Business TSA: Nigeria Senate Orders CBN to Terminate Contract with SystemSpec

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LequteMan

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The Nigerian Senate has directed the Central Bank of Nigeria (CBN) to immediately terminate the 2013 renewal contract with SystemSpecs as regards the Treasury Single Account (TSA).

The Red Chamber is also asking the apex bank not to honour the one per cent charge provided in the contract.

The senate issued these directives after considering a report on the alleged abuse of the Treasury Single Account by the firm.
 

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