36 States Govt Sue FG Over Stamp Duty Revenue

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The 36 state governments have asked the Federal Government to refund over 176 billion naira said to be proceeds of stamp duties between 2015 and 2020.

They made the demand in a suit filed before the Supreme Court on Thursday, where the state attorneys asked the court to determine whether or not they are the sole authority to administer and collect stamp duties on all transactions involving individuals and persons within their respective states.

The states have also asked 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 transfers for money deposited in deposit money banks and financial institutions.

This is among the reliefs sought by the Attorneys General of all the states who have dragged the Attorney General of the Federation, Abubakar Malami, to court over alleged failure to remit stamp duties proceeds into their accounts.

According to the statement of claims, the states also asked for “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.

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