•Nigerian Senate chamber The Senate has commenced a comprehensive investigation into stamp duty collections reportedly amounting to several trillions of naira, seeking full disclosure from commercial banks, the Central Bank of Nigeria (CBN), the Federal Inland Revenue Service (FIRS), and state governments. Chairman of the Senate Public Account...
The Court of Appeal sitting in Abuja today reversed the judgment of a Federal High Court ordering the Central Bank of Nigeria (CBN) to pay Kasmal International Services the sum of N579,130,698,440 for its involvement in stamp duty collection. Justice Adebukola Banjoko, who delivered the majority judgment of two to one of the Appeal Court, [&he...
Justice Inyang Ekwo of the Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay Kasmal International Services N579,130,698,440 with 10% interest per annum for its role in stamp duty collection. The interest will apply from January 1, 2015, to January 31, 2020, reports The PUNCH. Kasmal, through their lawyer Alex […...
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