The two government owned institutions are in war over the collection of stamp duties.
NIPOST is a government parastatal established by Decree 41 of 1992, with the function to develop, promote, and provide adequate and efficiently coordinated postal services at reasonable rates.
“We wish to state categorically that, as an agency which operates within the armbit of the law, the FIRS is determined to not only ensure that all monies collected by NIPOST into its illegally operated Stamp Duties Account are fully remitted into the Federation Account but also make sure that any kobo not accounted for in that account is legally recovered in line with the charge of President Muhammadu Buhari to the recently inaugurated Inter-ministerial committee on the recovery of stamp duties...
Also, it said that the FIRS is the sole agency of government charged with the responsibility of assessing, collecting, and accounting for all tax types including Stamp Duties. “This, to say the least, is a preposterous claim and great disservice to the government and people of Nigeria.”
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