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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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Senator Manu donates five operational vehicles to Taraba PDP(Photos)

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…hails emergence of Bawa as state chairman

The Senator representing Taraba Central Senatorial District Senator Manu Haruna on Sunday donated five operational vehicles to Taraba Peoples Democratic Party, PDP to enhance its operations.

Manu also seized the opportunity to congratulate the state Chairman, Hon Abubakar Bawa when he visited the secretariat in Jalingo last Sunday.

The former State Deputy Governor expressed his congratulations to Chairman Bawa and the state working committee for their election, emphasizing the importance of unity and progress within the party. He commended their commitment to strengthening the People’s Democratic Party (PDP) in Taraba State.

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In a generous move to enhance the operational capacity of the party at the grassroots level, Senator Manu donated five vehicles — one for each Local Government Area (LGA) party chapter in Taraba Central.

This donation is intended to facilitate better coordination and outreach efforts within the party.

Senator Manu praised Hon. Abubakar Bawa for his dedicated efforts to elevate the PDP in the state, asserting that Taraba will always remain a stronghold for the party.

In response, State Party Chairman Alhaji Bawa expressed his heartfelt gratitude to Senator Manu for his thoughtful visit and generous donation. He acknowledged the impact of such contributions on the party’s progress and reemphasized the commitment of the PDP to serve the interests of the people in Taraba State.

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Justice Minister, Fagbemi seeks support for govt’s national law reform initiative

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By Francesca Hangeior
 

The Attorney General of the Federation and Minister of Justice, AGF, Prince Lateef Fagbemi, SAN, has canvassed for greater efforts and commitments to the Federal Government’s aspirations to produce a workable legal framework for the country.

He charged the Committee put in place by the federal government to review, revise and consolidate the Laws of the Federation of Nigeria, LFN, to double the efforts and commitments to deliver on the mandate at the appointed time.

Fagbemi, a Senior Advocate of Nigeria, spoke on Monday in Abuja at the second retreat of the Committee put in place in October last year for the laws of the federation revision and reform.

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The AGF while challenging the committee to be up and doing asked the members to remain united in purpose and steadfast in the resolve to produce a legal framework that is worthy of the nation’s aspirations.

He said the second retreat organized by the federal government was a strategic consolidation of the national law reform efforts and to provide an invaluable opportunity to come up with a better workable legal framework for the nation.

“Let me start by expressing gratitude to the Chairman, Co-Chairperson and members of the Committee for their selfless service and sacrifice, to ensure that this project is executed efficiently and effectively.

“The call to be part of this assignment is indeed a sacred that inevitably and positively affects the lives of individuals, government, businesses as well as citizens of this nation.

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“The general purpose of law is to regulate human behavior by protecting lives and properties in society. The inauguration of the Committee on the 24th October, 2024 marked a historic milestone in our collective efforts to modernize, consolidate, and harmonize Nigeria’s body of federal statutes.

“The retreat successfully provides a clear framework for the structure and methodology of the revision exercise, oriented the 14 Working Groups tasked with reviewing specific legal subject areas, and fostered collaboration among key institutions and stakeholders on the project.

“Following the initial retreat, I wish to note that the Committee has recorded steady progress in its work.

“The Ministry has taken several measures to ensure that the assignment is delivered efficiently, including:training sessions for secretaries of the working groups to enhance documentation and coordination; technical meetings of the main committee and its various sub-committees; working sessions and deliberations among editors and reviewers; and ongoing technical collation of revised laws by the Secretariat.

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“This second retreat is a strategic consolidation of our national law reform efforts and provides an invaluable opportunity to: review progress made since the first phase;
address any technical or structural challenges encountered during the collation process;
– Harmonize the output across working groups; and set the tone for the final stages of this important project.

“The next stage of the law review and consolidation process would include editing and proofreading the reviewed legislation, ahead of the final collation, production and printing of the laws of the federation.

“It is my conviction that these phases will be executed with even greater commitment by the Committee, with the support of stakeholders and development partners.

“I wish to commend the leadership of the LFN Committee, the Secretariat for its diligent coordination and day-to-day management as well as the Working Groups, Editors, and Reviewers, for their intellectual rigour and professionalism.

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“Special gratitude to our development partners, particularly RoLAC, for standing firmly behind this national project.

“Let me urge all participants to use this retreat as a platform for robust engagement, peer learning, and practical collaboration.

“We must remain united in purpose and steadfast in our resolve to produce a legal framework that is worthy of our nation’s aspirations.

” I wish to express gratitude for your commitment to duty and I charge you to work in synergy and cooperation, in the overall interest of the nation”, the AGF said.

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You must refund N300m, Rivers State tells NBA

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The Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd.), has replied to the Nigerian Bar Association regarding the reason for relocating its Annual General Conference from Port Harcourt to Enugu State.

Ibas faulted the reason cited by the NBA, describing it as misleading and uncharitable.

The Sole Administrator stated this in a statement issued in Port Harcourt on Monday by his media aide, Hector Igbikiowubo, and sent to newsmen.

He said while the NBA reserves the right to choose a venue for its conference, the association had yet to address the issue of the refund of the hosting rights paid by the state government for the conference.

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The statement partly reads, “While we respect the NBA’s right to choose its conference venues, we find it curious that the association—despite its “principled position”— didn’t address the refund of the N300 million already paid by the Rivers State Government for the hosting rights of the 2025 conference.

“If the NBA truly stands on principle, it should demonstrate the same integrity by promptly returning these funds rather than benefiting from a state it now publicly discredits.”

It added, “The attention of the Rivers State Government has been drawn to the Nigeria Bar Association’s announcement dated 10th April 2025, relocating its 2025 Annual General Conference from Port Harcourt to Enugu.

The statement partly reads, “While we respect the NBA’s right to choose its conference venues, we find it curious that the association—despite its “principled position”— didn’t address the refund of the N300 million already paid by the Rivers State Government for the hosting rights of the 2025 conference.

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“If the NBA truly stands on principle, it should demonstrate the same integrity by promptly returning these funds rather than benefiting from a state it now publicly discredits.”

It added, “The attention of the Rivers State Government has been drawn to the Nigeria Bar Association’s announcement dated 10th April 2025, relocating its 2025 Annual General Conference from Port Harcourt to Enugu.

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