The Federal Inland Revenue Service (FIRS) on Tuesday announced that it has been generating N3 billion revenue weekly as stamp duty charge from Deposit Money Banks (DMBs) since May 2020. Muhammad Nami, Executive Chairman of the FIRS, told the House of Representatives Committee on finance in Abuja that the Service was able to generate revenue from a single stream of stamp duty charges from Deposit Money Banks, DMBs as it had deployed new technology to track and capture such revenue into the federation account. FIRS had deployed the Application Programming…
Read MoreStamp Duty Collection: FIRS says it generates N3bn weekly, as NIPOST insists on its share of proceeds from 2016 to 2020
