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Home Business News Business

NIPOST-FIRS disagreement: Issue not yet resolved – Accountant-General

William Ukpe by William Ukpe
March 6, 2021
in Business, Spotlight
FG records revenue of N676.41 billion in July, AGF launches Committee on Financial Transparency Guidelines and Open Treasury Portal, Office of Nigeria's Account General is reportedly engulfed in flames, Auditor-General, Accountant-General, grants, FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again,

Accountant general of the Federation, Idris Ahmed

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The Accountant General of the Federation, Ahmed Idris has stated that the issues between NIPOST and FIRS, related to stamp duties have not been completely settled.  and that the AGF’s office will broker peace between the two organizations.

The AGF disclosed this on Friday in Abuja when the management of NIPOST, led by the Postmaster General of the Federation, Dr. Ismail Adebayo Adewusi, paid him a visit.

On the faceoff between NIPOST and the FIRS, the Accountant General of the Federation said, “although the issue may not be completely resolved, there is the belief that discussion and dialogue are the most effective means to resolve the issues. We will continue to arbiter, to broker peace and to moderate between the two organizations.”

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He also urged NIPOST to improve its operations, citing that it is “sitting on a gold mine,”

“I want to reiterate that NIPOST is sitting on a gold mine, NIPOST is sitting on assets, physical assets, landed properties, NIPOST has vast human and material resources. NIPOST should wake up and live up to expectation because in all honesty, there is no reason why NIPOST should remain the way it is”.

“NIPOST should think out of the box, there are a lot of things NIPOST can do to generate money. I am posing this challenge to the Postmaster General and his team. Whatever it takes to bring out NIPOST from the present condition should be done. You have assets, you have human capital, you have all it takes and you now have legislation backing you up, so you have everything that you need,” Idris said.

What you should know 

  • Narametrics reported on August 2020 the public dispute between NIPOST and FIRS over Stamp duties after NIPOST reacted to claims by the FIRS that it is operating an illegal Stamp Duty Account.

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William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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NNPC no longer owns 20% of Dangote Refinery, says Aliko Dangote

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