Federal government agencies including the Central Bank of Nigeria , Nigerian Postal Service , and the Nigeria Inter-Bank Settlement System Plc have denied withholding stamp duty revenues to the tune of about N20 trillion.
Mr Kure said the apex bank still has the stamp duty revenue in its custody pending the decision of the Supreme Court on the legality of the collection. “It specified N50 per eligible transaction, and total deposit for such charge should be up to N1, 000,” he said, adding that there are exceptions including payments between accounts of the same customer.”
He gave a breakdown of the N30, 040, 615, 632.71, which according to him has so far been collected, as N12.76 billion from January to December 2017; N12.32 billion from January to December 2018, and N4.94 from January to May 2019.
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