Reps discovers leakages in TSA, trillions of funds unaccounted for

`The House of Representatives on Wednesday discovered leakages in the Remita technology which provides documentation for the Treasury Single Account (TSA) operated by the Federal Government.

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The House, in a motion moved by Jeremiah Umaru of the All Progressives Congress (APC), representing Akwanga/Nasarawa Egon/Wamba) in the National Assembly, discovered that trillions of naira had been deposited through the Remita platform, and were unaccounted for because of the proliferation of sub-accounts by the Central Bank of Nigeria (CBN).

The lawmakers, therefore, sought reforms of the TSA process.