We are Probing N89trn Stamp Duty Allegation - Emefiele   The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has described as potentially misleading the viral allegation that a whooping sum of 89 trillion naira has been collected and misappropriated as stamp duty by federal government...

NIPOST, FIRS War Escalates Over Stamp Duty Collection     The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of stamp duty collection worsened on Tuesday. Director Communication and Liaison FIRS, Abdullahi Ismaila Ahmad, in a statement vowed the...

NIPOST Tackles FIRS Over Stamp Duty Collection   The Nigerian Postal Service has again tackled the Federal Inland Revenue Service over who has the exclusive right to Stamp Duty collection. Both agencies have been laying claims to Stamp Duty collection since 2019. FIRS gets nod to collect...

Over Stamp Duty Collection, RMAFC To Probe 22 Banks The Revenue Mobilisation Allocation and Fiscal Commission says it is set to probe 22 commercial banks over stamp duty collections. In a statement issued by the commission’s spokesman, Mr Ibrahim Mohammed, in Abuja on Sunday, RMAFC said...

Banks are no longer restricting the deduction of stamp duty on deposits made into current accounts, but now apply it to deposits made into savings accounts, investigation has shown. The Central Bank of Nigeria had through a circular issued on January 15, 2016 directed the...