A Federal High Court in Asaba has declared as unlawful, illegal, null, and void the deduction of the sum of N50 as Stamp Duty charges from the accounts of commercial bank customers in the country.

The court in addition made an order restraining the Central Bank of Nigeria (CBN) and banks from making further deductions unless authorised by law.

Justice Nnamdi Dimgba made the declaration in a judgment he delivered in a suit filed by Mr. Rupert Irikefe, a bank customer, challenging the continued deduction of Stamp Duty charges from his current bank account domiciled with Zenith Bank in Asaba, Delta State...

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