Dr. Isa Ali Pantami, Honourable Minister for Communications and Digital Economy

Nigeria replaces FIRS with NIPOST as Stamp Duty collector: Minister

*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 Duty for validation of financial transactions in the country ─Dr. Isa Ali Pantami, Minister for Communications and Digital Economy

Isola Moses | ConsumerConnect

Following several months of inter-agency controversy between the two Nigerian Government agencies over whose responsibility it is to collect the Stamp Duty charge, the Federal Government says it has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service (NIPOST) as Stamp Duty collector.

ConsumerConnect gathered Dr. Isa Ali Pantami, Honourable Minister for Communications and Digital Economy, disclosed this development at the launch of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps Thursday, March 11, 2021, at the Digital Economy Complex, Mbora, Abuja, FCT.

The Minister stated: “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.”

It is recalled both FIRS and NIPOST had been at loggerheads over whose responsibility it is to collect the Stamp Duty charge for the government.

Maimuna Abubakar, Chairperson of NIPOST Board, accused the National Assembly and FIRS of overriding NIPOST’s responsibility.

Abubakar said NIPOST is the agency saddled with the responsibility of printing and providing postage stamps for payment of postage tariff and payment of stamp duties by decree No. 18 of 1987.

FIRS, on the other hand, also contended that it is the sole agency of government charged with the responsibility of assessing, collecting, and accounting for all tax types including stamp duties.

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

The Minister said: “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.”

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