Connect with us

News

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

Published

on

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.
Continue Reading
Advertisement

News

Po!n, betting sites recorded 162m Nigerian visitors in June – Report

Published

on

By

A report by global data and business intelligence platform, StatiSense, has revealed that more than 162 million Nigerians visited porn and betting websites in June 2024.

According to the platform’s most recent data, which lists the top ten websites that Nigerians saw on their mobile devices in June, a sizable percentage of this traffic visited websites with gambling and pornographic content.

A post on StatiSense’s official X page revealed that a variety of search engines, social media apps, and betting platforms were among the most popular websites.

Notably, two pornographic websites, Xvideos and Xnxx, came in second and sixth place respectively with a total of 80.18 million visits.

Advertisement

In addition, Nigerian mobile users visited sporting websites 176.83 million times. Of these, 83.1 million visits were allocated to sports betting sites Sportybet and Bet9ja, which secured third and fourth places on the list.

Google and Facebook were also among the sites that featured prominently in the report.

Continue Reading

News

Reps hail Wike, Tamuno over AICL’s improved revenue, infrastructure

Published

on

By

Members of the House of Representatives’ Committee on FCT, led by Hon. Aliyu Muktar Betara have applauded the Minister of Federal Capital Territory (FCT), Nyesom Wike over ongoing infrastructural development projects across the nation’s capital city.

The lawmakers who spoke during an interactive session with the Group Managing Director of Abuja Investment Company Limited (AICL), Dr. Maureen Tamuno applauded her ingenuity towards improved revenue generation since her assumption of office.

While presenting her scorecard and strategy adopted in the turnaround of Abuja Investment Company Limited to the Committee, Dr. Tamuno disclosed that AICL only manages the district markets, not the entire markets across the territory.

According to her, Wuse Markets is owned 90 percent by the individuals who bought the shops while AICL owns 10 percent.

Advertisement

“For example, Wuse Market is owned 90 percent by the owners, we own 10 percent. What Abuja Management does for Wuse market is to manage the facility there through the toll taking which they do collect on our behalf and then they manage the facilities, they manage the refuse collections and they also work with the market association.”

Continue Reading

News

Tinubu serious in solving economic crisis — Wike

Published

on

By

Minister of Federal Capital Territory (FCT), Nyesom Wike on Friday said President Bola Ahmed Tinubu is serious in solving the economic crisis in the country.

Wike gave the assurance during the inspection of the ongoing construction of the 7.3 kilometers Gaba/Tokulo road in Bwari Area Council.

He pleaded with Abuja residents to give the present administration the needed support to deliver the dividends of democracy.

Addressing reporters during the inspection visit, the FCT Minister expressed satisfaction with the speed and quality of work on the road project and assured that it will be adequately funded to ensure its timely completion by December this year.

Advertisement

The Minister who revealed that the project was 40 percent complete, said about 70 percent of the contractual sum has been paid to the contractor by the FCT Administration and expressed confidence in the capacity of the contractor to deliver the project within the agreed schedule.

Wike further disclosed that the Gaba/Tokulo road, when completed, will not only enhance transportation in the rural parts of the FCT, but will also improve food security in the nation’s capital by providing access to the farmlands, as well as access to the markets.

He also stressed the commitment of the FCT Administration to providing infrastructure in the FCT Area Councils, in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

Wike said: “So many people have thought that we are only concentrating in the city. Yesterday, we were in Saburi, today we are in Bwari. Tomorrow, we will be in Kuje, so that people will understand that while we are doing in the city, we are also carrying out development in the satellite towns and the rural areas because by the Renewed Hope Agenda, development is not only to be concentrated within the city but also to take to the rural areas in order to improve the economy.

Advertisement

“Here is an agrarian area; without this road, how are they going to move their goods? And this is part of the problems we have in terms of food insecurity. People are talking about shortages of food, but if we don’t have means of transportation, that is also a problem.

“We are trying to solve that problem of transportation for farmers to be able to go and bring whatever they have produced for people to consume or to buy”.

Wike, while thanking the people of Bwari for their support for the government, also reiterated that President Tinubu was committed to addressing the economic problems of the country and called for their continued support.

He said: “We thank the people of Bwari and we want to also let them know that the government of President Tinubu is serious about solving the economic crisis we have. All we urge Nigerians is just to be patient.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News