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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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Eid-el-Fitr: FG Declares Thursday, Friday Public Holidays

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By Yusuf Danjuma Yunusa

The Federal Government has officially declared Thursday, March 19, and Friday, March 20, 2026, as public holidays to celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan.

The announcement was made on Tuesday by the Minister of Interior, Olubunmi Tunji-Ojo, in a statement issued on behalf of the Federal Government by the ministry’s Permanent Secretary, Magdalene Ajani.

In the statement, the Minister extended warm greetings and heartfelt congratulations to the Muslim Ummah for the successful completion of the Ramadan fasting period.

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Tunji-Ojo encouraged the Muslim faithful to uphold the profound spiritual values fostered during the holy month. He emphasized the importance of sustaining the virtues of love, generosity, peace, tolerance, and sacrifice in their daily lives.

He also called on all Nigerians to leverage the festive occasion to offer special prayers for the nation’s continued peace, unity, and prosperity.

While wishing all Muslims a joyous and blessed Eid-el-Fitr, the Minister urged citizens to celebrate responsibly. He specifically encouraged acts of kindness and generosity towards the less privileged in society, embodying the spirit of the season.

The Minister reaffirmed the Federal Government’s steadfast commitment to fostering national unity and promoting peaceful coexistence among the diverse communities in Nigeria.

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Tinubu Orders Relocation of Service Chiefs to Maiduguri Following Deadly Borno Attacks

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By Yusuf Danjuma Yunusa

In a decisive response to Monday’s multiple bombings in Borno State, President Bola Tinubu has ordered the nation’s Service Chiefs to immediately relocate to Maiduguri to take direct control of security operations in the region.

The directive comes after coordinated attacks, suspected to have been carried out by Boko Haram terrorists around 7:25 pm, which resulted in the deaths of over 20 people and left more than 100 others injured.

President Tinubu issued the order while reacting to the tragic incidents shortly before his departure for a historic state visit to the United Kingdom. In a statement, he vowed that the Federal Government would not be cowed by terror.

“The recent news from Maiduguri, Borno State, is profoundly upsetting. I mourn those who lost their lives, sympathise with the injured, and stand in solidarity with the people of Borno during this challenging time,” the President said.

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Describing the attacks as the “final desperate and frantic attempts” of criminals facing relentless pressure from the military, Tinubu reassured Nigerians of his administration’s commitment to security.

“I want to make it categorically clear that these acts of terror are being carried out by elements trying to instil fear, as they are under constant pressure from our brave armed forces operating in various theatres. We will continue to intensify our efforts against all criminal elements, wherever they may be,” he stated.

The President commended the troops for repelling the assaults on military positions, praising their “courage and fighting spirit.” He reiterated that the terrorists would be defeated, noting that recent approvals for additional equipment and operational support following a security meeting last weekend were already being implemented.

“Our gallant military and civilian task forces will curtail and put them down,” Tinubu affirmed. “Just last weekend, during a security meeting with leaders of security and intelligence agencies, I approved additional equipment and operational support to enhance their capabilities. This effort is already in progress.”

Beyond the military directive, the President instructed emergency management agencies to ensure that the injured receive proper medical care. He concluded with a firm warning to the perpetrators.

“There is no place in Nigeria where terrorists will find safety. We will locate them, confront them, and completely defeat them. Nigeria will not succumb to fear.”

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Soludo Sworn in for Second Term as Anambra Governor

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By Yusuf Danjuma Yunusa

Governor Chukwuma Soludo of Anambra State and his deputy, Dr. Onyekachukwu Ibezim, were officially sworn in for a second term in office on Tuesday. The inauguration ceremony took place at the newly renovated Alex Ekwueme Square in Awka, the state capital.

The oath of office and the oath of allegiance were administered by the Chief Judge of Anambra State, Justice Onochie Anyachebelu, at approximately 11:05 a.m. The governor and his deputy were accompanied by their wives and other family members during the ceremony.

The event was attended by a host of high-profile dignitaries. Vice President Kashim Shettima, former Presidents Olusegun Obasanjo and Goodluck Jonathan, were present to witness the inauguration. Other notable personalities expected at the event included elder statesmen such as former Commonwealth Secretary-General Emeka Anyaoku.

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The newly refurbished Alex Ekwueme Square served as the venue for the ceremony, drawing a large crowd that included traditional rulers from all 179 communities in Anambra State, as well as monarchs from other parts of Nigeria.

Governor Soludo, who secured his re-election on November 8, 2025, under the platform of the All Progressives Grand Alliance (APGA), saw a strong turnout from party supporters. APGA members from all 326 political wards across the state mobilized to attend the event.

In light of the gathering, security was heavily reinforced across the state. Personnel from the Nigeria Police Force, the Nigeria Security and Civil Defence Corps (NSCDC), the Federal Road Safety Corps (FRSC), and other security agencies were deployed to strategic locations to ensure order.

The governor and his deputy marked the conclusion of their first term on Sunday with an interdenominational thanksgiving service held at the International Convention Centre.

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