The Nigerian Postal Service (NIPOST) has denied operating illegal stamp duty account.It said only the Central Bank of Nigeria (CBN) operates the Treasury..
It said only the Central Bank of Nigeria operates the Treasury Single Account opened for stamp duty.
A statement by the General Manager, Corporate Communications of NIPOST, Franklin Alao, said the account being operated for stamp duty by the CBN was done in consultation with the Office of the Accountant General of the Federation. “Historically, the Post in Nigeria, just like in the comity of nations, has at different times produced adhesive postage stamps and revenue stamps for the Federal Government. It is to this end that NIPOST seeks the proper implementation of the Finance Act.
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