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Reading: Stamp Duty is our constitutional function, NIPOST Chair tells FIRS
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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Economy > Stamp Duty is our constitutional function, NIPOST Chair tells FIRS
Economy

Stamp Duty is our constitutional function, NIPOST Chair tells FIRS

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Last updated: May 11, 2023 12:46 pm
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3 years ago
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*Calls on President Buhari’s intervention

The Chairman, Nigerian Postal Service Board, Barr. Maimuna Abubakar has called on President Muhammadu Buhari to intervene in the ongoing tussle between the Federal Inland Revenue (FIRS), and the Nigerian Postal Service (NIPOST), over which of the agencies should administer stamp duty.

Maimuna made the appeal in Abuja while speaking at 1st Economic Confidential Public Lecture & Presentation of the Books entitle, “Pantami – Trials & Triumphs of a Digital Economy Maestro” and “e-Naira Revolution – A peep into Nigeria’s Cashless Future.”

In her speech, the NIPOST Board Chairman, who described FIRS’ action as a usurpation of NIPOST legal duties, emphasized the need for the President to call for the withdrawal of the ongoing legal tussle and have it settled out of court.

Also present at the event, the Keynote Speaker, Prof. Isa Pantami, who delivered a lecture themed, “Economic Diversification in an Evolving Cashless Society”, spoke on his ministry’s efforts at promoting Nigeria’s digitization.

He further harped on the importance of exploring the knowledge-based economy option for Nigeria in the quest for economic diversification.

Earlier, the Chairman, Revenue Allocation and Fiscal Commission (RMAFC), Mohammed Shehu, who also chaired the event, clarified that diversification is vital for economic growth and development.

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