Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, says the total revenue collected as stamp duty in six years between 2016 and 2022 is N370,686 billion.
Recall that a House of Representatives member representing Kazaure, Roni, Gwiwa, Yankwashi, of Jigawa State, Muhammed Gudaji Kazaure, had in 2022 raised an alarm over alleged theft of stamp duty proceeds running into N89 trillion.
Emefiele, however, made his declaration of N370,686 billion yesterday in Abuja, after the Monetary Policy Committee (MPC) meeting, and stressed that the CBN was not withholding any N89 trillion.
Total Assets of all banks is N71 trillion; total Deposit in banks is N44 trillion. From 2016 till date, Stamp Duties collection has amounted to N370,686 billion.
The Federal Inland Revenue Service (FIRS) has disbursed N226.451 billion of the money to the Federation Account Allocation Committee, (FAAC), while the balance of N144,235 is in the CBN.
The highest collection of the Stamp Duty is N71 billion, collected by First Bank”, Emefiele further explained.
He added that the CBN had appointed four world-class audit firms to go into the books of banks to verify if there was any unremitted Stamp Duty.
If there is any uncollected stamp duty, the banks will pay to the last kobo”, he assured.
