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AGF tells NIPOST to leverage huge asset to generate revenue

Bukola Afeni

The Accountant General of the Federation, Ahmad Idris  is urging the management of NIPOST to leverage its huge assets and human resources to generate revenue.

He stated this while receiving the Postmaster General of Federation, Dr. Ismail Adebayo Adewusi at the Treasury House in Abuja.

He assured the Postmaster general that the office of the Accountant General will create a synergy for mutual cooperation between government sister agencies.

“NIPOST’s request for issuance of a Treasury circular to re-enforce the implementation and compliance of the Stamp Duties Act on physical denotation of stamp will be granted.”

The PMG visit was to seek the office of the Accountant General in respect to regulation of the Finance Act 2020, which empowers NIPOST as the sole authority to issue stamps for denotation and authentication of document. He explained that with the passage of the stamp Duties Act , it  has created a Stamp Authentication compliance Department (SACD)  to drive the process of implementation.

The Postmaster general also appreciated the AGF for the active role he played during the imbroglio between NIPOST and the Federal Inland Revenue Service.

He said  Mallam Ahmad Idris has been a reliable partner since his appointment as the Postmaster General.

“Am congratulating the AGF on his reappointment for a second term by President Muhammadu Buhari. It is a demonstration of the president’s conviction of the enormous transformation and transparency he has achieved in nation’s financial account.”

The Postmaster General entreats the AGF to issue a Treasury circular to direct all MDA on the full compliance and implementation of the denotation of the physical stamp on all government transactions.

“We are soliciting  for a partial waiver for NIPOST to operate a Commercial Bank Account to enable its drive its Financial Agency Services, stating that the TSA hinders stream less cash disbursement of its International Money Transfer(In –Bound Remittance)to beneficiary.”

 

 

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