Atiku’s Intels in trouble, given 24 hour ultimatum to remit revenue to TSA

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The House of Representatives on Wednesday berated Intels Nigeria Limited for undermining the Treasury Single Account (TSA) by failing to remit the Federal Government’s revenue in the past 24 months.
Intels was alleged to have refused to pay into TSA government share of pilotage service contract it carried out on behalf of the Nigerian Ports Authority (NPA) for two years.

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Consequently, Intels was mandated to provide full details of the amount owed federal government within 24 hours.
The lawmakers described the company’s action as unacceptable and have directed its management to immediately remit the multi-million dollar revenue accrued from pilotage service contract into the TSA.
The House ad hoc Committee probing non-compliance with the TSA also directed Intels to pay interests accrued on the fund since November 2016 without further delay. © December 13, 2017

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