TVC E, BUSINESS – Financial Analyst, Oluseun Onigbinde has urged Nigerians to express displeasure over the N50 stamp duty levy of the Federal Government considering the effect the law would have on the finances of the common man.
Onigbinde said this during a seminar with the organisation’s consultants from 13 states in conjunction with a number of civil society organisations to keep abreast of happenings with Nigeria’s budget in Abuja.
According to him, “The law says that there must be stamp duties and the High Court reinforces that. That is good. Understandably, we need to raise non oil revenue. However, this law favours only those in government and their interests.”
Expatiating, Onigbinde said: “Strangely, people are not demanding accountability from those in government. People are not asking questions, demanding accountability or anything of sort from government. Perhaps, when it hits Nigerians that for every deposit, no matter how small, they will be charged N50, then they will understand the import of the law.”
