Banks Collect Stamp Duty Money Without Remitting It To FG—Post Master General | Independent Newspapers Limited
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Banks Collect Stamp Duty Money Without Remitting It To FG—Post Master General

Posted: Feb 17, 2016 at 3:07 pm   /   by   /   comments (0)

Chibuzor  Emejor, Abuja

The Acting Post Master General / Chief Executive Officer of Nigerian Postal Service [NIPOST], Enoch Ade Ogun, has said the stamp duty money being collected by commercial banks is not remitted to the Federal Government’s coffers.

Ogun who stated this on Tuesday night when the Minister of Communications, Adebayo Shittu paid a working visit to the Corporate Headquarters of NIPOST in Abuja said a committee whose membership is drawn from various sister agencies has been set up to ascertain how much that would be realized from the collection of stamp duty.

On how much the country must have lost due to  the failure of commercial banks to remit the money deducted from their  account holders, he declined to give the amount.

He further pointed out that stamp duty collection was not a new initiative adding that Stamp Duty Act mandates current account holders to pay stamp duty.

He also noted that NIPOST was collaborating with the Central Bank of Nigeria [CBN] and other financial institutions for the provision of financial service inclusion across the country.

With the present 4000 post offices and post shops across the country, the Acting Post Master General said the NIPOST had begun extensive network penetration into rural areas adding that new technologies would be explored to reduce cost, improve quality and increase consistency.

According to him, “This is important for bridging the digital divide and taking financial services and good governance to the grassroots to reduce poverty.”

Also speaking, the Minister of Communications, Adebayo Shittu said NIPOST is one of the government agencies with the largest network and landed property.

According to him, “NIPOST appears to be the government agency with the largest network of government properties, the agency of the federal government with the largest network presence and physical properties and I felt that there was the need for us to think out of the box and to see how we can transform NIPOST from a mono culture service industry to a multi-sector service industry so that it not just about post alone but the postal service will continue but in view of the huge availability of facilities and 103,000 members of staff  spread all over the country.

We can make the best and transform NIPOST from a third generation set to a first class set up as it is in the advance countries”.

In order to ensure the right leadership at the helm of affairs of NIPOST, the minister said the post of the office of the Post Master General has been advertised.

Speaking further on the appointment of the substantive Post Master General, he said:

“The whole of idea of saying that we would not limit the appointment of that position to only NIPOST members of staff and every member of staff has the right to apply they should bring the idea to the table and let us interview them so that we can get the best.

“I want to assure you that this is aimed at ensuring the best for Nigeria.

The interest should go beyond tribe and religion. It should be to get the best material to run NIPOST as a strong business enterprise because the ultimate is to provide service and revenue for government and of course to also create jobs we have advertised the position and by the grace of God by the 29th of this month we would do the interview for all the candidates.”