Reps Raise Alarm Over Trillions Unaccounted For

The House of Representatives on Wednesday raised the alarm over the Remita platform through which the Treasury Single Account of the Federal Government is operated.

Through a motion by Jeremiah Umaru (APC; Akwanga/Nasarawa Egon/Wamba), the lower chamber said trillions of naira had been passed through the Remita platform and that the funds were unaccounted for due to the proliferation of sub-accounts by the Central Bank of Nigeria (CBN).

The house is worried that if this is not addressed, the country will continue to lose revenue.