now,”End all anti-people policies now,”

The demonstration was aimed at drawing attention to rising insecurity, economic hardship and policies affecting ordinary Nigerians.

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Speaking during the protest, Falana called for the immediate release of abducted pupils and teachers in Oyo State, expressing concern over their welfare in captivity.

According to him, the protest is not only about demanding the rescue of the abducted victims but also about highlighting broader issues of injustice, insecurity and poverty confronting Nigerians.

“We are protesting the kidnapping of our children in Oyo State. We are also protesting injustice in our country, a situation whereby innocent school children in Oyo and Borno states have been in the custody of criminals for several weeks now.

“We are also protesting injustice meted out to young people who are regularly arrested on the highways by the police.

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“We are protesting hunger and poverty in the land, and we are calling on the government to address these challenges,” he said.

Falana, a human rights advocate, lamented the condition of the abducted children and teachers, and regretted the killing of one of the latter.

He called on the authorities to intensify efforts to secure the release of the remaining victims.

Also addressing the protesters, Falz bemoaned what he described as worsening insecurity and economic hardship across the country.

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The entertainer and activist said Nigeria was grappling with increasing cases of kidnappings and killings, urging the government to do more in its responsibility of protecting the citizens.

“Everybody can see the worsening insecurity. It is becoming unbearable,” he said.

Falz cited recent abductions in different parts of the country, including the kidnapping of students and the abduction of a relative of a former minister in Oyo State.

“Every Nigerian life matters and must be protected at all costs,” he stated.

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He said that the repeated abduction of students had heightened public frustration and anxiety.

Also speaking, human rights activist, Mr Olumide Ogunsanwo, popularly known as Seaking, called for stronger government action to tackle insecurity across the country.

He said Nigerians were demanding better governance and an end to the growing wave of killings, kidnappings and other violent crimes.

“We say no to insecurity. Insecurity has to end,” he said.

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Ogunsanwo urged the Federal Government to intensify efforts against bandits, insisting that decisive action, rather than rhetoric, was needed to end the insecurity.

Security operatives maintained presence around the protest venue and monitored activities throughout the demonstration.

(NAN)

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