BREAKING: State Attorneys General Sue Nigeria’s Attorney General Malami Over Non-Remittance Of N176Billion From Stamp Duties

In Breaking News, National News, Reports

By Sahara Reporters

The attorneys general in Nigeria’s 36 States have sued the Attorney General of the Federation and Minister of Justice, Abubakar Malami, for non-remittance of stamp duties fund generated from the States.

According to a court document, the attorneys sued Malami because funds generated from stamp duties are not remitted into States’ coffers, People’s Gazette reports.

They sought an order of the court to mandate Malami to pay N176 billion for the backlog of stamp duties received between 2015 and 2020.

The document read partly, “An order of this honourable court directing the defendant to pay over to the plaintiffs all the sum of monies amounting to one hundred and seventy-six billion, sixty-seven million, four hundred thousand naira (N176,067,400,000,00) representing ascertained and admitted collected stamp duties on individual persons’ transactions within their respective states for the period of 2015 and 2020, and thereafter till the time of the judgment of this honourable court or any other sum as the plaintiffs may be found entitled by the honourable court.”

The attorneys general also sought an order of perpetual injunction, “restraining the defendant by himself, privies, agents or any persons by whatever name or howsoever called from appointing anyone for the purpose of collecting Stamp Duties on individual persons’ transactions within the respective States of the plaintiffs henceforth.”

They further sought to declare that Malami had no right to withhold stamp duty transactions from individuals in their States.

In the document, they argued that Malami should not be allowed to collect, administer or collect stamp duties.

“A declaration that the defendant is not entitled to collect, administer, or keep the proceeds of any stamp duties on transactions involving individuals within the respective States of the plaintiffs or any manner interfere with the plaintiff’s right and authority in the administering the provision of Section 4(2) of the Stamp Duties Act Cap. S8 Laws of the Federation of Nigeria,” the document explained.

They sought the court to declare their entitlement to receive 85 per cent of stamp duties generated from electronic money transfer levies and others.

They demanded a declaration that “the plaintiffs are entitled to 85% of all stamp duties collected on electronic money transfer levy, on electronic receipts or electronic transfer for money deposited in deposit money banks and financial institutions, on any type of account to be accounted for and expressed to be received by the person to whom the transfer or deposit is made in the plaintiffs’ respective States.”

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

Plastic As Tuition: A School In Lagos Is Reducing Waste, Providing Quality Education All At Once

By Zubaida Baba Ibrahim, HumAngle “The best thing to have ever happened to me” was how Onuka Blessing described

Read More...

Why I Am Against Zoning In Cross River State BY ISO BASSEY

The political season has come around full swing in Cross River State, and no other subject is dominating the

Read More...

Calabar Channel: Pirates Fingered As Passenger Boat Gets Missing

By The Parchment A speedboat traveling along the Calabar channel was on Monday diverted by suspected pirates to an

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now