The Federal Government on Tuesday, imposed stamp duty of N50 on bank customers for money received into their accounts.
The development means that bank customers will henceforth pay N50 stamp duty for money received into their accounts via electronic transfer, cash and cheques.
The order was contained in a Central Bank of Nigeria (CBN) 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”.
