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Suspicion dogs TSA contract award to SystemSpecs


Executive Director, Systemspecs, Deremi Atanda

United Global ResolveFor Peace (UGRFP) has alleged impunity and by-passing of due process in awarding the TreasurySingle Account (TSA) contract to a private company, SystemSpecs, by the Central Bank of Nigeria (CBN).

It also asked why a government-contracted a service provider without clear terms, as all the agencies that were supposed to be involved in relying on the Freedom of information (FoI) Act.

Olaseni further alleged that the director of TSA, on behalf of the OAGF, had categorically stated that it had nothing to do with the award of the TSA contract to SystemSpecs, that the CBN was responsible for the deal.


He noted that the BPPhad in a letter dated July 15, 2019, in reply to the group’s query dated June 13, 2019, dissociated from

Suspicion dogs TSA contract award to SystemSpecsthe procurement process leading to the awarding of the contract to SystemSpecs.

The executive director maintained that the OAGF, through the TSA department, had re-directed the group to the CBN, emphatically stating that the apex bank procuredSystemSpecs and was an inbetter position to provide documentation of the procurement processes.

“We once again asked to see the documentation that outlines the terms of a contract between it and SystemSpecs and proof that due process was followed in its choice of systemspecs to act on behalf of the federal government in the TSA policy.
“This recent hand-washing reply from the BPPleads to the worrisome conclusion that the TSA programme might have been awarded without due recourse to relevant authorities nor compliance with statutory laws as enshrined in the PublicProcurement Act (PPA) 2007.

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