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Reps Inquiry Access Bank, Others Over N11.632 trn FG Revenue Collected

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Reps Inquiry Access Bank, Others Over N11.632 trn FG Revenue Collected—-The House of Representatives has queried Access Bank, Citi Bank, Ecobank and Fidelity Bank over N11.632 trillion revenue collected on behalf of Federal Government through REMITA platform between 2015 and 2022 fiscal years.

Rep. Bamidele Salam, Chairman, House Committee on Public Accounts, issued the query at the resumed investigative hearing on ‘alleged revenue leakages through REMITA platform in Abuja.

The investigation also covered non-compliance with standard operating procedure and other allied service agreement.

The committee demanded for all the agreements signed between all the participating domestic banks and Systemspec/REMITA during the period under review .

According to the records obtained by the News Agency of Nigeria (NAN) Access Bank collected total sum of N2.661 trillion for 3,502,486 transactions between 2015 and 2022.

According to Access Bank record submitted to the Committee, a total sum of N2,660,974,062,151.62 revenue was collected for the period under review.

Also, the sum of N858,734,455.99 fee was earned for the service rendered.

On its part, Citi Bank collected the sum of N643,427,225,110.96 between 2016 and 2022.

According to Citi Bank record submitted to the Committee, the sum of N2,435,932.34 fee was earned for total of N34,656,636,415.24 transactions carried out in 2016.

Also, N9,134,312.05 fee earned for total of N61,023,589,404.01 transaction carried out in 2018.

The bank however, failed to disclose the fees earned for 2017, 2019, 2020, 2021 and 2022 fiscal years, respectively.

Records further showed that Ecobank collected the sum of N1,480,576,309.08 from 1,557,487 transactions carried out between 2015 and 2022.

From the amount, Ecobank earned the sum of N253,848,598.05 fees in the period under review.

Available records on the transactions carried out by Fidelity Bank showed that the sum of N6.847 trillion was collected on behalf of Federal Government in 11,696,547 transactions carried out between 2015 to 2022.

From the transactions carried out, the bank generated N789,294,408.86 fee for the period under consideration.

Addressing the banks’ Representatives, the committee requested for all the agreements signed by the Banks with Systemspec/REMITA to collect the revenue on behalf of Federal Government for the period under review.

The lawmakers also demanded for breakdown of Value Added Tax (VAT) and Withholding Tax (WHT) collected within the period and evidence of payment into relevant government coffers.

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Lagos 2027: Governor Sanwo-Olu Endorses Obafemi Hamzat as APC Aspirant

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Lagos 2027: Governor Sanwo-Olu Endorses Obafemi Hamzat as APC Aspirant—-Lagos State Governor, Babajide Sanwo-Olu, has thrown his weight behind his deputy, Obafemi Hamzat, as his preferred successor for the 2027 governorship election—an early move that is already stirring quiet conversations within the ruling All Progressives Congress (APC).

The endorsement did not come in the open. Instead, it followed a closed-door meeting at Lagos House, Marina, where Hamzat reportedly informed key stakeholders of his intention to run. Present at the gathering were members of the State Executive Council, party leaders, and influential figures within the Governor’s Advisory Council.

Among those in attendance were former Minister of State for Defence, Musiliu Obanikoro, and former senator Ganiyu Solomon—names that signal the weight of the political bloc involved in the discussions.

Speaking afterwards, Sanwo-Olu described the decision as “unanimous,” framing it as a consensus among party stakeholders. But the speed and timing of the endorsement—well ahead of party primaries—have raised eyebrows about how firmly the succession plan may already be taking shape behind the scenes.

“We just received Mr Deputy… to inform us of his intention,” the governor said, adding that those present agreed he is “fit and well-prepared” for the role.

Sanwo-Olu leaned heavily on Hamzat’s track record and their long-standing working relationship, portraying him as a loyal and capable hand ready to take over. He went further, suggesting that Hamzat has effectively been groomed for the position from the outset.

“This is a deputy governor that is worth a governor from day one,” he said.

In a remark that may further fuel speculation, the governor also referenced President Bola Tinubu’s enduring influence in Lagos politics, hinting that the current development could be part of a longer-term political vision.

Observers note that describing the gathering as a “family meeting” may reflect the tightly knit nature of decision-making within the state’s political structure—where major alignments are often settled before they reach the public stage.

While Hamzat has long been regarded as a key player in Lagos politics, the early endorsement positions him more clearly at the centre of succession discussions, even before a formal campaign has begun.

With more than a year to go before party primaries, the move is already reshaping conversations within the APC, where control of Lagos—Nigeria’s commercial nerve centre—remains one of the most strategic political prizes.

Whether this early alignment holds or faces internal pushback in the months ahead is a question many party watchers are now quietly asking

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2027 Elections: Atiku Abubakar Backs Consensus Candidate for African Democratic Congress, Keeps Primaries as Option

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2027 Elections: Atiku Abubakar Backs Consensus Candidate for African Democratic Congress, Keeps Primaries as Option—-Former Vice President Atiku Abubakar says the African Democratic Congress (ADC) will prioritise a consensus approach in selecting its presidential candidate for the 2027 general elections, but may conduct primaries if internal talks fail.

Speaking on a prime-time programme on Arise TV, Atiku explained that party leaders are working to avoid internal disputes by rallying around a single candidate through dialogue and agreement.

He expressed confidence that stakeholders would reach a common ground, noting that experienced politicians within the party understand the importance of unity.

According to him, the ADC is focused on strengthening Nigeria’s democracy, with members committed to managing differences without causing division.

Atiku also reiterated his willingness to support whoever emerges as the party’s flagbearer, regardless of the selection method.

He further stated that he is open to stepping aside for any aspirant, including Peter Obi, if they emerge as the preferred choice, emphasizing that unity within the party remains the top priority ahead of the 2027 elections.

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