The Central Bank of Nigeria (CBN) recently announced the introduction of a Stamp Duty Charge for payments of N1000 and above received into your account.

Effective January 15, 2016, you will be charged N50 as a beneficiary/recipient of funds via cash deposit, cheque deposit or electronic transfers of N1000 and above.
Please see the accounts/transactions that are exempted below;
- Savings accounts
- Salary accounts
- Account transfers to your own account within or outside the bank

Please note that this Stamp Duty Charge applies to transactions of N1000 and above, and NOT every N1000
deposited to your account
source:http://solenzoinfo..com.ng/2016/01/introduction-of-n5000-stamp-duty-charge.html

Relieved, .. so bubu will not chop my 50 bucks

I think it's a better way of generating fund for the FG to fund the budget so far there is assurance it will be judiciously used and not looted.

We still have confidence in PMB.

There is no point here. My savings account was charged when inmade payment with POS at an eatery....

segebobo:
Relieved, .. so bubu will not chop my 50 bucks

I tell you