SENATE ORDERS CANCELLATION OF CBN/SYSTEM SPEC CONTRACT

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The Senate has been considering the report by the Joint Committee on Finance, Public Accounts and Banking, Insurance and other institutions on the treasury single account collection method.
One the prayers of the committee is the cancellation of the 2013 contract renewal between the Central Bank of Nigeria and system spec which has been collecting a percentage of Nigerian workers salary in a special account with the CBN and is also asking the CBN to sanitise its contract award methods

Giving statistics of the amount so far deducted, the committee is urging the federal government to immediately halt further deductions.

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