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Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsCourt Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm (9294 Views)

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Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Cutehector(m): 2:49pm On Oct 13, 2024
wunaESQ:
Na to confirm who get the private firm first!!!
the smartest comment so far.


We need to know the ultimate beneficiary owner
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by lapintoz: 2:54pm On Oct 13, 2024
Don't worry, when it is the turn of your ancestors they can sell the CBN to pay court fines 😁😁😁

Klington:
huh

As far as ebola Tulumbu BATeria Tpain is concerned, they're not going to obey the court order.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by etrouble: 2:57pm On Oct 13, 2024
Homeboiy:
579 billion naira

Them no go pay am
You want to collect over half a Trillion from Tinubu, even Satan cannot get it from the JAGABAN
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Forkthiefnubu: 3:09pm On Oct 13, 2024
Who are the promoters of the company? They and CBN officials, APC party and the power drunk tribe in power Dey work in the same office with same plan and I can bet u the judge get share for the deal , the only ppl being raped here are the people of Nigeria
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Welrez(m): 3:22pm On Oct 13, 2024
The All Pro-regressive Party at it again
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by just2endowed: 3:28pm On Oct 13, 2024
richard870:
Why private firm?
Why not. Lagos state internal revenue lirs. There is a private company helping the Lagos state to collect this money and get paid this private company is indirectly own by tinubu. That's date back to 2003 or so.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by richard870(m): 3:38pm On Oct 13, 2024
just2endowed:
Why not. Lagos state internal revenue lirs. There is a private company helping the Lagos state to collect this money and get paid this private company is indirectly own by tinubu. That's date back to 2003 or so.
I still don't get your point
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by NothingDoMe: 3:55pm On Oct 13, 2024
Madness everywhere 🤣
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by NothingDoMe: 4:00pm On Oct 13, 2024
just2endowed:
Why not. Lagos state internal revenue lirs. There is a private company helping the Lagos state to collect this money and get paid this private company is indirectly own by tinubu. That's date back to 2003 or so.
He's asking why the government cannot collect the money themselves.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Krankhead: 4:00pm On Oct 13, 2024
Klington:
huh

As far as ebola Tulumbu BATeria Tpain is concerned, they're not going to obey the court order.
Nah Tinubu cause am?
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by wunaESQ(m): 4:21pm On Oct 13, 2024
Cutehector:
the smartest comment so far.


We need to know the ultimate beneficiary owner
Ah we need to know ooo .. na 9ja we de
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by wunaESQ(m): 4:21pm On Oct 13, 2024
Chikel20000:
Abeg try confirm make we know
Oya now boss
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Stilloracle: 4:26pm On Oct 13, 2024
Rubbish.
The judge must be a lunatic
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Proudlyomonna: 4:31pm On Oct 13, 2024
grin grin For where?? For Nija grin
Court ko,Cult ni grin grin

Radarada grin
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by unmask: 4:39pm On Oct 13, 2024
Imagine collecting 15% to collect stamp duty that the banks can manage with inbuilt softwares.

Some people are cashing out terribly in this country. Unfortunately all the government officials need is their cut. We are not yet serious in this country.

Because why do you need a company to collect stamp duty for money paid into a bank, something a simple line of code will do. It is akin to banks hiring a private company for transfer charges collection
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by paskal16: 4:51pm On Oct 13, 2024
That’s like 340 million dollars dollars damn
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Focusmind: 5:09pm On Oct 13, 2024
wunaESQ:
Na to confirm who get the private firm first!!!
Over sense no go kill you grin
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by iswallker(m): 5:14pm On Oct 13, 2024
jedisco:
What a pity!
This is criminal and a good attempt at state capture.

Who are the shareholders/owners if the firm? I wouldn't be surprised NIPOST officials and a select few

Too many questions

How could 15% of revenue from a source be awarded to private individuals on an enduring basis?
What role did the private firm pay to warrant that?
What stopped the banks from remitting said sums directly to the FG?


Courts should be able to make exceptions for such cases on the basis of national interest.

This should instigate an investigation by EFCC.
If they played no role I they won't be demanding for their money. If there was no contract the company won't take the CBN to court and win the case.

These so many questions you said you have you think they were not asked in court before the judge ruled in their favor.... cheesy
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by gly2ken: 6:07pm On Oct 13, 2024
This case is not as straightforward as it may seem. The question is does NIPOST have the constitutionally right to collect stamp duties. If the answer is no, then the NIPOST contract with the company to collect stamp duties is null and void.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by bigtt76(f): 6:10pm On Oct 13, 2024
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by jedisco(m): 6:12pm On Oct 13, 2024
iswallker:
If they played no role I they won't be demanding for their money. If there was no contract the company won't take the CBN to court and win the case.

