Super1Star:


It will still go into the TSA.

The various banks will remit from the dedicated accounts they opened for this purpose, directly into TSA based on remittance periods stated by CBN.

Tokt:


I knew I struck a nerve when I called ur wretched lineage out. Again I reinstate and bold to say that no one in ur household has ever acheived as much as I have.

frankyychiji:
Ok I will. But why is the revenue accruing not funneled into the TSA? Just curious.

DropShot:
OP, you goofed big time. The Stamp Act has been in existence since 2004 but not enforced.
FG's revenue has seriously declined and the govt is right to enforce all "enforceables" at this critical time.
Also, the CBN account for the collection is the "collector" for such charges from where it will go into TSA.
Again, the charge is for receiving account from a 3rd party. Not even from your account in one bank to your other account in another bank.
Patriotic citizens will not attempt to fault this step.

Proudlyngwa:
Did this decision go through our useless federal house of Assembly, either for confirmation or review.
If this is allowed to stand, It will kill the cashless society we all crave for.
Nigeria is not due for this policy.Imagine receiving payment for a goods of 1,200 naira via POS after other bogus bank charges plus this rubbish.

gcof:
won't it be better if you give facts to support your argument instead of cursing someone's lineage

Proudlyngwa:
Did this decision go through our useless federal house of Assembly, either for confirmation or review.
If this is allowed to stand, It will kill the cashless society we all crave for.
Nigeria is not due for this policy.Imagine receiving payment for a goods of 1,200 naira via POS after other bogus bank charges plus this rubbish.

frankyychiji:
Ok. So i will be made to pay #50 for every 1k i deposit in the bank despite paying my income tax and vat on items. Hmmmm...this policy should have been expunged from wherever it contained, its anti-people.

banki:


Sometimes it's ok to read well

This is not a new law it has always been there we just didn't implement it!

Now it's going to be implemented,

frankyychiji:
Ok. So i will be made to pay #50 for every 1k i deposit in the bank despite paying my income tax and vat on items. Hmmmm...this policy should have been expunged from wherever it contained, its anti-people.

Tokt:
[s][/s]

Rubbish. Who is ur own dilector?
Again, if u are aggrived, go to court and lament there.
What the govt is doing is implementing existing laws and not creating new ones.

Yorubago:


Some people will defend anything this government does even though its arrant nonsense

obasiken:


From yur post i can deduce you have not left your fathers house so u dont understand what increase in taxes mean. A bag of rice is now 13500. Very soon you will be paying taxes on vegetables in yur parents farm.

byteem:


SHAARAAP.. OW MUCH DID THEY PAY YOU TO CONVINCE US.. SO GOVT DOES NOT NEED TO CONSULT US BEFORE THEY START TO SLASH OUR MONEY ABI..AM SURE THIS IS JUST THE BEGINNING.. AM CERTAIN THEY HAVE MORE SINISTER PLANS AHEAD..

THE ANNOYING THING IS THE WAY THEY GO ABOUT THEIR IMPLEMENTATIONS.. NO MEDIA AWARENESS NO NATIONAL ASSEMBLY APPROVALS NOTHING.. IS THIS MILITARY REGIME .. DONT WE DESERVE A SAY ON HOW WE ARE GOVERNED ... BUHARI IS A PRESIDENT NOT A RULER.. THIS IS A DEMOCRACY..

THEY SHOULD START BY SLASHING THEIR ALLOWANCES AND BENEFITS....OOK SO THIS IS HOW THEY WANT TO FUND THE 5000 STIPEND PAYMENT ... HHEEDIOTSS

Tokt:


Wont it be better for u to investigate and find out who first brought his wretched family to a NL discussion instead of poking ur nose to little or nothing u know nothing about?

Tokt:


U will be surprised that none in ur lineage have ever achieved what i have so far. Go to court if u are aggrived.

Tokt:


U are wrong. Please go back and read it up. Ur ignorance is glaring.

easrael:
Early this morning, I read a directive by the Central Bank of Nigeria to all Banks in the country where it ordered all banks in Nigeria to start charging N50 on all transactions that are above N1,000 from ALL Nigerians.

Now, as many of us may now know this until the banks start charging it and they give you tons of excuses for it.
Here are three facts why THIS charge is a FRAUD in totality!

1. This charge is to be under a particular stamp duty which is illegal in banking transactions! At least, I know stamp duties are charged under postal orders and not on some bank transactions.

2. The account number the money is to be remitted into (CBN NIPOST Stamp Duty Collection Account No 3000047517) is not the popular TSA account number which was created as the ONLY Government transaction’s correspondence! What this means is that the Federal Government is as corrupt as anything you can imagine, using this scheme to deprive the middle class off their hard earned money!

3. This scheme of generating funds was not listed as one of the means to be used to generate funds this year in the 2016 budget! I have read the 1800 page document page to page in details that I can almost tell where a particular item is placed. You all can take the pain to read it too. This government never listed this means as a non-oil revenue making means.

What this scheme is scheduled to do is to suffer the middle class and the lower class in Nigeria to feed some greedy, corrupt and selfish upper class. Why hasn’t the FG set up a tax on luxury items which the upper class in our strata is entitled to?

There are so many questions begging for answers that, some of which many among us will avoid answering them. I’ll leave you with this: Do not ever think you’ll benefit from the N5,000 to be given to the unemployed people because it is strictly a Northern affair! That is where we have the poorest of the poor!


Salem

Israel Oladipupo Ogunseye tweets via @LadiSpeaks

Tokt:
Arrant Nonsense. We are looking for immediate ways to depend less on crude oil money and run the economy u are here talking rubbish.
If u aren't happy, go to court and Sue the govt.
Besides, what the govt simply did is an implementation of an existing law that was never enforced. It's not a new law.

Tokt:
Arrant Nonsense. We are looking for immediate ways to depend less on crude oil money and run the economy u are here talking rubbish.
If u aren't happy, go to court and Sue the govt.
Besides, what the govt simply did is an implementation of an existing law that was never enforced. It's not a new law.

easrael:
Early this morning, I read a directive by the Central Bank of Nigeria to all Banks in the country where it ordered all banks in Nigeria to start charging N50 on all transactions that are above N1,000 from ALL Nigerians.

Now, as many of us may now know this until the banks start charging it and they give you tons of excuses for it.
Here are three facts why THIS charge is a FRAUD in totality!

1. This charge is to be under a particular stamp duty which is illegal in banking transactions! At least, I know stamp duties are charged under postal orders and not on some bank transactions.

2. The account number the money is to be remitted into (CBN NIPOST Stamp Duty Collection Account No 3000047517) is not the popular TSA account number which was created as the ONLY Government transaction’s correspondence! What this means is that the Federal Government is as corrupt as anything you can imagine, using this scheme to deprive the middle class off their hard earned money!

3. This scheme of generating funds was not listed as one of the means to be used to generate funds this year in the 2016 budget! I have read the 1800 page document page to page in details that I can almost tell where a particular item is placed. You all can take the pain to read it too. This government never listed this means as a non-oil revenue making means.

What this scheme is scheduled to do is to suffer the middle class and the lower class in Nigeria to feed some greedy, corrupt and selfish upper class. Why hasn’t the FG set up a tax on luxury items which the upper class in our strata is entitled to?

There are so many questions begging for answers that, some of which many among us will avoid answering them. I’ll leave you with this: Do not ever think you’ll benefit from the N5,000 to be given to the unemployed people because it is strictly a Northern affair! That is where we have the poorest of the poor!


Salem

Israel Oladipupo Ogunseye tweets via @LadiSpeaks