The disagreement between Federal Inland Revenue Service (FIRS) and the Nigerian Postal Service (NIPOST) over who controls stamp duty collection has not only been allowed to degenerate into a public spat between the two agencies but has tied down revenue accrual to the federation account.
LEADERSHIP investigations showed that the federal government failed to account for monies realised from stamp duties in the whole of 2020. The excuse of the federal authorities is that the revenue from stamp duty could not be accounted for because they have yet to be booked into the fiscal account.
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