News

STAMP DUTY: Facts Nigerians need to have

Ihesiulo Grace 22 December 2022 0

President Muhammadu Buhari came into office in 2015 to find that a law, which stipulated for the collection of a token on banking transactions existed but was not being correctly implemented. This anomaly arose because certain characters apparently formed a cartel with collaborators in the

News

Disregard NIPOST on stamp duty, FIRS implores Nigerians

Ihesiulo Grace 6 August 2020 0

Federal Inland Revenue Service (FIRS) has issued a statement through its Director of Communication and Liason, Abdullahi Ismaila Ahmad, following the faceoff between it and Nigerian Postal Service (NIPOST). It warned Nigerians to be wary of any stamp duty-related operations with NIPOST, Daily Times gathered. Abdullahi said:“The attention of the Federal Inland Revenue

News

N66bn generated as stamp duty revenue since January – FIRS

Ihesiulo Grace 1 July 2020 0

A total of N66 billion has been generated as stamp duty revenue by the Federal Government between January and June 2020. The Chairman of the Federal Inland Revenue Services, Muhammad Nami, disclosed this during the inauguration of the inter-ministerial committee on audit and recovery of back years stamp duties. Mr Nami while giving a breakdown […]

Politics

Senate mandates committee to investigate unremitted stamp duty fund

Ihesiulo Grace 10 December 2019 0

The Senate on Tuesday at the plenary mandated its Committee on Finance to investigate the issue of more than N20 trillion unremitted Stamp Duties fund due to the Federal Government from banks and other financial institutions. The Senate said that the non-remittance from the financial institutions was through the Nigeria Inter -Bank Settlement Systems (NIBSS), […]

Anambra Times News

ANSG to begin operation stamp duty regime

Ihesiulo Grace 11 November 2019 0

Anambra State Government is to begin operation Stamp Duty regime as part of state’s effort at diversifying the economy in order to boost Internally Generated Revenue (IGR). According to the state government, the state is exploring revenue opportunities available to it without fleecing the citizenry. It was in recognition of this that Governor Willie Obiano […]