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

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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.

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Nnamdi Kanu Still Our Leader, Not Replaced – IPOB

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The Indigenous People of Biafra has said that it has not replaced the currently detained Nnamdi Kanu as its leader.

The Biafra group asked its followers to ignore the reports making the rounds that IPOB has replaced Kanu, describing it as “fabricated media propaganda”.

These were made known in a statement by the group’s Media and Publicity Secretary, Emma Powerful, on Tuesday.

According to Powerful, Mazi Chika Edoziem is the head of the IPOB Directorate of State and not IPOB Acting Leader.

The statement read in part, “We, the global movement and family of IPOB under the command and leadership of Mazi Nnamdi Kanu, condemn the useless and fabricated media propaganda and blackmail from some media houses that IPOB has another or acting leader replacing our indefatigable liberator and prophet Mazi Nnamdi Kanu.

“Those peddling this kind of lies are those criminals who zoo gutter media are publishing this to confuse the weak-minded people.

“We want everybody to bear in mind that Mazi Chika Edoziem is the head of IPOB Directorate of State and not IPOB Acting Leader.

“The said statement was the handiwork of mischievous elements bent on causing confusion in IPOB.

“It is unfortunate that some mischievous elements twisted an unambiguous statement by IPOB where we clarified that in the meantime that our Leader is in detention, the Head of DOS, Mazi Edoziem, will be providing direction on the day-to-day activities of IPOB. We never said that Edoziem had become the Acting Leader of IPOB.

“For the avoidance of doubts, Mazi Nnamdi Kanu remains the leader of IPOB. The entire IPOB family all over the world is loyal to him. IPOB has no Acting Leader. Chika Edoziem is only the Head of DOS of IPOB not the Leader.

“We, therefore, urge our family members, supporters, friends, and members of the public to ignore the misleading and mischievous media report.”

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Terrorists Responsible for Owo Church Massacre in Our Custody – General Irabor

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Eric Elezuo

The Chief of Defence Staff, General Lucky Irabor, has said that the military has arrested the terrorists behind the attack on St. Francis Catholic Church, Owo, Ondo State.

General Lucky Irabor according to news monitored on SolaceBase, made the revelation on Tuesday, during a parley with media executives at the Defence Headquarters, Abuja.

Appreciating the collaboration with sister security agencies, which helped in the arrests of the criminals, Irabor recalled that about 40 person’s were brutally murdered when heavily armed men invaded their worship centre on June 5, 2022.

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My Invitation to Rivers to Commission Projects Demonstration of Politics Without Bitterness – Sanwo-Olu

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By Eric Elezuo

The Lagos State governor, Mr. Babajide Sanwo-Olu, has said that his invitation by the Rivers State governor, Mr Nyesom Wike, to commission a project in Rivers State, is a clear demonstration of politics without bitterness. This is noting that the Lagos State governor is a member of the All Progressives Congress (APC) while Wike is a member of the Peoples Democratic Party (APC).

On Monday, Sanwo-Olu was a guest of the Rives governor to commission the Orochiri-Worokwu (Waterlines) Flyover delivered by the state government.

In his remarks, Sanwo-Olu commended Governor Wike for his strong commitment to the delivery of physical infrastructure in Rivers State.

“I would like to specially commend my brother, Governor Wike, for his strong commitment to the delivery of physical infrastructure in Rivers State.

“A commitment that has been recognized by all and sundry, and which has earned him the appellation of “Mr. Projects” within and outside Rivers State,” he said.

Sanwo-Olu said though himself and governor Wike belong to different political persuasions, the invitation extended to him sends a very strong message that politicians and political leaders, can come together across political and ideological divides, for the good of the people.

“There is also a strong message being made today about expanding our capacity to play politics without bitterness. This symbolic gesture by my friend and brother is one that should become standard practice across Nigeria.

“There is also a lot that we can learn from one another, and experience that we can translate from one part of the country to the other,” Sanwo-Olu stated.

It will recalled that Wike is in the habit of inviting notable politicians across parties as guests of honour during the unveiling of any of his projects. The likes of governor of Ekiti State, who is also an APC member and Sports Minister, Mr. Sunday Dare were once invited to commission projects in the state.

Governor Wike had explained that the invitation of the Lagos State governor was not the first time persons of other political parties were invited to inaugurate projects in Rivers State, pointing to the overall benefits such invitations have on governance because it served as peer review for them.

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