The Federal Government says it is ready to provide support to states for recover of backlog of stamp duties from 15th January 2016 to 29th June 2020 in other to generate more revenue for the country.
Attorney-General of the Federation and Minister of Justice, Abubakar Malami, gave the assurance on Tuesday at a virtual meeting with the states’ Attorney-Generals, the Chairman, Federal Inland Revenue (FIR) and members of the Joint Task Board.
In a statement issued by Malami’s media aide, Umar Gwandu the AGF appealed for the support and cooperation of the states’ Attorney-Generals and the Joint Tax Board on the proposed audit and recovery of backlog of stamp duties from 15th January, 2016 to 29th June, 2020.
The Federal Government had earlier set up an Inter-Ministerial Committee on the Audit and Recovery of backlogs of stamp duties chaired by the Attorney-General of the Federation and Minister of Justice; Abubakar Malami on June 30, 2020.
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Membership of the committee was drawn from the Federal Ministry of Finance, Budget and National Planning, Office of the Accountant General of the Federation, Secretary to the Government of the Federation, Revenue Mobilization, Allocation and Fiscal Commission, Nigerian Financial Intelligence Unit, Central Bank of Nigeria and Federal Inland Revenue Service.
The Stamp Duties was originally captured in the Stamp Duties Act 1939 and amended by numerous Acts and various resolutions and contained in the Laws of the Federation of Nigeria 2004.
