MinorityTribe:
Abeg o i be student. So if my popsman send N3000 and you deduct N50, Banks too deduct their own share wetin go remain? And you know you must leave some certain amout of money in the bank(You can't redraw everything). Also the lowest i can redraw is N500. Out of N3000 na only N2000 i go fit redraw o. Make una pity students na. Unless you want to use the N2.5b Daily for the students.

omenka:
I have faith the money would be used judiciously and not embezzled in such a brazen and callous manner as witnessed in previous admins.

For all those who would flood here to throw tantrums, do this little math:

Your Hero was taxing Nigerians over 30 naira per litre of fuel. If you buy just 2litres, you've been "taxed" 60 naira. Do an estimate of the amount the government was making with regards to out total daily consumption- that was what they were realising under the phantom SURE-p. Pray tell, what exactly did they do with all that money??

Can't wait for a comprehensive probe of that programme- I'm sure we'd stumble on another gargantuan "gate".

PAINGAIN:
Na wao. Over 2billion a day if there r 50million transactions or atleast over 1billion if its 25million transactions per day. This one is more than one chance walahi. This one is done. Now unto the next phase which is finding more ways to milk nigerians dry. Buhari will make sure nigerians pay dearly for rejecting him for 12 years and wasted his money. Now its payback time. My only consolation is that his gullible supporters will also pay the 50 naira. Una never chin chum chin.

phemmie06:

I hear say salary account is excluded

PAINGAIN:
Na wao. Over 2billion a day if there r 50million transactions or atleast over 1billion if its 25million transactions per day. This one is more than one chance walahi. This one is done. Now unto the next phase which is finding more ways to milk nigerians dry. Buhari will make sure nigerians pay dearly for rejecting him for 12 years and wasted his money. Now its payback time. My only consolation is that his gullible supporters will also pay the 50 naira. Una never chin chum chin.

Proudlyngwa:
Even though I believe this policy should be scrapped, as it will have negative effects on small and medium scale enterprises using the cashless mediums, it is a policy that was brought up in the last administration so stop blaming APC



MOFO

Idrismusty97:
So long as it is used effectively no problem. By the end of this administration, After all the loopholes are properly blocked, TSA is effectively utilized, Wastage eliminated and our Tax system is in standard like in developed Nations. Nigeria will come to appreciate and realized how much more revenue we could have been making yearly.

mbv90:
This is just the beginning!!! Buhari is just starting, welcome to change,

Oladipupo22:


Your blindness to facts is well noted! The law is Stamp Duties Act 2004!

Dont make good people like us use curse words Please...

TeOwl:
it is just N50 on N1000 deposits that does not include salary accounts.... did you know that oil prices are falling? where does the government get money for projects and to fund the budget?

omenka:
I have faith the money would be used judiciously and not embezzled in such a brazen and callous manner as witnessed in previous admins.

For all those who would flood here to throw tantrums, do this little math:

Your Hero was taxing Nigerians over 30 naira per litre of fuel. If you buy just 2litres, you've been "taxed" 60 naira. Do an estimate of the amount the government was making with regards to out total daily consumption- that was what they were realising under the phantom SURE-p. Pray tell, what exactly did they do with all that money??

Can't wait for a comprehensive probe of that programme- I'm sure we'd stumble on another gargantuan "gate".

omenka:
I have faith the money would be used judiciously and not embezzled in such a brazen and callous manner as witnessed in previous admins.

For all those who would flood here to throw tantrums, do this little math:

Your Hero was taxing Nigerians over 30 naira per litre of fuel. If you buy just 2litres, you've been "taxed" 60 naira. Do an estimate of the amount the government was making with regards to out total daily consumption- that was what they were realising under the phantom SURE-p. Pray tell, what exactly did they do with all that money??

Can't wait for a comprehensive probe of that programme- I'm sure we'd stumble on another gargantuan "gate".

Basildvalour:
Just tell whoever is paying the money in for you to use your name as the depositor and register the transaction as SELF

Themaingate:


REDRAW? STUDENT INDEED

ochukofortune:
This is the case of using peter's money to settle paul's problem. #50 is too big to be deducted from poor nigerians. Businesses are folding up, people are getting sack and instead of the government to seek better investment strategies, they instead want to squeeze the remaining drops of water from the throat of the masses. It is a pity that nigerians just overlook a lot of shit that are happening. This can't happen in South Africa or even Ghana. This is a Ponzi scheme by our own government.

MinorityTribe:
Abeg o i be student. So if my popsman send N3000 and you deduct N50, Banks too deduct their own share wetin go remain? And you know you must leave some certain amout of money in the bank(You can't redraw everything). Also the lowest i can redraw is N500. Out of N3000 na only N2000 i go fit redraw o. Make una pity students na. Unless you want to use the N2.5b Daily for the students.

Proudlyngwa:


Good people like you, abeg spare me that lie.
If it is in existence since 2004 how is it APC's fault as they person I quoted claimed. Looks like you just Like picking quarrels as you have nothing to do.
I only asked it should be reviewed, what is wrong with that.

The policy complies with the provisions of the Stamp Duty Act 2004 and the Federal Government of Nigeria’s (FGN) Financial Regulation of 2009.

“With immediate effect, all DMBs and other financial institutions shall commence the charging of N50 per eligible transaction in accordance with the provisions of the Stamp Duties Act and Federal Government Financial Regulations 2009, that is, all receipts given by any bank or other financial institution in acknowledgment of services rendered in respect of electronic transfer and teller deposits from N1, 000 and above.''

http://www.vanguardngr.com/2016/01/fg-imposes-n50-stamp-duty-on-bank-customers/

Hope you know where the last administration in my posts come from before you continue with your busybody

omenka:
I have faith the money would be used judiciously and not embezzled in such a brazen and callous manner as witnessed in previous admins.

For all those who would flood here to throw tantrums, do this little math:

Your Hero was taxing Nigerians over 30 naira per litre of fuel. If you buy just 2litres, you've been "taxed" 60 naira. Do an estimate of the amount the government was making with regards to out total daily consumption- that was what they were realising under the phantom SURE-p. Pray tell, what exactly did they do with all that money??

Can't wait for a comprehensive probe of that programme- I'm sure we'd stumble on another gargantuan "gate".

scribble:
If you voted APC and come here to complain, the thunder that will fire you is in an ISIS training camp


Mofos

drshrewd:
very creative policy with minimal burden yet with so much return____close to a trillion naira a year. trust Buhari to utilize those monies unlike my stealing is not corruption brother

Oladipupo22:


The last administration started in 2010 so what's with all these you're saying?

Move abeg