Non-remittance of stamp duties: Reps threaten to arrest bank CEOs

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The House of Representatives ad hoc committee investigating non-remittance of stamp duties funds into the federation account has threatened to issue bench warrant for the arrest of Chief Executive ...

The House of Representatives ad hoc committee investigating non-remittance of stamp duties funds into the federation account has threatened to issue bench warrant for the arrest of Chief Executive Officers of banks and other agencies that failed to appear before it.

The committee frowned at the absence of the CEOs and refused to accept representatives outside the executive management cadre of the organisations.Akinlabi said that only three banks sent senior management staff to honour the invitation of the committee. He said that the representatives sent by the CEOs who were below the executive management cadre would be treated as spectators.

Ahmed said that the house has received reports, alleging irregularities in the collection of stamp duties amounting to trillions of naira. Ahmed said that the funds could be used to build infrastructure or kept in banks to generate interest.

 

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Idiot people, I don't know what they are stamping for me. You guys have no idea how many of my 50naira from my hard earned money that has gone with this so called 'stamp duty' generation curse is about to follow anyone involved in this act 🔥🔥🔥

Finally. So where is the stamp duty going? Who is stamping what in a world of technology, should bank users even be paying this stamp duty at all?

You people Always threaten, but that is the lädt we will hear about this Matter, the Money will be shared again among you Guys and the citizens will be the victims

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