The Xpress Payments Controversy: A Threat to Nigeria’s Revenue System

The Xpress Payments Controversy: A Threat to Nigeria’s Revenue System

Atiku Abubakar, former Vice President of Nigeria, has raised concerns over the Federal Government’s appointment of Xpress Payments as a collecting agent under the Treasury Single Account (TSA) framework. According to Atiku, this move is an attempt to nationalize a template that allows private intermediaries to control public revenue, undermining transparency and public accountability.

Atiku criticized the government for introducing this policy amidst a national security crisis, describing it as “governance by stealth.” He questioned the rushed process and lack of legislative input, stakeholder engagement, or National Assembly oversight. “This is not reform. This is state capture masquerading as digital innovation,” he said.

The former VP demanded the immediate suspension of the Xpress Payments appointment pending a public inquiry and full disclosure of contractual terms, beneficiaries, fee structures, and selection criteria. He emphasized the need for greater transparency in government operations, stronger institutions, and a tax system free from political capture

– Lack of transparency and accountability
– Rushed process without legislative input or stakeholder engagement
– Potential for state capture and private interests controlling public revenue
– Insensitive timing amidst national security crisis

Atiku’s statement highlights the need for Nigerians to demand greater transparency and accountability in government operations. As the country navigates its digital economy, it’s essential to ensure that policies and appointments serve the public interest rather than private interests.

What do you think about the Xpress Payments controversy? Should the government prioritize transparency and accountability in its revenue collection systems? How can Nigerians ensure that their interests are protected in the face of such policies?