Overview

The Stamp Duties Act (CAP. 441 LFN, 1990) is a Nigerian legislation that governs the imposition, collection, and administration of stamp duties on various instruments. The Act is structured into two main parts: Part I covers general provisions applicable to all instruments, while Part II contains specific regulations for particular types of instruments. Key provisions include the charge of duties as per the Schedule, appointment of Commissioners of Stamp Duties, rules for stamping after execution, adjudication procedures, and penalties for non-compliance. Specific instruments covered include agreements, bills of exchange, promissory notes, bills of lading, charter-parties, contract notes, and conveyances on sale, among others. The Act outlines the modes of denoting duty, use of adhesive stamps, and conditions for admissibility of unstamped documents in evidence.

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