Finance
SystemSpecs launches Remita SME Suite, to assist businesses grow
Small and Medium-sized Enterprises (SMEs) across Nigeria, regardless of their structure or location, can now easily manage the most essential aspects of their business, ranging from funds collection to payments and payroll in a more convenient, data-driven and organised manner by accessing the Remita SME Suite.
Remita SME Suite helps enterprises to reach immediate and larger markets; get paid easily for goods and services through multiple channels, including bank branches nationwide, electronic banking, debit/credit cards and mobile wallets; boost profit margins; seamlessly manage employee affairs; keep organisational and transactional records; and ultimately access SME loans.
Speaking on the purpose of the service which straddles Remita’s payment, funds collection and payroll capabilities, the Managing Director of SystemSpecs, Mr. John Obaro, said: “The Remita SME Suite would assist SMEs to grow and innovate in a sustainable and profitable way, which would not only drastically turn around the user SME for good but also position them to add greater value to the Nigerian economy.”
“With this service, more businesses would be able to scale to the next level and extend their frontiers of operation while also making profit. By so doing, they would be able to contribute even more to the advancement of our collective lot.”
Available for signup on the Remita website, SMEs in any part of Nigeria would be able to receive funds from customers everywhere at any time of day, make payments from any bank account to vendors and suppliers without stress, and manage payroll end-to-end – all on the same platform, at an affordable cost.
Owing to their adoption of this service, forward-thinking small and medium-scale enterprises will position to attract opportunities for business expansion.
Speaking on the technology that drives the service, SystemSpecs’ Executive Director and Chief Technology Officer, Dr. Emmanuel Eze said: “Based on several years of excellence, Remita continues to facilitate the transformation of the finances of thousands of businesses across Africa, managing their payment, collection and payroll processes in an integrated manner.”
“Remita is intuitive, user-friendly and deliberately built to suit the expectations of small and medium-sized businesses. It is targeted at meeting their needs just the way they want it.”
In addition to other benefits, SMEs would have access to comprehensive reporting and reconciliation of all transactions, automated electronic processes, reachable financial data, and guaranteed growth.
Launched in 2005, Remita is a top-notch financial technology solution that has been tested and trusted by individuals, businesses of all sizes, and governments at all levels, in and outside Nigeria for the management of their payments, billing, collection and payroll management systems.
Finance
AISA Has Refunded The Fees Paid By Yahaya Bello To EFCC
The Economic and Financial Crimes Commission (EFCC) says the American International School Abuja (AISA) has refunded the fees paid by the immediate past governor of Kogi state, Yahaya Bello, for his children attending the school.
In response to a letter addressed to the Lagos zonal commander of the EFCC, the school said $845,852 was paid in tuition “since the 7th of September 2021 to date”.
AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.
“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family.
Since the 7th September 2021 to date, $845,852.84 (Eight Hundred and Forty-Five Thousand, Eight Hundred and Fifty Two US Dollars and eighty four cents) in tuition and other fees has been deposited into our Bank account.
We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84. (Seven Hundred and Sixty Thousand, Nine Hundred and Ten US Dollars and Eighty Four cents).
No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”
In a chat with The Cable, the spokesperson of the EFCC, Dele Oyewale, confirmed that the school has refunded the money.
‘’The money has been paid into public account,” Dele Oyewale was quoted as saying
Finance
Godwin Emefiele Disobeyed Direction Of Law With Intent To Harm The Public, He Printed ₦684.5M Using ₦18.9B Says EFCC in fresh charge
The Economic and Financial Crimes Commission has filed a fresh charge at the High Court of the Federal Capital Territory against the embattled former governor of the Central Bank of Nigeria, Godwin Emefiele.
EFCC in the charge accused Emefiele of approving the printing of N684,590,000 at the rate of N18.96 billion.
EFCC also alleged that Emefiele broke the law with intent to harm the public during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.
The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.
EFCC’s top prosecutor, Rotimi Oyedepo, SAN revealed that Emefiele will be arraigned on a new four-count charge before Justice Hamza Muazu
Counts one to four of the charge, read,
“STATEMENT OF OFFENCE: Public Servant disobeying direction of law with intent to cause injury to the public contrary to and punishable under Section 123 of the Penal Code Law, Cap. 89 Laws of the Federation, 1990.
“PARTICULARS OF THE OFFENCE: That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”
This and three other charges were stated against him. They read;
“COUNT 2: “That you, GODWIN IFEANYI EMEFIELE, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.
“COUNT 3: “That you GODWIN IFEANYI EMEFIELE between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.”
“COUNT 4: “That you, GODWIN IFEANYI EMEFIELE, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”
Finance
Immigration Office Place Ex Governor, Yahaya Bello On Watchlist While IG Of Police Withdraws All Police Officers Attached To Him
The Inspector General of Police, Olukayode Egbetokun, has withdrawn all police officers attached to the embattled former Governor of Kogi State, Yahaya Bello.
The order for the withdrawal was contained in a police wireless message. The document with reference number:
“CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 reads in part;“IG has ordered the withdrawal of all policemen attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello. Acknowledge compliance and treat with utmost importance.
Please, above, for your information and strict compliance.”
Meanwhile, the Nigerian Immigration Service has placed the former governor on its watchlist.
This comes after the Economic and Financial Crimes Commission on Thursday, April 18, declared him wanted in connection to an alleged case of money laundering to the tune of N80.2bn.
In a circular signed by an Assistant Comptroller of Immigration, DS Umar, for the Comptroller-General, Kemi Nandap, the NIS detailed the former governor’s name, nationality, and passport number.
And read;
“I am directed to inform you that the above-named person has been placed on the watch list.
Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for conspiracy, breach of trust, and money laundering vide letter Ref; CR; 3000/EFCC/LS/EGCS.1/ TE/Vide/1/279 dated April 18, 2024.
If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation or contact 08036226329/07039617304 for further action.” the circular reads in part.
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