• Home
  • News
    INEC laments as 241,715 Bayelsa, Kogi, Imo voters shun PVCs

    INEC laments as 241,715 Bayelsa, Kogi, Imo voters shun PVCs

    Indefinite strike: Labour protests as FG threatens union leaders with contempt charge

    Indefinite strike: Labour protests as FG threatens union leaders with contempt charge

    Supreme Court affirms Imo LP gov candidate

    Supreme Court affirms Imo LP gov candidate

    My Rejoinder To The Cable Story: “ex-firs Boss Nami Approved N11bn ‘suspicious’

    Increased export will stop Naira from further depreciation – NEPC

    Increased export will stop Naira from further depreciation – NEPC

    Pay attention to security of corps members, NYSC DG urges employers

    Pay attention to security of corps members, NYSC DG urges employers

    Army Chief reiterates commitment to personnel welfare, infrastructure

    Army Chief reiterates commitment to personnel welfare, infrastructure

  • Politics
  • Security
  • Opinion
  • Sports
  • Technology
  • About Us
  • Contact Us
No Result
View All Result
9jaYarn
  • Home
  • News
    INEC laments as 241,715 Bayelsa, Kogi, Imo voters shun PVCs

    INEC laments as 241,715 Bayelsa, Kogi, Imo voters shun PVCs

    Indefinite strike: Labour protests as FG threatens union leaders with contempt charge

    Indefinite strike: Labour protests as FG threatens union leaders with contempt charge

    Supreme Court affirms Imo LP gov candidate

    Supreme Court affirms Imo LP gov candidate

    My Rejoinder To The Cable Story: “ex-firs Boss Nami Approved N11bn ‘suspicious’

    Increased export will stop Naira from further depreciation – NEPC

    Increased export will stop Naira from further depreciation – NEPC

    Pay attention to security of corps members, NYSC DG urges employers

    Pay attention to security of corps members, NYSC DG urges employers

    Army Chief reiterates commitment to personnel welfare, infrastructure

    Army Chief reiterates commitment to personnel welfare, infrastructure

  • Politics
  • Security
  • Opinion
  • Sports
  • Technology
  • About Us
  • Contact Us
No Result
View All Result
9jaYarn
No Result
View All Result

Presidency knocks Kazaure over N89tn stamp duty claim

December 14, 2022

Following controversies trailing a claim of a missing N89.09tn allegedly siphoned from stamp duty charges, the Presidency on Tuesday said such claims were false.

It also said the entire banking sector deposits in Nigerian did not amount to half of N89tn.

“It is now evident that the consultants and petitioners’ claims of a missing N89tn from stamp duty appears false and a figment of their malicious imaginations. The same set of consultants claimed in 2016 there was N20tn to be collected. It was found to be false. The entire banking sector deposit is not even up to half of N89 trillion.

“Indeed, if the Federal Government can find N89tn Naira, it can pay off all its debt, both foreign and local currency and all state government debts and still have over N10tn left,” a statement signed on Tuesday evening by the President’s spokesman, Garba Shehu, read.

The statement was entitled, Stamp duty: facts Nigerians need to have.

In an interview with BBC Hausa last Friday, the lawmaker representing the Kazaure, Roni, Gwiwa and Yankwashi Constituency of Jigawa State, at the lower chambers, alleged that the Presidential Committee on the Reconciliation and Recovery of All Stamp Duties had accused some government agencies of sabotaging the committee’s efforts.

According to Kazaure, who said he serves as the committee’s secretary, it discovered that N89.09tn had so far been realised from deductions by banks but these hadnot made it to the FG’s coffers.

He alleged connivance by some critical operatives of the regime, including the Central Bank of Nigeria, the Office of the Secretary to the Government of the Federation and the Protocol Department of the State House, preventing him from briefing the President, Major General Muhammadu Buhari (retd.) on the findings.

But reacting to the claims on Tuesday, the Presidency said while there was a committee empowered by the President to look recover a sum of N20tn allegedly lost to the Nigerian Inter-bank Settlement System, the President rescinded his approval upon realising actual plan of said committee.

It explained that this ‘anomaly’ arose because certain characters apparently formed a cartel with collaborators in the Nigerian Postal Service and were allegedly collecting and pocketing tokens on banking transactions.

Soon after, a non-government organisation posited to the regime that the Nigerian government had lost the sum of over N20tn to the Nigerian Inter-bank Settlement System between 2013 and 2016 in this regard, claiming that the said sum could be recovered and paid back into the government coffers.

