Justice Inyang Ekwo of the Federal High Court in Abuja don give order to Central Bank of Nigeria (CBN) to pay Kasmal International Services a whopping sum of N579 billion. This judgment come after a long legal battle over stamp duty.
The court ruling indicate say CBN must settle this huge debt to Kasmal International Services, which dey relate to stamp duty collection. Dis decision go be a significant one, as it involve large amount of money and could have implications for how stamp duty dey managed in Nigeria.
Kasmal International Services, dey claim say dem entitled to dis payment based on their role in collecting stamp duty. The company argue say dem follow all necessary procedures and regulations, and therefore, dem deserve dis compensation.
Dis judgment go spark discussions and reactions from various stakeholders, including financial experts, legal practitioners, and the general public. It also raise questions about how CBN go manage dis large payment and what impact it go have on Nigeria’s economy.
