The Nigerian Postal Service (NIPOST) has denied claims claims that N98.9 trillion stamp duty funds was allegedly syphoned by internal collaborators.
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The agency in a statement issued on Friday by the Postmaster General and Chief Executive Officer, NIPOST, Rt Hon. Sunday Adeyemi Adepoju, clarified that “the stamp duty account was opened by the Central Bank of Nigeria (CBN) under the Treasury Single Account (TSA) in consultation with the office of the Accountant General of the Federation in the name of NIPOST Stamp Duties Collection Account.”
Despite the account which bears NIPOST in name only it stated that it had no control or access to the account.
The statement reads in part, “All deductions of stamp duties for and on behalf of NIPOST were carried out by the Deposit Money Banks (DMBs) at source and directly remitted to the said dedicated NIPOST Stamp Duties Account with the Central Bank of Nigeria and the total aggregated collection stood at Fifty- nine billion, three hundred million naira (N59.3 billion) only as at May, 2020, when it was moved to the Federation Account following the controversy with Federal Inland Revenue Service (FIRS) as to which of agency of Government has the right to collect stamp duty.
“For the record, NIPOST is not aware of any cartel allegedly collecting and pocketing money belonging to the government on stamp duty and no such monies as mentioned came into NIPOST’s account.”
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