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Monday, March 21, 2016

SystemSpecs delivered on TSA mandate – John Obaro



The Managing Director of SystemSpecs Limited, Mr. John Obaro, has declared that his team using its Remita platform has delivered on its mandate as far as Treasury Single Account (TSA) deal with the Central Bank of Nigeria (CBN) and by extension the Federal Government is concerned, reports ITRealms.

“We’re glad and proud that we have delivered,” he declared in response to the controversy surrendering the Senate intervention which claimed that subsisting 1 per cent charge on transaction was enormous.

He also said that the TSA project goes beyond revenue collections and extends to payments, accounting information exchange and update.

This is he said, in addition leverages on “full real-time integration with Government Integrated Financial Management Information System (GIFMIS), integration with the national financial services ecosystem enabling payers across multiple platforms, 24/7 user support for 50,000 FGN TSA users of Remita platform, among others.”

Electronic collections (e-collections) schemes anywhere in the world, he said, are a product of negotiations based on scope and complexity of tasks involved.

Therefore, Obaro explained that the subsisting 1 per cent charge eventually agreed by the CBN, banks and SystemSpecs at the commencement of the project was considered a good starting point which could be reviewed based on emerging realities.

“This much is a clear and integral part of our contracts with the CBN,” he said.
 
Obaro lamented that the resounding success of the TSA project has obviously attracted attention from different quarters which may include those benefiting from the old pre-TSA order, competitors who lost out in the selection process, un-informed or under-informed commentators, among others.
 
“In it all, we have always been and will remain fully committed to the full resolution of any issue surrounding the commercial component of our contract in the overall larger national interest,” he assured.

He, however, commended the Senate for its avowed commitment to preserving the national interest, the government for entrusting such a significant national IT project to an indigenous firm, and numerous Nigerians who continue to objectively analyse issues and encourage SystemSpecs, particularly during these times.
 

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Pix: Managing Director of SystemSpecs Limited, Mr. John Obaro,

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