Tag: Stamp Duty
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Delta Govt set to approach FG for refund of stamp duties backlog
The Delta House of Assembly on Tuesday approved Gov. Ifeanyi Okowa’s request to formally approach the Federal Government for the refund of backlog of stamp duties between January 2015 and December 2022.
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BREAKING: CBN Gov denies withholding N89 trillion from stamp duty
Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has denied the apex bank is withholding N89 trillion from the payment of stamp duty.
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Stamp Duties Controversy: Reps Speaker meets Buhari, says Kazaure ‘on his own’
President Muhammadu Buhari on Tuesday met behind closed door with the Speaker of the House of Representatives, Femi Gbajabiamila, at the Presidential Villa, Abuja. Speaking to State House correspondents at the end of the meeting, the speaker said he discussed various national issues with the president, including next year’s general elections, associated rising violence and…
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Stamp Duty: Facts Nigerians need to have – By Garba Shehu
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.
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SPECIAL REPORT: Presidency glosses over misappropriation of stamp duty funds allegation
The Presidency has dismissed allegations of misappropriation of Stamp Duty funds levelled against some government agencies by a member of the House of Representatives, Gudaji Kazaure. Kazaure alleged during a BBC interview on Friday that N89.09 trillion purportedly realised from deductions by banks has been siphoned. A statement by the Senior Special Assistant to the…
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Fiscal restructuring: Malami writes 36 States Governors over Stamp Duty
Fiscal restructuring: Malami writes 36 States Governors over Stamp Duty
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36 states sue FG Over refusal to remit funds from stamp duty charges
The 36 state governments have sued the Federal Government over its alleged failure to remit funds generated from stamp duties into the state accounts. The states, through their Attorneys-General, are contending that they, and not the Federal Government should collect the stamp duties. In a suit filed before the Supreme Court on Thursday, they asked…
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FIRS still in charge of Stamp Duties Collection – Official
The Federal Inland Revenue Service (FIRS) says it is still in charge of Stamp Duties collection in the country. The FIRS Director, Communications and Liaison, Mr Abdullahi Ahmad, made this known in a statement in Abuja on Tuesday. Ahmad urged the general public to dismiss news reports which claimed that the Finance Act 2020 had…
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We generate ₦3bn weekly from Stamp Duty collection – FIRS
The Federal Inland Revenue Service (FIRS) says it generates N3 billion revenue weekly from stamp duty collection. This stamp duty revenue is generated weekly from May 2020 to date from Deposit Money Banks (DMBs). Executive Chairman of the FIRS, Muhammad Nami told the House of Representatives Committee on finance on Tuesday in Abuja. The purpose…
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JUST IN: NLC rejects six percent stamp duty on rent, leases by FIRS
The Nigeria Labour Congress (NLC) has urged the Federal Government to cancel the six per cent tenancy and lease stamp duty recently announced by the Federal Inland Revenue Service (FIRS). Mr Ayuba Wabba, NLC President said this on Saturday in Abuja. Wabba said that the Congress was dismayed by the new policy stipulating a six…