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Who Else Got Charged 50# As CBN Stamp Duty Fee? - Business (4) - Nairaland

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Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by emmygzy(m): 6:23pm On Feb 21, 2016
adipemcanis1:


No...it is a charge for not diversifying your economy effectively.

The stamp duty has always been there. When oil was above $100 per barrel....we did not need it.Now that it is below $35 per barrel....we need the cash.

Even when oil was high.....we should have been charging it. We are not a rich nation. It is Nigerians who think that we have money like Croesus.
were not a rich nation, and our poiticians are worth trillions of naira. Continue supporting illegality.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by mrnairaland1(m): 6:39pm On Feb 21, 2016
papparatzzi2013:
Why are we ll making noise at this time.

The Stamp Duty Act was passed in 2004, revised version was passed in 2009/10. Some people took the Act to court, up to Supreme Court and lost in 2012.

What were we all looking at for 12years before the implementation? it is high time we stop our lackadaisical attiude to governance and laws being passe by our lawmakers.

This is a major lesson for us.

Once a law is passed, government is duty bound to uphold it, no matter whose ox is gored.

My prayer point is the Lord that changed the story of moribund NIPOST overnight will change our stories too, From a Zero revenue generation institution, NIPOST suddenly became an institution that will be generating 2.6trillion per annum for govt. That is a miracle!!!
young man, if you read people's messages well, you will understand that their complaints is that they are being over charged. We all know the country is facing trying times as a result of previous government mismanagement or misrule and we need to generate revenue. But doing that we should not be over charged, get that straight.

1 Like

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by arabaribiti(m): 6:42pm On Feb 21, 2016
Am aware about the charges but am sure some banks managers and staff will enrich themselves cos 4k was paid into my account but instead of them revoming 200naira, 250naira was remove and a lot of robbers will show soon cos people will stop paying into their account imagine someone wants to send me 50k from ogun state I have to travel and collect the money so instead of losing 5k I manage to loss 3k but look at risk incase they collect it from me
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by generalJumong1(m): 7:05pm On Feb 21, 2016
arabaribiti:
Am aware about the charges but am sure some banks managers and staff will enrich themselves cos 4k was paid into my account but instead of them revoming 200naira, 250naira was remove and a lot of robbers will show soon cos people will stop paying into their account imagine someone wants to send me 50k from ogun state I have to travel and collect the money so instead of losing 5k I manage to loss 3k but look at risk incase they collect it from me



l


d stamp duty is only charged on every 1k and above,so if u expect 50k in ur account once, u can only be charged 50 naira on ur account. I wonder y u went all d way to Ogun state and spend 3k. sorry bro

1 Like

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by papparatzzi2013: 7:07pm On Feb 21, 2016
mrnairaland1:
young man, if you read people's messages well, you will understand that their complaints is that they are being over charged. We all know the country is facing trying times as a result of previous government mismanagement or misrule and we need to generate revenue. But doing that we should not be over charged, get that straight.

Youngman if you are truly over charged, call the attention of your bank to it OR have your lawyer defend your right.

What is hard in that?

Also, note that the effective date of the policies is Jan 15. Banks are just implementing the charges, but they will charge you from Jan 15 till date or else they are ready to pay penalties to CBN anf FIRS can even slam fines on them. They will rather go with charging you the accrued charges, than incur the wrath of the FG that is looking for revenue at all cost because their penalty will be worse than that of MTN.

The charges is not per every 1,000 but it is for every deposit transation that is above 1,000.

1 Like

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by macino1(m): 7:27pm On Feb 21, 2016
LordVoldemort:


Macinocomics I bow for you, you should be buhari economic adviser 1

Double hailings too. He can't pay oh. This one they are complaining of funds. Lol
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by ManirBK: 7:30pm On Feb 21, 2016
enieme:
I got a debit alert twice from my bank reading something like this-

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:17-02-2016 at 08:43 Details:CBN STAMPDUTY:21JAN2016/ S710820

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:19-02-2016 at 03:58 Details:CBN STAMPDUTY:03FEB2016

I don't know what the stamp duty is for and why I was only charged for the months of January and February when I've been using the account for a long time.
What aroused my curiosity more is the fact that the transaction was made simultaneously with just 2 days interval.
Fellow nairalanders, did any of you get similar message?
Yes me too from stanbic bank
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Nobody: 7:33pm On Feb 21, 2016
emmygzy:
were not a rich nation, and our poiticians are worth trillions of naira. Continue supporting illegality.

Well,we are not rich because

1.We rely on one stream of income.Rich nations and people rely on multiple streams of income.

2.By July 2014....we had saved $32bn.Meanwhile Saudi Arabia had saved $724bn. You do the math. (The difference is clear).

