According to a notice issued to all stakeholders, TTP's management stated that the NPA has instructed TTP to initiate the implementation of a directive that requires all issued receipts of N1,000.00 and above in value to carry a N50.00 stamp.
This directive, as outlined by TTP, aligns with a policy set by the Federal Ministry of Finance nearly two years ago, which was communicated to all Heads of Ministries, Departments, and Agencies.
The notice reads: "In accordance with the provisions of the Finance Act, the Federal Ministry of Finance issued a circular (dated April 19, 2021) instructing all heads of Ministries, Departments, and Agencies of Government to affix a N50.00 Stamp provided by the Nigerian Postal Service (NIPOST) on all issued receipts of N1,000.00 and above in value."
Following discussions between the Nigerian Ports Authority (NPA) and NIPOST regarding the implementation of the circular, NPA has directed Trucks Transit Parks Limited (TTP) to execute the circular's instructions on denoting all issued receipts of N1,000.00 and above in value with the N50.00 stamp.
“In furtherance to the provisions of the Finance Act, the Federal Ministry of Finance issued a circular (dated April 19, 2021) directing all heads of Ministries, Departments, and Agencies of Government to denote all issued receipts of N1,000.00 and above in value with N50.00 Stamp produced by the Nigerian Postal Service (NIPOST).
“Following engagements between the Nigerian Ports Authority (NPA) and NIPOST on the implementation of the circular issued, the NPA has now directed our company, Trucks Transit Parks Limited [TTP], to commence the implementation of the circular on the denotation of all issued receipts of N1,000.00 and above in value with N50.00.
“The implication of NPA’s directive above for stakeholders in the port environment doing business with TTP is that, from the effective date stated below, all bookings on the eto platform shall now attract a mandatory additional charge of N50.00. In the light of the foregoing, all stakeholders are by this notice, informed that in compliance with the above-mentioned directive of the NPA, TTP would commence implementation of the said directive, from September 1, 2023 (“Effective Date”)”.
