Grapevine

Reps give Edun, AGF 60-day ultimatum to automate foreign revenue collection

The Chairman of the Committee, Bamidele Salam, gave the charge on Tuesday, in Abuja at the public hearing on the status of automation of foreign currency collection in Nigeria’s foreign missions.

The automation exercise is to facilitate the control generated by foreign currencies from embassies by the Federal Government.

Addressing the committee at the hearing, Madein said that Files Solutions Limited was awarded a contract for the automation of foreign currency collection at Nigeria’s foreign missions across the globe.

She added that the contract awarded on April 28, 2021, was worth a total sum of N83.6m, apart from a commission of 1-5 per cent depending on the amount the company can collect.

She added that 90 per cent of the contract sum, amounting to N75.2m has been paid to the contractor.