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Senate Committee Demands Stamp Duty Revenue Records from Governors, Banks

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By Yusuf Danjuma Yunusa

The Senate Public Accounts Committee has issued a 12-day ultimatum to the Nigeria Governors’ Forum (NGF), the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), and all commercial banks to provide detailed records of all stamp duty revenue generated between 2016 and 2024.

The directive, announced by Committee Chairman Aliyu Wadada at the National Assembly on Thursday, aims to assist the federal government in tracking revenue and auditing the management and expenditure of these funds.

“It is, of course, one thing to be able to generate revenue, and it is a different ballgame for the revenue to be judiciously put together and effectively utilised. It is in the light of that that this committee thought it wise to look at the profile of revenue as regards the stamp duty in the country.

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“As a result of that, this committee has written to all commercial banks to furnish it with information that will be accompanied by figures as to how much that particular bank or collectively all the commercial banks have been able to generate from 2016 to 2024.

“The committee has also written to the Central Bank of Nigeria to furnish it with information accompanied with figures as to how much has actually been remitted by these commercial banks and how much has Central Bank remitted to the TSA. This committee has also written the Federal Inland Revenue Service for it to furnish it with information that should also be accompanied with figures as to how much it has generated on this category of stamp duty.,” he said.

On the inquiry involving state governments, Mr Wadada, who represents Nasarawa West Senatorial District, explained that the committee wrote specifically to the Chairman of the Nigeria Governors’ Forum, Abdulrahman AbdulRazaq of Kwara State, seeking a breakdown of stamp duty proceeds received by states within the nine years.

“For this exercise to be all-inclusive and all-encompassing. The committee has also written to the Nigerian Governors Forum, specifically to the chairman of the forum , Governor Abdulrahman Abdulrasak of Kwara State, through its secretariat, to also furnish this committee with how much they have received as proceeds of stamp duty. This is all geared towards knowing what is where, and how effective it should be utilised, he added.

Stamp duty charges are fees imposed on banking transactions and certain legal documents. It has been a major subject of controversy in Nigeria for nearly a decade. Public scrutiny intensified around 2016 when the federal government began enforcing electronic stamp duty on bank deposits above a prescribed threshold.

Since then, disagreements have persisted among federal agencies, financial institutions and state governments over who is responsible for collecting the revenue, how much has been generated, and where the proceeds have gone.

Multiple institutions, including the CBN, FIRS, commercial banks and state governments, have at various times laid claim to portions of the revenue.

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A Calculated Effort Against Transparency”–Atiku Condemns Senate’s Electoral Decision

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By Yusuf Danjuma Yunusa

Former Vice President Alhaji Atiku Abubakar has issued a strong condemnation of the Nigerian Senate’s recent rejection of a real-time electronic transmission of election results, labeling the move a “calculated blow against transparency, credibility, and public trust.”

In a strongly-worded statement released today, Alhaji Atiku described the decision as a “grave setback for electoral reform” and a sign that the ruling establishment is unwilling to subject elections to public scrutiny.

“The decision of the Nigerian Senate to reject the real-time electronic transmission of election results is a deliberate assault on electoral transparency,” Abubakar declared. “At a time when democracies across the world are strengthening their electoral systems through technology, the Nigerian Senate has chosen to cling to opacity.”

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The former presidential candidate argued that real-time electronic transmission is a non-partisan democratic essential. “It reduces human interference, limits result manipulation, and ensures that the will of the voter… is faithfully reflected,” he stated. He criticized the Senate for reverting to a “face-saving provision” from the 2022 Electoral Act, which critics say allows for delays and potential interference.

Atiku framed the Senate’s action as part of a troubling pattern. “Every reform that strengthens transparency is resisted, while every ambiguity that benefits incumbency is preserved,” he asserted. This, he warned, raises “troubling questions about the commitment of the ruling political establishment to free, fair, and credible elections in 2027.”

He emphasized that elections must be decided by voters, “not by manual delays, backroom alterations, [or] procedural excuses.”

Concluding with a rallying cry, Alhaji Atiku Abubakar called on “Nigerians, civil society organizations, the media, and the international community to take note of this regression” and to demand a modern electoral system.

“Nigeria deserves elections that are transparent, verifiable, and beyond manipulation,” he said. “Anything less is an injustice to the electorate and a betrayal of democracy.”

The statement signals heightened political tensions as the nation begins its long-cycle preparations for the next general election, with opposition figures positioning electoral integrity as a central battle line.

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INEC Snubs Turaki Faction of the PDP During Crucial Meeting with Political Parties

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By Yusuf Danjuma Yunusa

The Independent National Electoral Commission (INEC) has convened its first regular consultative meeting of the year with registered political parties, marking the start of formal preparations for the 2027 general elections.

The meeting, held at INEC headquarters in Abuja, has drawn leadership from major parties but is being overshadowed by a conspicuous intra-party division. A faction of the main opposition Peoples Democratic Party (PDP), led by former Minister of Special Duties Tanimu Turaki, is notably absent.

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In contrast, the PDP’s rival faction, led by National Secretary Samuel Anyanwu and its factional National Chairman, Abdul Rahman Mohammed, is in attendance.

The session features broad participation from other key political organizations. The ruling All Progressives Congress (APC) is represented by its National Chairman, Nentawe Yilwatda, and the party’s National Secretary. The Labour Party delegation includes its National Chairman, Nenadi Usman, and National Secretary Senator Darlington Nwokocha.

The consultative forum is a critical mechanism for INEC to align with political stakeholders on electoral timelines, frameworks, and potential reforms ahead of the next national polls.

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Abubakar Isah Dandago Resigns as Hikima Radio GM

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Abubakar Isah Dandago, a veteran journalist, has resigned as the pioneer General Manager of Hikima Private FM in Kano.

Abubakar Isah Dandago is a veteran journalist based in Kano who worked with various radio stations and currently is a reporter with Radio France International.

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He wished the station well and his colleagues with whom he worked during his stay as General Manager.

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