3.Rich nations have strong investments in innovation and technology....ie things that keep them rich. Poor nations just rely on selling raw materials....and then wasting the money earned by importing fininshed goods from the same nations they export to....at much higher prices. So...we lose money.

4. Which is why I do not support corruption....because they are stealing from an already poor treasury.

Nigeria is not rich. The road to riches lies with us getting rid of our dependency on oil.

2 Likes

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Nobody: 7:37pm On Feb 21, 2016
enieme:
I got a debit alert twice from my bank reading something like this-

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:17-02-2016 at 08:43 Details:CBN STAMPDUTY:21JAN2016/ S710820

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:19-02-2016 at 03:58 Details:CBN STAMPDUTY:03FEB2016

I don't know what the stamp duty is for and why I was only charged for the months of January and February when I've been using the account for a long time.
What aroused my curiosity more is the fact that the transaction was made simultaneously with just 2 days interval.
Fellow nairalanders, did any of you get similar message?
Next time, Tell anybody who wish to deposit into your account to put your name as the DEPOSITOR AND THE RECEIVER . Lobatan,ni Ogun 50naira oshoshu ba pari laye re( meaning you would never receive such dubious withdrawals anylonger) you can thank me later . What are friends for .
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by talktonase(m): 7:37pm On Feb 21, 2016
Goridoe:


[size=13pt]i was charged N50 four consecutive times making a total of N200 in just 4 days... im still amazed shocked i was thinking maybe due to a huge international deposit into my account but i was told that isnt the reason and i needed to complain... shouldda gone to the bank to complain but hands are really tied here... ajos dey look them..[/size].
This banks are quick to make deduction,slow in refunding you back when mistakes like these arise.If you dont complain now your account will soon become there ATM machine

1 Like 1 Share

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Nobody: 7:43pm On Feb 21, 2016
arabaribiti:
Am aware about the charges but am sure some banks managers and staff will enrich themselves cos 4k was paid into my account but instead of them revoming 200naira, 250naira was remove and a lot of robbers will show soon cos people will stop paying into their account imagine someone wants to send me 50k from ogun state I have to travel and collect the money so instead of losing 5k I manage to loss 3k but look at risk incase they collect it from me

Boss. Make you try the above method in my earlier post above .
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by rusher14: 7:56pm On Feb 21, 2016
adipemcanis1:


No...it is a charge for not diversifying your economy effectively.

The stamp duty has always been there. When oil was above $100 per barrel....we did not need it.Now that it is below $35 per barrel....we need the cash.

Even when oil was high.....we should have been charging it. We are not a rich nation. It is Nigerians who think that we have money like Croesus.

Tell them o!
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by olatpic(m): 8:01pm On Feb 21, 2016
Many Nigerians are yet to have a proper understanding of the N50 Stamp duty Act.

Read all the facts about the Stamp duty in 10 simplified steps here: https://www.nairaland.com/2942800/10-important-things-need-know

enieme:
I got a debit alert twice from my bank reading something like this-

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:17-02-2016 at 08:43 Details:CBN STAMPDUTY:21JAN2016/ S710820

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:19-02-2016 at 03:58 Details:CBN STAMPDUTY:03FEB2016

I don't know what the stamp duty is for and why I was only charged for the months of January and February when I've been using the account for a long time.
What aroused my curiosity more is the fact that the transaction was made simultaneously with just 2 days interval.
Fellow nairalanders, did any of you get similar message?
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Nobody: 8:35pm On Feb 21, 2016
Nawa for this country. why is it ordinary pple alwdays be at the receiving ends of bad govt policies.they want to generate revenue by all means at d espence of d citizens.pple surfer so much in d hand of govt.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by LordVoldemort(m): 8:46pm On Feb 21, 2016
macino1:


Double hailings too. He can't pay oh. This one they are complaining of funds. Lol

Of course he can't pay cos he knows the value of money. Should have applied during ineffectual bufoon regime, you would have had slice of dasuki yam
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by femliany(m): 8:52pm On Feb 21, 2016
Stanbic bank charges me 50 naira per withdrawal..by tomorrow God willing,i dey port to Access again
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Austinio: 9:04pm On Feb 21, 2016
ndeosi UBA charged me on my salary account
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by excel4us: 9:09pm On Feb 21, 2016
MY DEAR,AM A VICTIM OF STAMP DUTY CHARGE. I HAVE BEEN CHARGED TWICE JUST FOR 4K & 18K DEPOSIT SIMULTANOUSLY. I DID NOT BUY ANY STAMP FOR ANY LETTER OOOO. AM THINKING OF CLOSING THE ACCOUNT.THEY SAID IS CHANGE!
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by agentakins: 9:42pm On Feb 21, 2016
That Stanbic bank is a thief. They are the worst. They have the highest number of complaints. I have sent about three different mails to them concerning this issue. They keep spewing rubbish. Replying me with the CBN rules as if I told them I don't know about it. Every time I make transfer, they charge me the rubbish stamp duty.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by weezii(m): 10:05pm On Feb 21, 2016
when I was charged for this in January by diamond bank, I posted this online but no one seemed to care.

