Federal Government authorises NIPOST to collect stamp duty
Nigeria Poster Service (NIPOST) has been given the authority by the Federal Government as the agency authorised to produce and collect stamp duties in Nigeria.
With the latest declaration, NIPOST has now reclaimed the right to collect stamp duties from the Federal Inland Revenue Service (FIRS), bringing to an end the scuffle between the two agencies on who had the right to collect stamp duties in Nigeria.
Speaking on the declaration at the Inauguration of Nigeria’s 60th Independence Anniversary Commemorative Postage stamps, The Minister of Communication and Digital Economy, Mr. Isa Pantami said: “Our efforts regarding the issue of stamp duty collection with other government institutions have yielded positive results.”
He added that: “NIPOST has been recognized as a government agency with statutory and historical authority to be the producer of stamps and recognized for the collection of stamp duties for validation of financial transactions in the country.”
“We appreciate Mr. President for listening to our complaints, and we extend our gratitude to him and the Senate and House Committees for their intervention in ensuring that justice was done,” he said.
The minister said NIPOST would be unbundled into 3 companies to boost its operations, adding that there are plans by the Federal Executive Council to approve the renovation and rehabilitation of all its dilapidated offices across Nigeria.
It can be recalled the disagreement between NIPOST and the FIRS over who should control the collection of stamp duty became public after the latter reacted to claims by NIPOST that it is operating an illegal stamp duty account.
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