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Stamp Duty: Nigeria Banks Have Disregards Fg’s Directive On Deposits Below N10k - Business - Nairaland

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Stamp Duty: Nigeria Banks Have Disregards Fg’s Directive On Deposits Below N10k by brantwitter: 10:23am On Mar 16, 2020
NIGERIA BANKS HAVE DISREGARDS FG’S DIRECTIVE ON DEPOSITS BELOW N10,000

According to our correspondence, several investigations carried out has revealed that some banks are
violating this provision by charging N50 stamp duty for deposits below N10,000 into savings
accounts since February 1, 2020 when the bill took effect.

This practice was however abolished by section 54, subsection 3 of the Finance Act which states......Details at http://www.braintwitter.com/stamp-duty-nigeria-banks-have-disregards-fgs-directive-on-deposits-below-n10000/

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