Nigerians are to pay N50 to FG every time they receive money in our account
Nigeria can be a very stupid country sometimes ohh! The Federal Government has imposed a stamp duty of N50 on bank customers for money received into their accounts. This implies that every bank customer will henceforth pay N50 stamp duty for money received into their accounts through electronic transfer, cash and cheques. This directive was contained in a circular to all Deposit Money Banks and Other Financial institutions titled, "Collection and Remittance of statutory charges on receipts of Nigeria Postal Service under the Stamp Duties Act”. The circular in part
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