The controversies trailing the implementation of the Treasury Single Account, TSA, came to a head on Wednesday, as the Senate directed the Central Bank of Nigeria (CBN) to terminate forthwith the 2013 e-payment contract renewal with SystemSpecs.
The Senate also ordered the CBN to disregard the one per cent charge provided in the contract agreement with SystemSpecs.
The Senate made the order in line with the 11- point recommendations made by its Joint Committee on Finance, Banking, Insurance and other Financial Institutions and Public Accounts.
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