“The consultants asked to be paid a professional fee of 7.5 per cent and were placed under the supervision of the Secretary to the Government of the Federation.

“Following the lack of progress in the promised recovery, the late Chief of Staff to the President, Abba Kyari wrote on March 8, 2018 to the SGF conveying a presidential directive that following the lack of progress and several expressed concerns received, the activities of the consultants be discontinued.

“In the aftermath of this dismissal, the consultants sued the government. A court of competent jurisdiction subsequently ruled in favour of the government,” the Presidency noted in the statement.

It said arising from the outcome of the litigation and the controversy on the legally responsible agent for collecting this levy, the regime caused an amendment to the law and removed NIPOST from the duty of its collection.

Shehu claimed that the sacked persons returned to the drawing board to formulate one form of trick or another to intimidate the government but the vigilant teams of the administration kept them at bay.

“Lately, they returned to the government through Hon. Muhammadu Kazaure with a plan to track the so-called lost stamp duties with the erstwhile consultant as chairman and Hon. Gudaji as secretary.

“When it emerged that the petitioner and lead consultant of the committee the President had dissolved via the late Abba Kyari’s letter of March 28 had masqueraded himself and re-emerged as the chairman of the new recovery committee championed by the Hon. Gudaji, the President rescinded the approval he gave and asked that it be stopped from operating under the seal of his office,” Shehu further explained.

Share this:

  • Twitter
  • Facebook
Share74Tweet46Send
Ahmed Sanusi

Ahmed Sanusi

Related Posts

INEC laments as 241,715 Bayelsa, Kogi, Imo voters shun PVCs
News

INEC laments as 241,715 Bayelsa, Kogi, Imo voters shun PVCs

September 29, 2023

Over 241, 715 Permanent Voter Cards have yet to be collected by the voters in Kogi, Imo and Bayelsa states two weeks to the October 9, 2023 deadline issued by the Independent National Electoral Commission for the collection of...

Indefinite strike: Labour protests as FG threatens union leaders with contempt charge
News

Indefinite strike: Labour protests as FG threatens union leaders with contempt charge

September 29, 2023

The National Deputy President of the Trade Union Congress, Tommy Etim, on Thursday, berated moves by the Federal Government to hamstring the Organised Labour from embarking on an indefinite nationwide strike from Tuesday, using the courts. Etim stated that...

Supreme Court affirms Imo LP gov candidate
News

Supreme Court affirms Imo LP gov candidate

September 29, 2023

Wild jubilation broke out at the secretariat of Labour party in Abuja when the Supreme Court on Thursday affirmed Senator Athan Achonu as the Labour Party governorship candidate for the November 11 governorship election in Imo State. Achonu is...

News

My Rejoinder To The Cable Story: “ex-firs Boss Nami Approved N11bn ‘suspicious’

September 29, 2023

In reaction to the cable earlier story, the Ex-FIRS Boss Nami gave his own side of the story and stated that, My attention has been drawn to a mischievous story by the Cable Newspaper claiming that I made approvals...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business (146)
  • Career (88)
  • Economy (11)
  • Editorial (14)
  • Entertainment (50)
  • Fashion (1)
  • Health (72)
  • Infographics (49)
  • International (108)
  • Law and Order (1)
  • Lifestyle (56)
  • News (1,002)
  • Opinion (47)
  • Politics (273)
  • Security (262)
  • Sports (176)
  • Technology (42)
  • Travel (41)
  • Uncategorized (80)
  • Wazobia (3)

Popular

  • ADEBOWALE YEMI AND HIS HATCHET MAN’S JOB ON BICHI

    244 shares
    Share 98 Tweet 61
  • Anambra State Governor ‘Moves Against IPOB’, Declares Curfew in 7 LGAs

    185 shares
    Share 74 Tweet 46
  • IPOB, KANU AND IFEANYI EJIOFOR’S MISLEADING EFFORTS TO SUSTAIN A FAILED BIAFRA NARRATIVE

    186 shares
    Share 74 Tweet 47
  • Nigeria’s contract with Peseiro, new Super Eagles coach

    185 shares
    Share 74 Tweet 46
  • 2023 elections: A Paradigm Shift in Nigeria’s political History

    185 shares
    Share 74 Tweet 46
4
2
1
6

  • 9jayarn
  • Privacy Policy
  • Contact Us
  • About Us

© Copyright 2022 9jayarn

No Result
View All Result
  • Home
  • News
  • Politics
  • Security
  • Opinion
  • Sports
  • Technology
  • About Us
  • Contact Us