These so many questions you said you have you think they were not asked in court before the judge ruled in their favor.... cheesy
Much more has been stolen from Nigeria based on such contracts without the recipient lifting a pen. What did they do?

Millions of Nigerians should not suffer all to stuff some greedy pockets
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Odidigboigbo(m): 6:19pm On Oct 13, 2024
ALTERNATEID:
That’s a senseless judgement that cannot stand. What kind of contract would even dash N7.5 out of every N50 of duties collected to a private firm? What services did the company render in the collection process?

The judgement must be appealed and set aside by a superior court. Beside, only the FEC could have awarded such a contract. It’s obviously an illegally awarded contract.
What should be asking is what the contract stipulates? Actually, the percentage of their commission is high, that wouldn't be more than 5k for every 50 naira collected.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by frog12: 6:33pm On Oct 13, 2024
that's 100 billion annually for a private firm. see as dem they swindle nigeria grin grin
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by frog12: 6:34pm On Oct 13, 2024
good question

NothingDoMe:
He's asking why the government cannot collect the money themselves.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by dalass(f): 6:58pm On Oct 13, 2024
Islie:
https://fij.ng/article/court-orders-cbn-to-pay-n579b-stamp-duty-arrears-to-private-firm/
The government is making tons of money.

Imagine this?

Yet they still go borrowing only to loot it again?
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by just2endowed: 7:04pm On Oct 13, 2024
NothingDoMe:
He's asking why the government cannot collect the money themselves.
If possible tinubu will bring his private firm to help develop a system in revenue and tax collection whereby they took particular percentage from aggregate revenue. If he did it in his time as governor acquiring a firm while in office which is against federal Republic of Nigeria constitution which was a clear impeachable offence, he will be tempted to do same as a president.
You know where there is money that's where he's interest is, just like him being our petroleum minister and his bunch of his family oil companies
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Mayflowa(m): 7:55pm On Oct 13, 2024
nedekid:
Story, cbn will have to pay. It is the share of that companies money. A certain percentage of the N50 stamp duty. The money is there and has not been disbursed.
The koko here is the problem of corruption that stops the progress of naija as we are too smart it turns to stupidity.
Oga at the top started this level with alph abetta. The only difference is that AB collects the whole money then takes its share then gives gov it's own, so nothing like gov sitting in its money as in this case.
Others have followed suit as an example has been set. Most likely some then oga in nipost would have brought a company he has codded interest in, sign a water tight contract with them in favor of the company, so even if he is removed from his position, the contract cannot be revoked without heavy penalty on gov. At the end of the day, normal revenue that should be collected by gov agency his shared with a private firm.
The bottomline is still corruption, personal interest. We have entered it, make them pay.
How can they allow a private firm15% collection fees contract for money that is automatically deducted by software. There is not a single work in doing this collection. The money will climb to 1Trillion naira soon. The company probably belong to someone in presidency.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by kinguwem: 8:36pm On Oct 13, 2024
nedekid:
Story, cbn will have to pay. It is the share of that companies money. A certain percentage of the N50 stamp duty. The money is there and has not been disbursed.
The koko here is the problem of corruption that stops the progress of naija as we are too smart it turns to stupidity.
Oga at the top started this level with alph abetta. The only difference is that AB collects the whole money then takes its share then gives gov it's own, so nothing like gov sitting in its money as in this case.
Others have followed suit as an example has been set. Most likely some then oga in nipost would have brought a company he has codded interest in, sign a water tight contract with them in favor of the company, so even if he is removed from his position, the contract cannot be revoked without heavy penalty on gov. At the end of the day, normal revenue that should be collected by gov agency his shared with a private firm.
The bottomline is still corruption, personal interest. We have entered it, make them pay.
It's sad that 15% of the N50 stamp duty is going to an agency for doing little or relatively nothing. Even Remitta's commission was reduced from 1% to 0.5% by the last government. Corruption is an evil wind that's destroying the Nation.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Caseless: 7:26am On Oct 14, 2024
Hemanwel:
N579b?? That's huge! Las las, I know CBN will appeal and in the end, will be asked to pay like 5M.
The firm should take them to court outside Nigeria where their assets can be frozen.
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Coolgent(m): 1:11pm On Oct 14, 2024
I guess na TPain company
Re: Court Orders CBN To Pay N579b Stamp Duty Arrears To Private Firm by Elusive001: 1:43pm On Oct 14, 2024
Islie:
https://fij.ng/article/court-orders-cbn-to-pay-n579b-stamp-duty-arrears-to-private-firm/
Who even signed this kind of contract? Can't the system be automated that the deduction goes directly to FG? Why all these dubious middlemen contracts?
1 2 Reply

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