Section 126

(1) Every instrument executed in Nigeria, chargeable with a duty Obligation
as prescribed under Chapter Five of this Act, shall be stamped not later than to stamp
days after its execution by the person required to pay the appropriate duty.
(2) A person, being the transferee of interest in a real property, other than
in a voluntary disposition during the lifetime of the transferor, or beneficiary of
a service for which consideration was paid, or any other person taking the
security in a transaction for which an instrument is executed, shall be respon-
sible for paying the duty relating to the transaction.