This is bad. Why tax poor Nigerians Tax the rich and create enabling environment for poor people to be rich. Na wa for these politicians.

kokomaster3d:
What is wrong with them abeg

Nigeria, a den of thieves. Who ask them to stamp on out money? They should keep their stamp and leave us to manage the little we have and not use fake stamp to steal from the little we have to add to the more they have stolen.

walexy100:


You are the small mind because you are a bloody liar.

Is that all the venom you can give me? Take a chill pill. We are all in Nigeria feeling the heat and praying for better days. But unlike you, I am not transferring my pain and aggression to others. Chill man. We are not in a contest of who is Mr. Know it All. But if you claim to know it all, then I submit to your grand intelligence. You win!

Omooba77:


No it is just now, I have been using POS for ages without issue, until last week and I started seeing extra N50

Wait oooo, is that one for Current or Savings account

Goldencheese:


All my accounts are current and business accounts, may that is why I see so many deductions.

Justified deduction for u then.....but if they’ve been truly charging u 50naira for POS transaction and web transaction..... take it up with them...they will stop it....
I’ve moved my money to standard chattered...this week.... my insurance person told me about the bank...
the bank is the best bank...they behave like uk banks... they don’t charge for using other banks ATM and many other charges like....ATM is free just like Uk banks

this is supposed to be a law... a customer isn’t supposed to be charged for using another banks terminal since ur ATM network isn’t wide enuf.... no bank has ATM within a 10block mile radius hence these charges are not justified.....but this is Nigeria ....a lot of things are illegal

You don't say! Thanks, man. Glad I chatted with you know today. Learnt a few things.

God bless.

1StopRudeness:



Justified deduction for u then.....but if they’ve been truly charging u 50naira for POS transaction and web transaction..... take it up with them...they will stop it....
I’ve moved my money to standard chattered...this week.... my insurance person told me about the bank...
the bank is the best bank...they behave like uk banks... they don’t charge for using other banks ATM and many other charges like....ATM is free just like Uk banks

this is supposed to be a law... a customer isn’t supposed to be charged for using another banks terminal since ur ATM network isn’t wide enuf.... no bank has ATM within a 10block mile radius hence these charges are not justified.....but this is Nigeria ....a lot of things are illegal

Goldencheese:
May be you didn't notice or you get anointing for head that made them overlook you. Every 1,000 and above I send out or that is paid to me, they jejeli remove their N50 stamp duty. I don resign to fate.

It is well!

v

Your account is current account that is why. Use savings accounts to avoid that charge. The person you quoted is correct.

smasher1:
v

Your account is current account that is why. Use savings accounts to avoid that charge. The person you quoted is correct.

Thanks @Smasher1, I appreciate your kind responses loads. Thanks

Celebsnews:
Wow. Insightful...

Meanwhile, meet fast rising child actor, Little Daniella. Trust me, you would love her after watching this!

https://www.youtube.com/watch?v=YLziZ850q7Y

she's all grown now

For example 50 naira times 10million people in a month thats like 500million in one month. Lol...

Shabi una no wan get sense..
Farmers

Lets revolt una no gree.
U all just want to stay at home and tweet nigerians problem!!! Lolouder

Some of you people who have money will be thinking if the worst come to worse you will travel out of the country.. Na there alll of una go die!! Because you have not clear your country of corruption you want to go and mess up another mans land. Them go kill una finish.. This is just the begining..
To me there is no billionaire in this counry no millionaire.. Nothing! Just bunch of afraid kids in sponge bob square pants. You think your money will save you?

If only we have youths like me ..strategic thinkers and visionaries, countries are building planets ordinary roads we can not maintain..

You say you have money , you are poping Campagne instead of creating innovations and recruiting inspired minds. You are buying table for 5 and table for 10. You go soon hear am..

Shabi una no wan get sense

Omooba77:


No it is just now, I have been using POS for ages without issue, until last week and I started seeing extra N50

it has been long they started it. for 2yrs now, every transaction I made online, like transfer, they takes #50. may be ure just noticing it now.

ihitenansa:
she's all grown now

Yeah. Subscribe for more.

Omooba77:


Amen oo, but they just started deducting the N50, because I monitor my account, I will not have called bank if it has been on and I use POS allmost everyday.

Who are they charging? The POS agent or the customer that made transaction with a POS. Example, I go to Shoprite and pay with my card, whose #50 are they deducting, mine or shoprite?

They charge N52 actually..so this is a downgrade which is good.

Next level things!
Ironically, as the next level constriction continues successful like this, it won't take long before the great exchange...
Hailers will turn to wailers
And vice versa..

