Emefiele: Only N370bn collected as stamp duty in six years — not N89trn | TheCable
Last month, Gudaji Kazaure, member of the house of representatives on mismanagement or embezzlement of stamp duty funds,over attempts by government officials to “cover-up” stamp duty proceeds running into N89 trillion.
Kazaure alleged that the CBN, the office of the secretary to the government of the federation , and the protocol department of the state house, conspired to prevent him from briefing President Muhammadu Buhari on the findings of his investigation concerning the funds.Speaking on the issue during the monetary policy committee meeting on Tuesday, Emefiele said the CBN was not withholding any N89 trillion.
He said the clarification became necessary because Nigerians need to know the true position of things and not falsehoods. According to Emefiele, the “total assets of all banks is N71 trillion; total deposit in banks is N44 trillion”.“From 2016 till date, stamp duty collection has amounted to N370.686 billion,” the CBN governor said.
“The Federal Inland Revenue Service has disbursed N226.451 billion of the money to the federation account allocation committee, while the balance of N144.235 is in the CBN.Emefiele added that the CBN had appointed four world-class audit firms to go into the books of banks to verify if there was any unremitted stamp duty.“If there is any uncollected stamp duty, the banks will pay to the last kobo,’’ he said.
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