FIRS Vows to Recover Funds in NIPOST's 'Illegal' Stamp Duties' Account
The Federal Inland Revenue Service has expressed its resolve to ensure that all monies collected by the Nigeria Postal Service into its ‘illegally operated Stamp Duties’ Account’ are fully recovered and remitted into the Federation Account.
FIRS’ position followed what it described as “false and indecorous” twitter post by the Chairperson, NIPOST Board, Hajiya Maimuna Abubakar, in which she claimed that both the tax authority and the National Assembly appropriated NIPOST’s ideas about stamp duties to the exclusion of the postal agency. “To be sure, 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. This function is clearly contrary to the claim by NIPOST over the administration of stamp duties in Nigeria.
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