Stamp duty: Union decries RMAFC’s failure to probe banks - News Summed Up

Stamp duty: Union decries RMAFC’s failure to probe banks


Adelani Adepegba, AbujaThe Nigeria Civil Service Union has expressed worries over the delay by the Revenue Mobilisation, Allocation and Fiscal Commission to probe 22 commercial banks, which failed to remit Stamp Duty collections to the Federal Government. Instead of investigating the banks as directed by the National Economic Council, the union said the RMAFC management was rather entertaining proposals from consultants and firms on the issue. The union also raised the alarm over what it described as the undue interference with the activities of the commission. It complained about the appointment of consultants to carry out functions, which the members of staff were capable of handling. The NCSU said, “On the payroll of the commission are accountants, economists, statisticians and forensic auditors.


Source: Punch April 20, 2019 00:45 UTC



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