Flingpord

  The Body of Attorneys General of the States of the Federation has disapproved of the Federal Government’s incorrect distribution of funds derived from the Electronic Money Transfer Levy to the federal, state and local governments. BOAGS stated that the action of FG is in disregard of Constitutional and statutory provisions that neither Section 163 of the 1999 Constitution nor Section 89A of the Stamp Duties Act (SDA –introduced through Section 48 of the Finance Act 2020) countenance the disbursement of the EMT Levy to the Local Governments. This was part of a communique issued and signed on behalf of members by the Chairman of the Body, Mr Moyosore Onigbanjo (SAN), Attorney General and Commissioner for Justice, Lagos State as well as the Secretary, Dr Abdulkarim Kana, Attorney General, Nasarawa State,  from its second meeting held in Asaba, Delta State from 30th November to 2nd December 2022. According to the communique, SDA provides a sharing formula for the revenue derived...