3 years after, NIPOST reclaims collection of stamp duty charges from FIRS

By allcitynews.ng

The waiting for justice to prevail sailed through on 11 March 2021 as Nigeria Postal Service (NIPOST) succeeded in regaining collection of stamp duty from Federal Inland Revenue Service (FIRS).

The Minister of Communications and Digital Economy, Dr Isa Pantami who disclosed this commended President Muhammadu Buhari for his support in regaining the collection from FIRS.

The development brought to an end more than three years of controversy and acrimony over the claims of ownership of stamp duty collections in the country between the two Federal Agencies.

Also the Minister commended the leadership of the National Assembly, especially the Senate and House Committees on Communications and Digital Economy for their interventions on the matter.

In the same vein, Pantami praised the management of NIPOST and other stakeholders for their resilience, adding it was heartwarming that critical stakeholders ensured that justice was done on the issue.

Pantami made the remarks at the launch of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps held at the Digital Economy Complex, Mbora, Abuja.

“Our efforts regarding the issue of stamp duty collection with other government Institutions have yielded positive results. NIPOST has been recognised as a government agency with statutory and historical authority to be the producer of stamps and recognised for 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,” Dr Pantami said.

The Minister said challenges of regulation; policy and financing confronting NIPOST over the years are being addressed with a view to place the Agency on a platform that would enable it generate revenue for the Federal Government.