The Senate on Wednesday urged the Central Bank of Nigeria (CBN) and Ministry of Finance to suspend lodgments into the Treasury Single Account (TSA) to allow investigation of alleged fraud in the system.
The upper chamber had in a motion moved by Senator Dino Melaye (APC Kogi West) raised alarm over alleged payment of N25 billion to one e-collection firm, REMITA, in one day as one per cent of monies transferred.
It resolved that suspension of payment into the TSA would ensure that no further money was taken by the company in the event that the allegations were found to be true.
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