SystemSpecs
TypePrivate
IndustryOnline payments
Financial services
Founded1991 (1991)
FounderJohn Obaro
Defuncta
Headquarters
Lagos
,
Nigeria
Key people
Dr Christopher Kaolade, Chairman
John Obaro, managing director
Deremi Atanda, executive director
Dr Emmanuel Eze, executive director
ProductsHumanManager
Remitaà
Paylink
ServicesPayment service provider
Payment gateway

SystemSpecs is based in Lagos, Nigeria.[1]

History

Systemspecs was founded in 1991 by John Obaro. It was then more like a business-to-business company selling software to organisations.[2] SystemSpecs started as a 5-man partner agent and Value added reseller for SunSystems, an accounting package developed by Systems Union, UK, (now Infor).[3]

The indigenous company developed HumanManager, a payroll Human Resource Management and goal management software package. This was developed with object-oriented COBOL.[4][5] Media reports indicate that it enjoyed wide market acceptability with over 200 organizations across Africa as at 2004. TheSOFTtribe of Ghana signed a partnership deal with SystemSpecs in 2006 to provide 'HumanManager' for the Ghanaian market. The agreement authorized TheSOFTtribe to become a Ghanaian partner of SystemSpecs for marketing, deployment and professional support of HumanManager.[6][7][8] HumanManager went on to become "well established within the sub-regional ICT market."[9] HumanManager was described by the Nigerian media as "Nigeria's most successful software yet" when SystemSpecs launched HumanManager 4.0 in December 2002.[10][11] The solution passed "a world-class automated Quality Assurance test" in 2004.[12]

Infor FMS SunSystems and Infor PM are other SystemSpecs products. SystemSpecs recorded another major breakthrough in software development with the creation of the financial remittance software called Remita.

Deelaa, a subsidiary of SystemSpecs was launched in 2022 as an e-ticketing and a marketplace for shopping, lifestyle, and travel. Deelaa e-commerce caters to both B2B and B2C sectors.

The Treasury Single Account Controversy

A Nigerian senator, Dino Melaye had claimed that the appointment of Remita, which he erroneously described as "an e-collection agent",[13] was a violation of section 162 (1) of the Nigerian Constitution. He claimed that the constitution only recognised a banking institution to be the collector of government funds, and that Remita was not a bank. The senator said the one per cent commission charged by SystemSpecs for all revenues collected on behalf of the government from the various ministries, departments and agencies must be returned to the account of the Central Bank of Nigeria. He estimated the amount of commission collected by SystemSpecs to be twenty-five billion naira.

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".[14] Nonetheless, SystemSpecs, as a "business decision" speedily obeyed CBN's directive that all the revenues made so far be returned pending the issue would be resolved.[15][16] The Nigerian Senate consequently ordered its committee on finance and public accounts to "commence an investigation into the use of Remita since the inception of the TSA policy.[17][18] Founder and Managing Director of SystemSpecs, developers of the Remita application, John Obaro, refuted claims that the company pocketed 25 billion Naira. Obaro explained that the one per cent commission was negotiated prior to the signing of the contract; and the one per cent commission was shared by SystemSpecs, participating commercial banks and the Central Bank of Nigeria in the ratio of 50:40:10 respectively.[19][20] PremiumTimes, an online news platform, released a report titled 'Full details of TSA: Dino Melaye misled Nigerian Senate on N25 billion claim' which cited holes in the senator's claims and allegations.[13]

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.” .[21][22][23]

References

  1. ↑ "SystemSpecs launches Remita Mobile App, unveils new Remita logo". BusinessDay. 10 March 2017.
  2. ↑ Emma Okonji (22 December 2016). "Obaro: Remita Software Has Addressed Nigeria's Financial Imbalance". ThisDay.
  3. ↑ Prof. Bamiro, O. A. (February 2007). "The Vision and Challenges of ICT Production in Africa: Software Production and Services". African Economic Research Consortium (AERC): 10.
  4. ↑ Adekunle Adekoya (27 April 2010). "Users of foreign software are signing away the future". Vanguard.
  5. ↑ Emmanuel Ogunsola (20 September 2016). "I learnt to code over 20 years ago using punch cards – Dr. Emmanuel Eze, CTO SystemSpecs". TechPoint.com.
  6. ↑ Frances Ovia (19 April 2006). "Systemspecs Partners Ghanaian Software Company". ThisDay.
  7. ↑ Remmy Nweke (26 April 2006). "SystemSpecs, Soft sign MoU on HumanManager". IT Realms.
  8. ↑ "CONTRACTS: WHO'S SELLING WHAT TO WHO?". Balancing Act.
  9. ↑ Ibrahim Olukotun (3 November 2012). "FG Plans Funding for Local Developers to Unlock Nigeria's N960B Software Sector, CommTech Minister Says". Technology Times.
  10. ↑ Tayo Ajakaiye (5 December 2002). "Systemspecs Launches Human Manager 4.0". ThisDay.
  11. ↑ "Systemspecs Launches Human Manager 4.0". Archived from the original on 2017-03-06.
  12. ↑ "HumanManager Passes World Class Quality Assurance Test". Vanguard. 2 June 2004.
  13. 1 2 Nicholas Ibekwe. "Full details of TSA: Dino Melaye misled Nigerian Senate on N25 billion claim". Premium Times. Retrieved 15 November 2015.
  14. ↑ "How Dino Melaye misled the Senate on TSA, Remita". daily post. 13 November 2015. Retrieved 21 December 2015.
  15. ↑ Salisu Idris. "TSA: We refunded N8bn REMITA charge – SystemSpecs". Today. Retrieved 10 December 2015.
  16. ↑ Gabriel Omoh. "FG's order threatens Treasury Single Account". vanguard newspaper. Retrieved 22 December 2015.
  17. ↑ "Senate Investigates Alleged Abuse Of Treasury Single Account". Channels TV. Retrieved 11 November 2015.
  18. ↑ Fredrick Nwabufo. "Melaye alleges fraud in management of TSA". The Cable. Retrieved 10 November 2015.
  19. ↑ Wale Odunsi (16 November 2015). "Remita boss, Obaro writes Buhari, explains all about TSA contract". daily post. Retrieved 19 December 2015.
  20. ↑ Babajide Komolafe. "TSA: 1% transaction charges is revenue for Remita, CBN, banks". Vanguard Newspaper. Retrieved 22 December 2015.
  21. ↑ Onodome Jakpor. "SystemSpecs: The Uncelebrated Heroes that "Averted Nigeria's Collapse"". ThisDay. Retrieved 6 August 2016.
  22. ↑ "Report of the Senate Join Committee on Finance; Banking, Insurance and Other Financial Institutions; and Public Accounts on The Abuse and Mismanagement of Treasury Single Account Regime (TSA)" (PDF). Abubakar Bukola Saraki Website.
  23. ↑ "Remita: Senate Admits Error, Says No Fraud Found In TSA Implement By SystemSpecs". Abusidiqu Blog. Retrieved 3 June 2016.
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