• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, July 19, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Stamp duty revenue is N370bn, not N89trn as claimed

Stamp Duty

The Matters Press by The Matters Press
January 24, 2023
Reading Time: 1 min read
0
Facts to know about Stamp Duty

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the total revenue collected as stamp duty in six years between 2016 and 2022 is N370,686 billion.

RELATED POSTS

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Lagos falls flat to APC

A House of Representatives member, Alhaji Muhammed Kazaure, representing Kazaure, Roni, Gwiwa, Yankwashi of Jigawa raised the alarm in 2022 of alleged theft of stamp duty proceeds running into N89 trillion.

Emefiele, however, made his declaration of N370,686 billion on Tuesday in Abuja, after the Monetary Policy Committee meeting and stressed that the CBN was not withholding any N89 trillion.

“Total assets of all banks is N71 trillion; total deposit in banks is N44 trillion.

“From 2016 till date, stamp duty collection has amounted to N370,686 billion.

“The Federal Inland Revenue Service has disbursed N226.451 billion of the money to the Federation Account Allocation Committee, while the balance of N144,235 is in the CBN.

“The highest collection of the stamp is N71 billion, collected by First Bank,’’ Emefiele said.

He added that the CBN had appointed four world class audit firms to go into the books of banks to verify if there was any unremitted stamp duty.

“If there is any uncollected stamp duty, the banks will pay to the last kobo,’’ he assured.

Tags: Stamp Duty
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP
Energy

ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP

July 10, 2025
Next Post
Nigeria regains top crude oil production spot in Africa

Oil expert applauds Nigeria's recovery as largest producer in Africa

How NNPC is solving lingering petrol scarcity

Buhari establishes 14-member panel to tackle supply, distribution of petrol

Recommended Stories

Economists Challenge IMF on call for further VAT increase in Nigeria

IMF expands executive board with Sub-Saharan Africa as 25th chair

November 2, 2024
Nigeria’s fuel subsidy removal gives birth to transportation reform

Nigeria’s fuel subsidy removal gives birth to transportation reform

January 30, 2024
Supreme Court voids Executive Order 10, hard time awaits institutions

Taxes, levies from Centenary Free Zones Company illegal – Court

July 8, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari
  • Lagos falls flat to APC

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us