I guess e don reach everyone now.

where's the APC zombies
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Angrymode: 10:06pm On Feb 21, 2016
Me too ooooooo!!!!! My hard earned fifty naira just like that.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by EUGENE4GOO(m): 10:23pm On Feb 21, 2016
A college of mine was three times for recharging with USSD code on UBA. She said she charged #50 for #100. another #50 for recharging another #100 and lastly #50 for recharging #300. She was not aware of the #50 deduction for stamp duty until when she finished recharging before the alert came. I told her that the deduction was an error that she don't to be charged for recharging.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by chiedu7: 10:29pm On Feb 21, 2016
MORNDEW:

you can decide not to be meaningless with your comments it will do you moe good. Stop Tribalism.

No be B00hari dey practice Northocracy since?

Everything for the North

the South East has the Highest cut-off marks for entrance to things.
And yet we get the lowest allocations to anything.

look other have billions we only get N2 billion



Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Jacktech: 10:44pm On Feb 21, 2016
Since is 1000 and above I think de best tin to do is to waste their teller. If u wan deposite let say 5000naira. Fill de first teller 600naira second same, third same etc until it reach 5000naira. Shea dem wanna charge ppl waste their tellers
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by kay29000(m): 10:45pm On Feb 21, 2016
In fact, my story is a sorry case. I am very broke right now, and I divided my last 10k into two. I bought food stuff with 5k, put the 2k in my wallet for misellenious expencies, and deposited 3k into my GT account. Next I know, I got an alert with a debit of 1k for ATM renewal (I had totally forgeotten about that)...I almost cried. I was left with 2k. Next thing, I got another alert...debit of 50 Naira tax for the 1k ATM charges. cry I was left with 1,950 (more or less 1k). I was heart broken. I wish I had just put that money under my pillow.

1 Like

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by MORNDEW(m): 10:54pm On Feb 21, 2016
chiedu7:


No be B00hari dey practice Northocracy since?

Everything for the North

the South East has the Highest cut-off marks for entrance to things.
And yet we get the lowest allocations to anything.

look other have billions we only get N2 billion



wetin South East dey contribute to our economy? Did you vote or support Buhari?
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by chiedu7: 11:14pm On Feb 21, 2016
MORNDEW:

wetin South East dey contribute to our economy? Did you vote or support Buhari?


Innoson that is building parts for Nigerian Air Force is more than what ur zone is giving.

The allocations shows tribalism being perpetuated against the south-east.

****

As you asked if we voted for Buhari, shows we are being marginalized again.
We are being vitctims of tribalism.

So please dont stop us from leaving

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by chiedu7: 11:19pm On Feb 21, 2016
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by boldyy(f): 11:37pm On Feb 21, 2016
I was also charged ridiculously, first I was 300 naira for one silly account maintenance, and another 50naira for stamp duty on no transaction, na wa ooo, dis nah legitimate scamming.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by MORNDEW(m): 12:04am On Feb 22, 2016
chiedu7:



Innoson that is building parts for Nigerian Air Force is more than what ur zone is giving.

The allocations shows tribalism being perpetuated against the south-east.

When we say "Biafra", you say "One Nigeria"
The budget allocation shows you that one Nigeria is a myth.

As you asked if we voted for Buhari, shows we are being marginalized again.
We are being vitctims of tribalism.

So please dont stop us from leaving
who are these ur imaginary biafrans? Hope in ur usual weed induced map u did not add South south cos as you can see we love what we were given in that Budget.
Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by bennymark(m): 12:09am On Feb 22, 2016
enieme:
I got a debit alert twice from my bank reading something like this-

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:17-02-2016 at 08:43 Details:CBN STAMPDUTY:21JAN2016/ S710820

A debit of NGN50.00 occurred on your A/C XXXXXX. Date:19-02-2016 at 03:58 Details:CBN STAMPDUTY:03FEB2016

I don't know what the stamp duty is for and why I was only charged for the months of January and February when I've been using the account for a long time.
What aroused my curiosity more is the fact that the transaction was made simultaneously with just 2 days interval.
Fellow nairalanders, did any of you get similar message?


Have you been in Nigeria for the past monnth? I hope not, if yes then please try to listen/watch/read news more often

Re: Who Else Got Charged 50# As CBN Stamp Duty Fee? by Nobody: 12:37am On Feb 22, 2016
It would be much better to charge 0.5% on all transactions above N1,000.

So you pay N5 for transaction of N1000

N5000 for transactions of a N1million

N5m for transactions of N1bn

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