August 3, 2025

REMITA

Business Economy

Reps Direct Remita to Refund N182.77bn to Federal Government Over TSA Discrepancies

The House of Representatives has ordered leading financial technology firm, SystemSpecs Ltd—owners of the Remita platform—to remit a total of N182.77 billion back to the coffers of the Federal Government. This directive followed revelations from a forensic audit that exposed significant discrepancies in the handling of funds within the Treasury Single Account (TSA) since 2015.

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