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Nipost Parleys Anco on Stamp Duty Enforcement

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The Nipost Implementation and Monitoring Team is liaising with the Association of Nigeria Courier Operators (Anco) on effective implementation of stamp Duty Act by Nipost. The Stamp Duty Act makes it mandatory for organizations, government agencies and all establishments to affix fifty naira duty stamp issued by the Nigerian Postal Service on all receipts/invoices evidencing transactions of one thousand naira and above.
The Nipost Stamp Duty Implementation and monitoring Team made a representation at the Anco meeting held last month in Lagos. Charles Duruoha and Magnus Alagbogu of Nipost canvassed for cooperation of the courier professionals in achieving this objective. The Nipost team explained that they were not approaching the assignment from the angle of a conventional task force but to use every persuasive means to attract compliance.
The team said the cooperation of Anco in the agenda was strategic given the cordial relationship between the two bodies and that other sectors are looking up to Anco for successful implementation of the directive.
It would be recalled that the federal government of Nigeria through the Nigerian Postal service has decided to effectively implement the Stamp Duty Act of 1990 cap411 Vol. XX11 Laws of the Federal Republic of Nigeria as reviewed in 2004 chapter 58 Vol.XIV.
Registered courier operators are therefore expected to place their monthly, quarterly or yearly order for their offices nationwide. The Nipost team pledged to supply the stamps to every courier office that needs the stamps at no extra cost to them.
The Nipost Implementation and Monitoring Team also visited the maritime sector and asked for their cooperation with the directive. It was agreed between the stakeholders that September 1 should be the kick off date for the collection of stamp duty in the maritime sector.  Victor Nwagbo, head of operations of the team confirmed to Nigeria Communications Week that the take off date remained sacrosanct.
The team is working round the clock to create the awareness for effective implementation of the act across the sectors in Nigeria. Nwagbo complained that the courier sector is still yet to comply strictly with the directive but said dialogue was still ongoing to achieve the desired collaboration. Toyin Olufade, Anco president, commenting on the issue said members will still be reminded in their next general meeting on the need to conform to the directive assuring that there is no issue with his members complying with that.
Nipost has in its bid to shore up its resource base in line with its reform agenda added fervour to the Stamp Duty Act which had been docile even when it was reviewed in 2004 and pegged a N50 billion target for the team for one year. Payment of stamp duty is not limited to any particular sector. Any monetary transaction exceeding one thousand naira attracts a fifty naira stamp to be affixed on the receipt /invoice of such a transaction to make it a legal transaction. Many people are still confused about stamp duty and there is need that Nipost engages in wide publicity to get everybody along .

 


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NCC Arrests Man for Hacking into DSTV System

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Nigeria Copyright Commission (NCC), has arrested one Mr Aliu Olalekan, for allegedly hacking into DSTV system and watching the channels free without subscription.

NCC Arrests Man for Hacking into DSTV System

Mr Matthew Ojo, NCC Director in the Lagos Directorate Office said this while speaking with newsmen in Lagos, on Tuesday.

He said that the suspect used to watch DSTV channels free without subscription on his Android phone via an app which he downloaded on google play store.

“This suspect distributed the know-how to his telegram followers and on his blog with the aim of gaining more followers and viewership on his blog and makes more money through google ad-sense.

“The operation was based on surveillance which had earlier been carried out by the Multi-choice team and verified by a copyright inspector, ” he said.

He added that the arrest was made in collaboration with a team of copyright inspectors led by the Head of Enforcement Department, Mr Charles Amudipe.

Others included; a team from Multichoice Nigeria led by Mr Umar Ibrahim and policemen from Lagos Command Headquarters, Ikeja.

Ojo said that the joint team conducted an anti-piracy operation at the premises of the culprit in Amukoko, Lagos.

According to him, the suspect was contacted on phone by a member of the operation team on the disguise of patronising him. “The suspect came out to meet the caller and in the process of discussion, he was apprehended.

