₦airaland Forum

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as stamp duties from Banks and Financial Institutions in the country.
The decision to probe the non-remittance of stamp duties was reached sequel to the consideration of a motion on “The need to improve Internally Generated Revenue of the Federal Government of Nigeria through non-oil revenue”.
Sponsor of the motion, Senator Ayo Akinyelure (PDP, Ondo Central), said that the Central Bank had in January 2016, issued a circular directing all banks and financial institutions to charge stamp duty of N50 on lodgments into current accounts against revenue projections by the Federal Government of N2.5 trillion annually. Details here... https://www.remaloaded.com.ng/2019/12/breaking-oshiomhole-governor-wike.html

Remaloadite:
The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as stamp duties from Banks and Financial Institutions in the country.
The decision to probe the non-remittance of stamp duties was reached sequel to the consideration of a motion on “The need to improve Internally Generated Revenue of the Federal Government of Nigeria through non-oil revenue”.
Sponsor of the motion, Senator Ayo Akinyelure (PDP, Ondo Central), said that the Central Bank had in January 2016, issued a circular directing all banks and financial institutions to charge stamp duty of N50 on lodgments into current accounts against revenue projections by the Federal Government of N2.5 trillion annually. Details here... https://www.remaloaded.com.ng/2019/12/breaking-oshiomhole-governor-wike.html

N20tr! And they keep borrowing from china

And we have millions of unemployed youths

And all our roads are bad

And all our hospitals are 'mortuary'

And we still pay for darkness rather than light

Who did this to us, who did we offend?

Detail here:

https://www.nairaland.com/5576305/senate-probe-cbn-nibss-over