The Nigerian Postal Service on Thursday reclaimed the right to collect stamp duties from the Federal Inland Revenue Service.
The Minister of Communications and Digital Economy, Isa Pantami handed the authority to NIPOST in Abuja during the inauguration of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps.
The Minister made it clear that NIPOST remains the agency authorised to produce and collect stamp duties in Nigeria.
The declaration officially ended the scuffle between both agencies on who had the right to collect stamp duties in Nigeria.
He said, “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 the collection of stamp duties for validation of financial transactions in the country.”
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