Home News 36 states drag FG to Supreme Court over collection, sharing of stamp...

36 states drag FG to Supreme Court over collection, sharing of stamp duty revenue

Attorneys–general of the 36 states have sued Abubakar Malami, minister of justice and attorney-general of the federation (AGF) over alleged failure to remit funds generated from stamp duties into state coffers.

The states are arguing that they are the sole authority to collect stamp duties and not the federal government.

In the suit filed before the Supreme Court on August 24 and marked SC/CV/690/2021, the state attorneys are asking the court to determine whether or not “having regard to the mandatory provisions of Section 4(2) of the Stamp Duties Act Cap. S8 Laws of the Federation of Nigeria (LFN) the plaintiffs (all the state attorneys) are not the sole authority to administer and collect stamp duties on all transactions involving individuals/persons within their respective states?”

They also asked the court to determine “whether having regard to the provisions of Section 4(2) of the Stamp Duties Act Cap. S8 of the Laws of the Federation of Nigeria read in conjunction with the provisions of Section 163, items 58 and 59 of the Second Schedule part I and items 7 (a) and (b) of the second Schedule part II and other provisions of the Constitution of the federal republic of Nigeria, 1999 (as amended), the defendant (Malami) could claim, retain, distribute or in any other manner deal with the monies or sums collected as stamp duties on individual persons transactions within the respective states of the plaintiffs without reference to, concurrence of, input or agreement of the plaintiffs?”

The plaintiffs are also asking the court to ascertain whether or not they are “entitled to 85% of all stamp duties collected on electronic money transfer levy, on electronic receipts or electronic transfer for money deposited in deposit money banks and financial institutions, on any type of account to be accounted for and expressed to be received by the person to whom the transfer or deposit is made in the plaintiffs’ respective states.

“Among other reliefs sought and should the issues above be resolved in their favour, all 36 states through their attorneys-general are praying the court for a declaration that they “are the sole authorities entitled to administer and collect stamp duties on all transactions involving individuals within their respective states.

“A declaration that the defendant is not entitled to collect, administer, or keep the proceeds of any stamp duties on transactions involving individuals within the respective states of the plaintiffs or any manner interfere with the Plaintiff’s right and authority in the administering the provision of Section 4(2) of the Stamp Duties Act Cap. S8 Laws of the Federation of Nigeria,” they prayed.

“A declaration that the plaintiffs are entitled to all the sums of money collected by the defendant as stamp duties through whatever source or means in their respective states from 2015-2020 and thereafter till the time of the judgment of this honourable court with respect to individual persons’ transactions.

“A declaration that the plaintiffs are entitled to 85% of all stamp duties collected on electronic money transfer levy, on electronic receipts or electronic transfer for money deposited in deposit money banks and financial institutions, on any type of account to be accounted for and expressed to be received by the person to whom the transfer or deposit is made in the plaintiffs’ respective states.”

The plaintiffs also want the court to issue an order directing Malami to account for and pay back all monies and collected by way of stamp duties on individual persons’ transactions within the respective states of the Plaintiffs from the period 2015-2020 and thereafter till the time of the judgment.

“An order of this honourable court directing the defendant to pay over to the Plaintiffs all the sum of monies amounting to One Hundred and Seventy Six Billion, Sixty Seven Million, Four Hundred Thousand Naira (N 176,067,400,000,00) representing ascertained and admitted collected stamp duties on individual persons’ transactions within their respective states for the period of 2015-2020 and thereafter till the time of the judgment of this honourable court or any other sum as the plaintiffs may be found entitled by the honourable court.

“An order of perpetual injunction restraining the defendant by himself, privies, agents or any persons by whatever name or how so ever called from appointing anyone for the purpose of collecting Stamp Duties on individual persons’ transactions within the respective states of the plaintiffs henceforth.”

Sun

RELATED ARTICLES

At least 3 killed in US train derailment

At least three people were killed Saturday afternoon when an Amtrak train that runs between Seattle and Chicago derailed in north-central Montana,...

Buhari addressed United Nations General Assembly yesterday. This is everything the president said

Protocols: Mr. President, Let me, on behalf of the government and people of Nigeria, congratulate you...

Ogun Govt To Train 6,500 Herbalists

The Ogun State Government is set to train 6,500 traditional healers and herbalists across the state as part...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Man Seeks Divorce From Wife Because She Doesn’t Bathe Daily

A Muslim man from India’s Uttar Pradesh reportedly tried to divorce his wife of two years because she doesn’t bathe daily, and...

At least 3 killed in US train derailment

At least three people were killed Saturday afternoon when an Amtrak train that runs between Seattle and Chicago derailed in north-central Montana,...

I trained for six months, didn’t see my family, says Usyk after Anthony Joshua’s defeat

New heavyweight champion Oleksandr Usyk says he trained for half a year in other to defeat Anthony Joshua. He...

Pele congratulates Messi for breaking goal-scoring record

On Friday, September 10, Lionel Messi scored a hat-trick in a World Cup qualifier against Bolivia. The goals, which...

Recent Comments