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Avoid The Fed Govt 50naira Stamp Duty; Start Using Mobile Money - Business - Nairaland

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Avoid The Fed Govt 50naira Stamp Duty; Start Using Mobile Money by ndcarl(m): 7:17pm On Jan 20, 2016
Recently THE Federal Government through the Central Bank of Nigeria, on Tuesday, imposed stamp duty of N50 on bank customers for money received into their accounts. Which means bank customers will henceforth pay N50 stamp duty for money received into their accounts via electronic transfer, cash and cheques.

Questions have been raised for deposit and transfer for small amount of money; i will say register for a mobile money account and start accepting payment and transfer with your mobile phones. This way you can get your full amount and withdraw from any ATM machine near you.

This has been an observation by:
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Re: Avoid The Fed Govt 50naira Stamp Duty; Start Using Mobile Money by Nobody: 9:11pm On Jan 20, 2016
How do we withdraw cash from mobile money?

How do i fund the mobile money without depositing?

You cannot escape a bank. Even mobile money are powered by banks. So the stamp duty will still be paid

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