Tag: Stamp Duties

Stamp Duty Controversy: “Only N370bn, not N89tr collected as revenue in 6 years” – Emefiele

Aminu Imam

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…

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36 States urge FG to refund N176bn stamp duty fees

Aminu Imam

The tax war between the Federal Government and some States has taken a new twist, as 36 States of the federation, through their Attorneys-General, have dragged the Federal Government to the Supreme Court over alleged failure to remit funds generated from stamp duties into their respective accounts. The State governments have demanded that the Federal Government refund over N176 billion stamp duty proceeds received into its coffers between 2015 and 2020. According to a suit filed before the Supreme Court on Thursday, the attorneys representing the 36 State governments asked…

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NIPOST, FIRS lock horns over stamp duties charge

Ishaku Yohanna

The Federal Inland Revenue Service (FIRS) has denied depriving the Nigeria Postal Service (NIPOST), of discharging its duties. This was disclosed in a statement signed by the agencys spokesperson, Abdullahi Ahmad, on Tuesday. The chairman of the NIPOST, Maimuna Abubakar, in a series of tweets, accused the FIRS of stealing the mandate of NIPOST. She said the FIRS, responsible for assessing, collecting and accounting for tax accruing to the Federal Government, had begun printing stamps. Ms Abubakar called on Nigerians to ensure that NIPOST gets justice. NIPOST is a government…

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