The stamp policy of the Federal Government expected to generate N5 trillion has been stopped by an Abuja Federal High Court.
Justice Gabriel Kolawole in a judgment held that the policy being implemented by the Nigerian Postal Service (NIPOST) was unconstitutional, illegal, unlawful and ultra-vire. He therefore set it aside.
Delivering judgment in a suit filed by the Nigerian Bottling Company (NBC) against the Nigerian Postal Services (NIPOST) and a private firm Kasmal International Services, the judge held that NIPOST under the law was not a tax-collecting establishment of the federal government.
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