The House of Representatives Public Accounts Committee (PAC) has resolved to sanction Ministries, Departments, and Agencies (MDAs) of government over violation of the Treasury Single Account (TSA).

PAC also summoned the Governor of Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, Minister of Finance, Wale Edun, and representatives from the Office of the Accountant-General of the Federation, to appear before it on Feb. 20.

The Chairman of the Committee, Rep. Bamidele Salam, said this at the resumed hearing of the committee in Abuja, stressing that it is investigating alleged leakages and non-remittance of TSA revenue generated through Remita.

In a similar development, the Managing Director of Remita Payment Service Ltd (RPSL), Mr Deremi Atanda, clarified that Remita did not manage government revenue but acts as a software and payment gateway.

Atanda debunked the one per cent fee charged for processing TSA, adding that the applicable fee for processing TSA payments was N150 with VAT.

He said this was according to CBN circulars of November 2018 and December 2020.