Through
the Central Bank of Nigeria, the Federal Government on Tuesday, imposed stamp
duty of N50 on bank customers for money received into their account.
Bank
customers will henceforth pay N50 stamp duty for money received into their
accounts via electronic transfer, cash and cheques.
This
order was contained in a circular to all Deposit Money Banks and Other
Financial institutions titled, Collection and Remittance of statutory charges
on receipts of Nigeria Postal Service under the Stamp Duties Act”.
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