Breaking News

FG Generates N66bn As Stamp Duty Revenue Within Six Month – FIRS

The Federal Government says it has generated as stamp duty revenue a total of N66 billion between January and June 2020. 

Confirming this report into the inauguration of the inter-ministerial committee on audit and recovery of back years stamp duties, the Chairman of the Federal Inland Revenue Services, Muhammad Nami, the Finance Act has mandated the revenue agency as the sole body to receive stamp duties for the country.

Read also:COVID-19: Ikeja, Alimosho, Surulere Others Face Imminent Lockdown

While giving the breakdown of the revenue, he explained: “we have collected and remitted from money deposit banks in this year alone, a total of N20 billion. From Stamp Duties Revenue from stamping of instruments at CAC, we have realised about 7.9 billion.

“The amount now remitted as at the point I was appointed, stood at 39 billion. So, total stamp duty remitted, into federation account from January 2020 to June (as at yesterday) stood at N66 billion.”

Alice Ajakaye

Share
Published by
Alice Ajakaye

Recent Posts

Bayetty Charity Foundation Hosts Christmas Funfair for Over 2,000 Children and 500 Elderly in Agbowa/Ikosi/Ejinrin

Ekohotblog reports that a non governmentmental organization, Bayetty Charity Foundation recently organized a memorable Christmas…

17 minutes ago

Ikosi-Ejinrin LCDA and Akanke Foundation Empower Widows at Christmas Funfair

Ekohotblog reports that the Ikosi-Ejinrin Local Council Development Area (LCDA), under the leadership of Otunba-Akogun…

47 minutes ago

Christmas Travel Made Easier as FG Subsidises Transport on 144 Routes

FG subsidizes road transport on 144 routes nationwide for Christmas travel. Tinubu assures safe and…

2 hours ago