Anytime, my taxes are deducted from my wages, it pisses me off.
Not because of the taxes, but because I am paying it to this freaking buhari govt.

JubrinElSudan:
Who are they charging? The POS agent or the customer that made transaction with a POS. Example, I go to Shoprite and pay with my card, whose #50 are they deducting, mine or shoprite?

Yours.

RTSC:

Yours.

Interesting and I withdrew with my current account ATM card yesterday via POS. I have deleted the Alert they sent, I didn't check if they charged the #50

This shiit can't happen in a more civilised clime, I just tire for Nigerians. Everyone is afraid of dying yet very few are living

Oh Lord! Who will savage this country

I am just wandering when are we going to rise in unity and face these our so called leaders in this country?
Oh, Yeah I get it, you have food on your table so you don't care if your neighbor is starving, ok you have a flourishing business so why would you want to join the 'touts' on the street
You're right, you're a muslim, and the president is also a Muslim so you won't say anything that will make a mockery of Islam, the list is just endless
Las.. Las we all go learn by affliction since we've refused to learn by instructions!

if u are working on d canter in a bank you bette start to bank u bag if u dont have big canopy to hide under, because some of us we now be patronizing once in a month and use d local kolo instead of paying that 50 bucks men

somehow:
Had this issue with FCMB which made me dump them
None of my other banks charge me.

The others charge you too but they make sure you don't see the money going out.

Criminal.

Now someone in FIRS would buy a new car with the sweat of the poor man's 'stamp duty'.

Omooba77:
Government now charge people for spending money through POS and they are shouting cashless

They want to force people to be carrying cash and provide Job for their political thugs cum robbers.

Goldencheese:
May be you didn't notice or you get anointing for head that made them overlook you. Every 1,000 and above I send out or that is paid to me, they jejeli remove their N50 stamp duty. I don resign to fate.

It is well!

I use pos I don’t get that deduction before now

JubrinElSudan:
Interesting and I withdrew with my current account ATM card yesterday via POS. I have deleted the Alert they sent, I didn't check if they charged the #50

I receive double text. The first telling me the transfer was successful, and another saying 50 bucks was debited.

Initially, it was 50 Naira stamp duties on the entire transaction for the day. But now you pay 50 Naira on each transaction provided it is 1k upward. And with ds, bank charges is not yet added o.

beambally:


yes, the guy you quoted is correct, stamp duty on deposit of over 1k have been on for over 2 yrs for pple using current accounts and not savings account, maybe u don't monitor you account.but this new policy is talking to web & POS merchants, for any settlement they receive daily , the bank will unbundle dat settlement (because transaction settlement are lumped together) for every transaction above 1k the merchant will get debited for stamp duty, if u v done 100 transactions above 1k, u get debited 5k for stamp duty.

That would kill pos activity altogether. The charges will be on the payer's end, not the payee.

Multiple taxes are being stealthily introduced via the banks because Buhari, Abba Kyari & Daura (the triumvirate currently ruling Nigeria) think that's the only way to balance the budget. But if these three evil 'leaders' were to be honest with themselves, they would realize that the budget itself can be cut by as much as a third, by stripping off extraneous expenses in the form of duplicated parastatals, agencies and white elephant projects.

Digitalcreator:
For example 50 naira times 10million people in a month thats like 500million in one month. Lol...

Shabi una no wan get sense..
Farmers

Lets revolt una no gree.
U all just want to stay at home and tweet nigerians problem!!! Lolouder

Some of you people who have money will be thinking if the worst come to worse you will travel out of the country.. Na there alll of una go die!! Because you have not clear your country of corruption you want to go and mess up another mans land. Them go kill una finish.. This is just the begining..
To me there is no billionaire in this counry no millionaire.. Nothing! Just bunch of afraid kids in sponge bob square pants. You think your money will save you?

If only we have youths like me ..strategic thinkers and visionaries, countries are building planets ordinary roads we can not maintain..

You say you have money , you are poping Campagne instead of creating innovations and recruiting inspired minds. You are buying table for 5 and table for 10. You go soon hear am..

Shabi una no wan get sense

Go and do a one man protect. I would love to read your story on Nairaland front page of how police reconstructed your face from a black man to a Chinese. Who knows, you might inspire someone.

/
Did I hear wailing?

Thanks Pa Buhari.

Next time squeeze the balls harder.

Nigerians must learn.

/

Seun:
Sadly, this is a regressive tax. Small transactions are hit harder than large transactions. An anti-poor-people tax.

Very true