CBN extends stamp duty collection to savings accounts | Nigeria News Today. Your online Nigerian Newspaper

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The Central Bank of Nigeria(CBN) has instructed commercial banks across the country to extend the deduction of N50 stamp duty to savings account transactions.


The apex bank had previously exempted savings accounts through a circular issued on January 15, 2016.

With this directive, every third party deposit into a savings account with a value of at least N1 000, will be automatically charged N50 stamp duty fee.

It is, however, not clear if deposits made by owners of savings accounts would be exempted.

It is also not clear whether salary accounts are exempted.

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  1. Keep pushing Nigerians to the wall you crazy CBN of a crazier Country. That's why we prefer MMM over you craziest banks. Fools sucking innocent people's hard earned shavings. Awon Oloriburuku. Ee ni sorire leyokaankaan

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  2. Keep pushing Nigerians to the wall you crazy CBN of a crazier Country. That's why we prefer MMM over you craziest banks. Fools sucking innocent people's hard earned shavings. Awon Oloriburuku. Ee ni sorire leyokaankaan

    ReplyDelete
  3. The stone you throw from outside would finally land on your head. The way our bald are might affect them because Nigerians are now paying for what they didn't price talk more of buying. If anybody wants to use his position to fraustrate the alfeady frustrated Nigerians God know where.this going to land us, because what else to do?

    ReplyDelete

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