NIPOST in Jos embarks on stamp duty awareness, says it will validate transactions

The Nigerian Postal Service has embarked on an awareness campaign on stamp duty acts compliance.
The campaign which was tagged, “Stamping Protocol Promotion” and sub!themed “Always Affix Postage Stamp” kick-started with a match at the NIPOST Jos office and round parts of Jos and Bukuru metropolis on Wednesday 13th January, 2016.

Speaking on the exercise, the Area Postal Manager Plateau Territory, Rev. (Mrs) Danso O. said that the awareness campaign has become very necessary because the majority of Nigerians are not aware of the Stamp Duty, hence the need to sensitize the target audience on the Plateau by creating awareness.
Explaining what the stamp duty act is about she said, “This means to affix a postage stamp to a receipt or financial document(s) under the Stamp Duty Act. The aim of this is to protect buyers/individuals in their transactions from one thousand Naira (N1,00.00) and above when they buy items, acquire land and other personal properties/effects and the need for them to validate the transaction(s) with just minimum of N50 postage stamps affixed on the receipt”.
Mrs. Danso Said that low sensitization in the past is what led to non-compliance on the part of the people, hence they felt that there is need for public enlightenment on Plateau.
Danso said that they in NIPOST Plateau Territory have as part of their plans to take the campaign round, saying they will move from Jos to Barkin Ladi, Mangu, Pankshin, Shendam and other areas including schools and institutions within their territory.
According to her, there is a treasury circular from the Accountant General of the Federation (Idris Ahmed) mandating that all receipts be so denoted and that compliance is effected in both physical and electronic transactions in all sectors of the economy, NIPOST and other similar government financial institutions are to ensure immediate and total compliance with the provisions of the Stamp Duty Act.

stamp-duty

The Area Manager speaking further, appealed to government for help, “in view of this, I hereby wish to appeal to government of the State and government at Local government level to continue to help NIPOST enforce compliance as in the Financial Sector. This is because if there is strict compliance of Stamp Duty Act, the accruing revenue to the Federal Government will surpass what comes from other Agencies within the State; so Stamp Duty Act should therefore be seen as an alternative source of revenue to government”.

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