Headlines
Reps to Probe N20 Trillion ‘Non-Remitted’ Stamp Duty

The House of Representatives has resolved to probe an alleged non-remittance of stamp duty revenue by deposit banks in the country.
The lawmakers paased the resolution after adopting a motion of urgent national importance brought before it by Goni Lawal (APC, Yobe).
The stamp duty is the tax placed on legal documents, usually in the transfer of assets or property.
The house resolution is coming months after an FOI request was sent in July on behalf of LeaksNG to the Central Bank of Nigeria (CBN), Office of the Secretary to the Government of the Federation (OSGF), Nigerian Postal Service (NIPOST), and the Nigeria Inter-Bank Settlement System (NIBSS) PLC.
The information requested were a report of stamp duty remittances by Deposit Money Banks and other financial institutions, the current status of the stamp duty central account domiciled in the CBN, stamp duty revenue remitted to the CBN by NIBSS between 2016 and 2017 and amount of revenue collected by NIPOST between 2010 and 2016.
The lawmakers accused banks and other federal agencies involved in the collection of the fund of “shortchanging the nation”.
Moving the motion, Mr Lawan urged his colleagues to investigate the matter after “efforts by both local and international civil society organizations to get details of the collections have failed.”
He said the Nigeria Postal Service (NIPOST) had in 2014 initiated the stamp duty collection scheme, after which the School Banking Honours (SBH) obtained authorisation of the Central Bank of Nigeria (CBN) to engage the banks and other collection agents.
“But public institutions, including the CBN, Nigeria Interbank Settlement System (NIBSS), NIPOST, among others, have over time failed to remit stamp duty taxes into the federation account running into trillions,” he said.
“While the deductible amount per bank account may seem small, it cumulatively adds up to money in trillions of naira, and must be subjected to the full condition of disclosure and transparency.”
The lawmaker added that such funds, if made available, could have been used for infrastructural development “or at least should have generated some interests in the private accounts where the fund is domiciled.”
Some lawmakers also raised concern over the issue which they said “is in disobedience to the treasury single account (TSA) policy”.
The Speaker Yakubu Dogara, while commenting on the issue said it is unacceptable for the banks to fail to remit the stamp duties to the CBN.
The speaker set up an ad hoc committee to investigate the whereabouts of the fund and report back in four weeks.
Premium Times
Headlines
2025: Again, Kenyan, Ethiopian Athletes Win Lagos City Marathon

The 2025 edition of the annual 42km 2024 Access Bank Lagos City Marathon has been once again dominated by East African runners from Kenya and Ethiopia.
Kenya’s Edwin Kibet on Saturday emerged winner in the men category, clocking a time of 2:14:06 to win the $50,000 price money.
Kibet came third last year behind his compatriot Bernard Sang who won it with a time of 02:16:49 and another Kenyan Cheprot who came second.
It is Kibet’s second win in the competition following his first victory in the 2023 edition.
In the women’s category, Ethiopia’s Guta Meseret Hirpa emerged victorious clocking a time of 2:37:04 for her first win in the competition.
First Nigerian to finish the race, Nyango Gyang Boyi, made history by finishing in the to 10 positions.
He finished the race in 8th place, clocking a time 2:25:41.58 which will earn him a prize award of $4,000. As the first Nigerian to finish the race, Boyi also won the N2million top prize in the Nigerian category.
The governor of Lagos State, Babajide Sanwo-Olu, was also one of the participants in this year’s Lagos City Marathon.
The 42km race commenced at Western Avenue, in front of the National Stadium Surulere, and finished in front of Eko Atlantic City, Victoria Island.
This year’s edition of Access Bank Lagos City Marathon had thousands of runners competing for the top prize.
The annual event was to a gold label by the World Athletics in 2023 less than eight years after its first edition.
Headlines
CDS Visa Denial: No Comments, Canadian Embassy Declares

The Canadian High Commission in Nigeria has refused to make further comments on circumstances surrounding the denial of visas to some senior Nigerian military officials, including the Chief of Defence Staff, General Christopher Musa, citing privacy policies.
The Authorities however, acknowledged social media reports of the situation.
Musa and some military officials were denied visas to attend an event in Canada honouring war veterans, a situation the CDS revealed during an event in Abuja on Thursday.
Responding on Friday, via its social media handle, the Canadian High Commission stated, “The High Commission of Canada in Nigeria is aware of media reports related to planned travel by senior officials. However, for privacy reasons, we are unable to comment on the status of visa applications of specific individuals.”
Headlines
PDP Crisis Deepens As Anyanwu Defies Party, Court, Resumes As Secretary

The embattled National Secretary of the Peoples Democratic Party (PDP), Senator Samuel Anyanwu, has defied the directive of the party’s National Working Committee (NWC) amid the ongoing contention for his position.
Anyanwu, on Thursday, resumed at the PDP National Secretariat and continued his duties from his office, despite the position of the party’s NWC.
In a video call with Lere Olayinka, the spokesman of FCT Minister, Nyesom Wike, Anyanwu said: “As you can see, I’m in my office. These are my people and we are working.”
Showing Olayinka around during the call, Anyanwu said: “You can see them jumping over the fence, that was how I stayed in my office to catch them through the CCTV.”
The video was posted by Olayinka on his Whatsapp status on Thursday.
The battle over the position of PDP National Secretary started when Anyanwu left to contest for the Imo State governorship election.
Following his departure, the South-East caucus of PDP endorsed the party’s National Youth Leader, Sunday Ude-Okoye, as his replacement.
Anyanwu lost the election and attempted to force his way back as the PDP’s National Secretary, a move which was vehemently opposed by Ude-Okoye.
On December 20, 2024, an Appeal Court ruled in favour of Ude-Okoye as the PDP’s National Secretary.
On January 28, a fight broke out between Anyanwu’s supporters and Ude-Okoye at the PDP National Secretariat during the party’s Board of Trustees, BoT, meeting.
The PDP Governors Forum had affirmed Ude-Okoye as the authentic National Secretary while the party’s NWC also took the same stand.
Similarly, the party’s National Legal Adviser, Kamaldeen Ajibade also backed Ude-Okoye for the position.
On Thursday, the NWC affirmed Ude-Okoye as the party’s National Secretary.
The development was disclosed in a statement issued by the party’s National Publicity Secretary, Debo Ologunagba.
The statement reads: “After due consideration of the Memo and the attachments, the NWC overwhelmingly recognizes, acknowledges and confirms Rt. Hon. S.K.E Udeh Okoye as the substantive National Secretary of the PDP in full compliance with and obedience to the Judgement of the Court of Appeal, recognizing that there is no subsisting or superseding Judgment or Order from any Court of superior authority or hierarchy.”