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Reps retain NIPOST’s powers over stamp duty in new amendment

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Reps retain NIPOST’s powers over stamp duty in new amendment

01 Dec, 2021

The House of Representatives, on Tuesday adopted the report by the Committee on Communications on the Nigerian Postal Service Act (Amendment) Bill, which will create Nigerian Postal Commission and make the already existing Nigerian Postal Service an operator under it.

 The proposed amendment will also retain NIPOST’s powers to collect stamp duty on behalf of the Federal Government. The legislation is titled, ‘A Bill for an Act to Repeal the Nigerian Postal Service Act Cap 6127 LFN 2006 and Establish the Nigeria Postal Commission to Make Comprehensive Provisions for the Development and Regulation of Postal Service; and for Other Related Matters.