Business - Economy
Updated: July 01, 2020

Federal Government Has Received N66bn In Stamp Duties - FIRS

By Kindness Udoh
July 01, 2020
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The Federal Inland Revenue Services (FIRS) boss, Muhammad Nami, said that a total of N66 billion has been remitted into the account of the Federal Government from stamp duties between the months of January and June this year.

This was disclosed at the installment of the inter-ministerial committee that will work to retrieve back years stamp duties.

Nami said, “We have collected and remitted from money deposit banks in this year alone, a total of N20 billion. From Stamp Duties Revenue from stamping of instruments at CAC, we have realised about 7.9 billion. The amount now remitted as at the point I was appointed, stood at 39 billion. So, total stamp duty remitted, into federation account from January 2020 to June (as at yesterday) stood at N66 billion."