The Nigerian Postal Service on Sunday said its stamp duty account was opened by the Central Bank of Nigeria under the Treasury Single Account. This in response to claims made by the Federal Inland Revenue Service.

The FIRS had claimed in a series of tweets last week that NIPOST operated an illegal Stamp Duty Account. It also vowed to ensure that all monies in the account were recovered and transferred into the Federation Account, adding that NIPOST must account for every kobo in the account.

“We hereby state categorically that the statement is false and made to misinform and mislead members of the public,” the postal agency said in a statement issued on Sunday by its General Manager, Corporate Communications, Frank Alao.

In the statement titled ‘NIPOST stamp duty account was opened by CBN’, the postal agency said the account in question was opened in consultation with the Office of Accountant-General of the Federation.

It said the name of the account was NIPOST Stamp Duties Collection Account, adding that the CBN gave instruction to Deposit Money Banks to commence the deduction of N50 stamp duties from bank customers accounts at the time.