Overview

The Stamp Duties Act CAP. 441 LFN, 1990 is a Nigerian legislation that establishes the legal framework for stamp duties on various instruments. The Act is divided into two parts: Part I covers general provisions applicable to all instruments, including the charge of duties, appointment of Commissioners of Stamp Duties, use of adhesive stamps, adjudication processes, and penalties for non-compliance. Part II provides specific regulations for particular instruments such as admissions, agreements, appraisements, apprenticeship instruments, bank notes, bills of exchange and promissory notes, bills of lading, bills of sale, charter-parties, contract notes, and conveyances on sale. Key sections define terms, prescribe duty calculation methods (e.g., ad valorem for conveyances), and outline procedures for stamping after execution. The Act also addresses fraud prevention, appeals against assessments, and inspection of rolls. It applies to both physical and electronic instruments and references the Central Bank of Nigeria regarding bank notes.

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