“The suspect took the team to his resident. The squad paraded his one-room apartment and recovered his laptop and phones used in perpetrating the ungodly act. “He was arrested and brought to the copyright commission office for further investigation, ” he said.

Ojo said that, on getting to the commission’s office, the statement of the suspect was taken and the inventory of items seized from him taken. He said that investigation on the matter was still ongoing and if found guilty the suspect will be charged to court.

 


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CBN Disburses N3.5tr COVID-19 Intervention Cash

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Central Bank of Nigeria (CBN) had disbursed N3.5 trillion to different sectors of the economy to cushion the effects of the Coronavirus pandemic.

CBN Disburses N3.5tr COVID-19 Intervention Cash

Mr. Godwin Emefiele, CBN governor

It will also contribute N1.8 trillion into the N2.30 trillion Federal Government’s one-year Economic Sustainability Plan (ESP) through its Participating Financial Institutions (PFIs).

Godwin Emefiele, CBN Governor stated this on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja.

Emefiele gave a breakdown of who got what out of the N3.5 trillion COVID-19 intervention as follows: Real Sector (N216.87 billion); COVID-19 Targeted Credit Facility (N73.69 billion); Agri-Business/Small and Medium Enterprise Investment Scheme (N54.66 billion); Pharmaceutical and Health Care Support (N44.47 billion); and Creative Industry Financing (N2.93 billion).

Under the Real Sector Funds, Emefiele said: “a total of 87 projects that include 53 manufacturing, 21 agriculture and 13 service projects were funded.

He added: “In the health care sector, 41 projects which include 16 pharmaceuticals and 25 hospital and health care services were funded.”

The CBN boss also said: “Under the Targeted Credit Facility, 120,074 applicants received financial support for investment capital.

“The AGSMEIS intervention has been extended to a total of 14,638 applicants, while 250 Small and Medium Enterprises (SMEs), predominantly the youth, have benefited from the Creative Industry Financing Initiative.”

Emefiele said in addition to  the  initiatives, the   apex bank “is set to contribute over N1.8 trillion of the total sum of N2.30 trillion needed for the one year  ESP, through its various financing interventions using the  PFIs.”


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Yobe Gov Approves Employment of Staff @ State Owned Broadcasting Stations

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Mai Mala Buni, governor of Yobe State has approved the appointment of experienced casual staff working at Yobe Broadcasting Corporation (YBC) and Yobe State Television (YTV).

Yobe Gov Approves Employment of Staff @ State Owned Broadcasting Stations

This is as part of efforts to ensure enough manpower for the on-going digitization of the two stations.

Abdullahi Bego, commissioner for Information, Home Affairs, and Culture revealed this when the officials of the Radio, Television and Theatre Art Workers Union (RATAWU) paid him a courtesy visit at the office in Damaturu.

Bego said the governor had after approving millions of naira for the total overhauling of the two stations directed for formulation of all strategies that will ensure effective implementation of the digitization process.

The commissioner also said, “His Excellency Hon. Mai Mala Buni is passionate about the digitization process of the media organizations in the state especially when it comes to equipment, staff strength and capability.

“The next step is the training and retraining of the staff of the two media organisations for efficiency in the execution of their job,” Bego disclosed.

He said the casual staffs billed for employment were serving at the stations for more than eight years while others five to six years without permanent appointment letters.

“We feel it is good to employ them taking into cognizance their experience in the system and dedication to duty.”

Bego commended RATTAWU among other members of the organization for their effort in informing, enlightening, and entertaining the public at all times.

Comrade Nasiru Illiya, chairman of RATTAWU, while speaking, said they were at his office to register their gratitude to the giant stride of Governor Mai Mala Buni, especially on the digitization of the two media organisations in the state.

“Sir, we are equally very grateful to note that within your short stay as commissioner of Information, we have started witnessing a positive transformation in the sector through the award of contracts worth millions of naira for upgrading YBC and YTV from analogue to digital transmission

“As I am speaking to you now, YBC is online transmission live,” Illiya disclosed


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