In a letter titled "Commencement of Federal Government independent revenue collection under the Treasury Single Account (TSA) initiative" addressed to the press, the Central Bank of Nigeria refuted the senator's claims, describing them as "misleading" [REF].
The Joint Senate investigative committee also absolved SystemSpecs of any wrongdoing as "the committee could not ascertain the deduction/collection of twenty-five billion Naira (N25 billion) by SystemSpecs as 1% fee charged for the use of its Remita platform within the period under investigation."