NIPOST organises two-day summit on Stamp Duties Act

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ABUJA – The Nigeria Postal Service (NIPOST) says it will organise a two-day summit to educate the general public on Stamp Duties Act.

The service the forum would be jointly organised with Postal Agents Nationwide between Aug. 19 and 20, in Abuja.

Mr Simon Sunday, the Managing Consultant of Double Platinum Global Projects Ltd and convener of the conference, made this known in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja.

According to him, the theme of the event will be “Implementing Protocol in Nigeria: Section 5(2) and 89 of the Stamp Duties Act Cap S.8 Law of the Federation of Nigeria 2004’’.

The explained the conference was designed to sustain advocacy on the enforcement of the provisions of the Act as applicable to the Nigerian postal service.

He maintained that such enforcement could only be done by understanding the legal contents through the enabling laws.

Sunday said that the summit would also create avenue for the stakeholders to consider how far the postal agents had executed their mandate, the challenges the agents were facing and the way forward. [eap_ad_1] He said that there was need for all transactions above N1,000 to be authenticated with a five Naira postage stamp

According to him, experts were expected from various sectors of economy to deliver papers.

“We are expecting experts from different aspect of the economy coming from the office of Accountant General, Auditor General, Attorney General of the Federation and some other stakeholders.

“Federal Inland Revenues will also be represented, because there has been a misconception about the stamp duty as it concerns postage stamp and the stamp duty revenue itself,” he said.

Sunday said that the workshop would be a “must participate’’ to all stakeholders, adding that a communiqué is expected at the end of the conference to highlight next steps in the implementation of the Act.

“People should supervise various aspects of our economy do not even know anything about the Act and still confusing it with the rules of Federal Inland Revenues.

“We will get all the stakeholders to key in to the Act itself and its implementation, and we will take it further to those ordinary Nigerians who will at this stage be made to understand what the Act is all about,” he said. (NAN)