Finance

How much was realised From Stamp duty..How much was remitted to CBN…How much met with an accident

The House of Representatives Committee on Telecommunications has summoned the Minister of Finance, Mrs Kemi Adeosun, Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele and the Post Master General of Nigeria Postal Service (NIPOST), Adebisi Adegbuyi to explain why the over N13billion generated by Stamp Duty charges remained in the  vaults of commercial banks and the CBN respectively.
This is just as the committee berated management of Skye Bank Plc over refusal to remit the duty collected from March 2016 to the CBN in line with the administration of the system.
Chairman of the Committee, Hon Saheed Akinade-Fijabi disclosed that both the Finance Minister and the CBN Governor would have to explain details of funds accrued to the apex bank in the name of stamp duty charge its remittances.

http://www.tribuneonlineng.com/stamp-duty-collection-probe-reps-summon-finance-minister-cbn-gov-post-master-general/?utm_source=Daily+Newsletter&utm_campaign=3f303c5fa9-EMAIL_CAMPAIGN_2017_04_05&utm_medium=email&utm_term=0_b6a2f316aa-3f303c5fa9-31406041

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