Attorney General of the Federation and Minister of Justice, Abubakar Malami, has written to the 36 state governors, seeking compliance with audit and recovery of stamp duty for the period spanning January 15, 2016, to June 30, 2020.
His Special Assistant on Media and Public Relations, Dr. Umar Jibrilu Gwandu, made this known in a statement in Abuja, yesterday.
The statement reads: “Pursuant to Mr. President’s approval and directives, I also wish to request you to direct state ministries, departments, agencies and regulatory institutions of the financial sector to engage and grant access to the appointed recovery agents for the purpose of the audit and recovery of stamp duty, to ensure that all established liabilities are remitted as appropriate.”
The statement notes further that Section 111 of the Stamp Duty Act grants the Attorney General of the Federation exclusive power to recover any outstanding payment or remittances related to stamp duty.
The Stamp Duty Act provides that “all duties, fines, penalties, and debts due to the government of the federation imposed by this Act shall be recoverable in a summary manner in the name of the Attorney General of the Federation or the State”.
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