The Nigerian Postal Service (NIPOST) has said that it is reinforcing the Stamp Duties Act of 1990 in order to enhance transparency in business transactions.

The Public Relations Officer, NIPOST, Port Harcourt Territorial Headquarters, Mr Godwin Akpan, disclosed this last Wednesday, in a chat with The Tide in is office in Port Harcourt.

Mr Akpan noted that transactions among businessmen are becoming more blurred adding that the reinforcement of the Stamp Duties Act would shade some light in the transactions.

He stated that the lack of sincerity in business transaction had resulted to court cases which he said the stamps in the past had helped to prove such cases.

In his words “by this act it means that once you transact a business, a stamp is affixed to the bought item just in case of some ugly developments tomorrow. These days there are cases even in the courts where people claim that they never bought such items. At this stage, the stamps come in.”

Mr Akpan explained that the Act would also encourage the presence of philatelic stamps irrespective of the time to further promote sincerity among businessmen and their transactions.

He revealed that the federal government had issued a circular to all territorial headquarters to that effect adding that the banks had been penetrated with the act and other sectors are yet to be effected.

“For now, we have succeeded in the banks. We are yet to reach other sectors and very soon, that will be done” he said.

The PRO Port Harcourt territorial headquarters further stated that NIPOST is devising every means within its power to bring postal services to the door post of the people.

He said that one of such ways is the introduction of post shops where people are engaged in postal services and delivery at their various places.

Mr Akpan said “we are also into post shops. People apply for the form with the sum of N500. Once the Area Postal Manager approves your form, you are given a post shop box.