Firm lauds Senate for preserving national interest

THE SystemSpecs has said that the Senate’s amicable settlement of the dispute it had with it has vindicated it, especially against the backdrop of its over 24years distinguished track record in the field of indigenous software development.
The disagreement between SystemSpecs and the Senate Committee on Finance and Public Account was over the operation of the Federal Government’s Treasury Single Account (TSA).

In a statement sent to The Guardian by the Managing Director of eMaginations, Sola Fanawopo, media consultant to SystemSpecs, the organization said it is fulfilling to note that the Senate report did not accuse Remita of under-delivering on the substance of the contract.

SystemSpecs stated that the disagreement has only been on the commercial terms of contract, adding that this justified the Senate Committee’s recommendation that SystemSpec’s efforts be rewarded.

SytemSpecs, the operators of ‘Remita’ platform for transfer of funds into the TSA, disclosed that the company is guided by sound ethical principles noting that this has attracted indigenous public, private sector organisations and individuals to patronise the firm over the years.

“TSA project goes beyond revenue collections; it extends into payments, accounting information exchange and update, full real-time integration with Government Integrated Financial Management Information System (GIFMIS), integration with the national financial services ecosystem, enabling payers across multiple platforms and 24/7 user support for 50,000 TSA users of Remita platform.”

The organization observed that the 1% charge agreed by the Central Bank of Nigeria and the company at the beginning of the project could be reviewed based on emerging realities. It thanked the Senate for its commitments towards preserving the national interest and the government for entrusting a significant national I.T project to an indigenous firm.