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The federal government has reacted to the N50 stamp duty imposed on consumers for transactions.

The Federal Competition and Consumer Protection Commission (FCCPC) said it had engaged the Central Bank of (CBN) and both agreed that the charge was counterproductive and burdensome.

Babatunde Irukera, FCCPC Chief Executive Officer, in a statement on Tuesday said businesses already capture the operating cost price of their goods and services.

He stated that to impose an additional fee on consumers that is exclusive of price and discriminates based on the selected mode of payment essentially amounts to a penalty for the adopted mode of payment.

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“The problems associated with carrying excessive cash in order to avoid a penalty are myriad and multifaceted”, Irukera noted.

“Accordingly, the Commission welcomes the CBN’s definitive statement on December 23rd, , clarifying its September 17, directive by Circular Ref. PSM/Dir/CON/02/015 that the directive did not intend to pass such fees to consumers.

“This makes it inappropriate and illegal for businesses to pass a stamp duty cost of doing their to consumers.

“Effectively, and in furtherance of this clarification, merchants are now prohibited from penalising or otherwise assessing any duty, costs or assessment characterised as “stamp duty” on consumers who select point of sale options to conclude their purchases or transactions.

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“The Commission hereby provides this guidance pursuant to S. 18 (2) FCCPA and prohibits any such assessments pursuant to S. 18 (a), (e), (f) and (h).

“In addition to the provisions above, such assessments may be in violation of other extant provisions and law, including S. 129 (1) (a) and (2).”

FCCPC added that in collaboration with CBN, other relevant regulators and law enforcement authorities, it would enforce the law to its fullest extent and invites consumers to violations with evidence.

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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News

COVID-19: NCDC Confirms 354 New Cases, Total Rises To 45,244

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The Centre for Disease Control (NCDC) has confirmed 354 new cases of COVID-19 in the country, bringing the total number of COVID-19 infection to 45,244.

The NCDC made this known via its verified Twitter handle on Thursday.

“On the 6th of August 2020, 354 new confirmed cases and 3 deaths were recorded in Nigeria.

“Till date, 45244 cases have been confirmed, 32430 cases have been discharged and 930 deaths have been recorded in 36 states and the Federal Capital Territory.

“The 354 new cases are reported from 17 states- FCT (78), Lagos (76), Kaduna (23), Ebonyi (19), Oyo (18), Nasarawa (17), Rivers (17), Delta (16), Kwara (15), Akwa Ibom (13), Edo (12), Ogun (12), Plateau (11), Kano (9), Bauchi (6), Borno (6), Ekiti (6),” the NCDC said.

READ ALSO  2020 UTME: No extension after Jan 17 as JAMB records highest registration ever

See the breakdown of cases by state below;

Confirmed Cases by State

States Affected No. of Cases (Lab Confirmed) No. of Cases (on admission) No. Discharged No. of Deaths
Lagos 15,627 2,316 13,119 192
FCT 4,241 2,965 1,231 45
Oyo 2,825 1,392 1,402 31
Edo 2,340 174 2,073 93
Rivers 1,911 267 1,591 53
Kano 1,608 264 1,291 53
Delta 1,557 110 1,404 43
Kaduna 1,530 183 1,335 12
Ogun 1,428 200 1,204 24
Plateau 1,294 676 598 20
Ondo 1,243 565 651 27
Enugu 880 377 485 18
Ebonyi 838 19 793 26
Kwara 815 452 342 21
Katsina 746 265 457 24
Borno 634 30 569 35
Abia 625 103 517 5
Gombe 620 68 529 23
Osun 586 273 300 13
Bauchi 574 40 521 13
Imo 472 315 147 10
Nasarawa 360 129 223 8
Benue 356 285 64 7
Bayelsa 342 31 290 21
Jigawa 322 3 308 11
Akwa Ibom 234 55 171 8
Niger 226 81 133 12
Adamawa 176 80 85 11
Ekiti 159 81 76 2
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Nigerian govt set to resume international flights, lists guidelines

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The Presidential Task (PTF) on COVID-19 has asked airline operators and aviation authorities, to begin the process for resuming international flights.

The PTF Coordinator, Sani Aliyu, stated this during Thursday’s media briefing in Abuja.

Aliyu said the Civil Aviation Authority (NCAA) and other agencies should commence the process.

According to him, passengers would arrive three hours before flights, when the country’s airspace finally opens for international operations.

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He said, “Specific to air transportation, as you are aware, domestic flights have already resumed, the railway sector has also restarted. For international travel, we have made recommendation to the aviation industry to commence the process for opening international airport provided all existing international and local Covid-19 protocol are in place.

“We have modified the protocol for passenger arrivals at the airports. Domestic passengers arriving at the airports are advised to arrive one hour before their flights and three hours before international flights when this restarts.”

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Domestic flights had resumed in Nigeria in July after a four-month closure due to COVID-19.

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