NewStats: 3,262,709 , 8,177,920 topics. Date: Tuesday, 03 June 2025 at 10:46 AM 23651n

Demdem:
http://www.vanguardngr.com/2016/01/fg-imposes-n50-stamp-duty-on-bank-customers/
Read up. Come back to thank me later.

thank my ass! come suck my ass for that.

Tokt:


I knew I struck a nerve when I called ur wretched lineage out. Again I reinstate and bold to say that no one in ur household has ever acheived as much as I have.

PRIDE

Demdem:


U tell us and stop patronising me. Or u don't even know eh

Wetin u dey sell?

foriz4u:

I don't get u, how do u mean a non savings acct? isn't this supposed law applicable to savings acct, current and every other acct deposit? is it jus tailored to a single acct? oga educate me, u seems to. a schooler. is N50 not 5% of 1k?? oh u have not given it a close look b4 sha?? 5% on every 1000 of money u send to ur brother/sister, children cousines, frnds in school, and on evry mny that enters into ur acct evry single day. not pet month ooo guy, per deposite above 1k now think abt it, b4 the end of the month hasn't that gone drastically above the value added tax(VAT) and u r rejoicing, clapping ur hands in . don't worry when u start seeing how our politician start buying private jets, buying properties in Dubai, Paris, Canada n our new dead n povertarised NIPOST b d richest organisation in west Africa with little or no employment n poor services to nation pls don't ask how come o n don't complain.

http://www.cenbank.org/Out/2016/CCD/SCAN0001.pdf

You can read d circular. It does not applying savings . Neither is it 50 naira for every 1000. Its 50 naira for every deposit transaction above 1000 to a non savings

foriz4u:

thank my ass! come suck my ass for that.

Not unexpected from an ingrate just being tutored to cure his ignorance. Shame.

linusbnn:



Wetin u dey sell?

Oooo, I see, u can't think yet u criticised someone that can.

foriz4u:

I don't get u, how do u mean a non savings acct? isn't this supposed law applicable to savings acct, current and every other acct deposit? is it jus tailored to a single acct? oga educate me, u seems to. a schooler. is N50 not 5% of 1k?? oh u have not given it a close look b4 sha?? 5% on every 1000 of money u send to ur brother/sister, children cousines, frnds in school, and on evry mny that enters into ur acct evry single day. not pet month ooo guy, per deposite above 1k now think abt it, b4 the end of the month hasn't that gone drastically above the value added tax(VAT) and u r rejoicing, clapping ur hands in . don't worry when u start seeing how our politician start buying private jets, buying properties in Dubai, Paris, Canada n our new dead n povertarised NIPOST b d richest organisation in west Africa with little or no employment n poor services to nation pls don't ask how come o n don't complain.

Whom yoy quoted was right to ask you the question of how you could earn N xxxx when you cannot read.young man go back and read the CBN page on this issue.

easrael:
Early this morning, I read a directive by the Central Bank of Nigeria to all Banks in the country where it ordered all banks in Nigeria to start charging N50 on all transactions that are above N1,000 from ALL Nigerians.

Now, as many of us may now know this until the banks start charging it and they give you tons of excuses for it.
Here are three facts why THIS charge is a FRAUD in totality!

1. This charge is to be under a particular stamp duty which is illegal in banking transactions! At least, I know stamp duties are charged under postal orders and not on some bank transactions.

2. The number the money is to be remitted into (CBN NIPOST Stamp Duty Collection No 3000047517) is not the popular TSA number which was created as the ONLY Government transaction’s correspondence! What this means is that the Federal Government is as corrupt as anything you can imagine, using this scheme to deprive the middle class off their hard earned money!

3. This scheme of generating funds was not listed as one of the means to be used to generate funds this year in the 2016 budget! I have read the 1800 page document page to page in details that I can almost tell where a particular item is placed. You all can take the pain to read it too. This government never listed this means as a non-oil revenue making means.

What this scheme is scheduled to do is to suffer the middle class and the lower class in Nigeria to feed some greedy, corrupt and selfish upper class. Why hasn’t the FG set up a tax on luxury items which the upper class in our strata is entitled to?

There are so many questions begging for answers that, some of which many among us will avoid answering them. I’ll leave you with this: Do not ever think you’ll benefit from the N5,000 to be given to the unemployed people because it is strictly a Northern affair! That is where we have the poorest of the poor!


Salem

Israel Oladipupo Ogunseye tweets via @LadiSpeaks

this is why most people fail english language as a subject. Either you lack comprehension skills or you are trying to be truthful by half. The law exempts savings transactions. It only affects current operations. This law has been in existence since we started using cheque books. Then the post stamp charge was 50kobo (check your cheque book if you have one) and banks have been collecting this charges. The difference now is that the amount may have been lower. So, research more before spewing your ignorance on the web.

erico2k2:

Oga make I oil your thinking small. Ask ur relatives to open savings s only.

Please read the CBN circular very well. It did not state explicitly that savings s receiving deposits will not be affected. CBN will not be foolish to exempt savings s as there are now savings s that have all the features of current s except that the cheques on such s will not go to clearing

egbonnla:
Please read the CBN circular very well. It did not state explicitly that savings s receiving deposits will not be affected. CBN will not be foolish to exempt savings s as there are now savings s that have all the features of current s except that the cheques on such s will not go to clearing

Kia na wah sha. Look at what the guy above you wrote?;
I think you refuse to read the CBN directives.plz go and read it!!!it clear state it there. It's exemptions etc.

erico2k2:

If you transfer money from Nigeria directly unto someone's in the USA via wire they charge the receiver, did you k now that?

U don't get it. Dats btw 2 diff countries wit diff currencies. Dis is within Nigeria. Dey use same platform NIMBS. So y will u charge me for receiving wen u r promoting cashless economy.

If u must charge,y not do it based on percentage & not a fixed amount dat hurts d low income pple.

sniperr007:

U don't get it. Dats btw 2 diff countries wit diff currencies. Dis is within Nigeria. Dey use same platform NIMBS. So y will u charge me for receiving wen u r promoting cashless economy.

If u must charge,y not do it based on percentage & not a fixed amount dat hurts d low income pple.

%is worse trust me I live in a country who heavily ta. It's citezens

egbonnla:
Please read the CBN circular very well. It did not state explicitly that savings s receiving deposits will not be affected. CBN will not be foolish to exempt savings s as there are now savings s that have all the features of current s except that the cheques on such s will not go to clearing

Cos you fail to comprehend here a snap hope this is clearer

jumboo:


http://www.cenbank.org/Out/2016/CCD/SCAN0001.pdf

You can read d circular. It does not applying savings . Neither is it 50 naira for every 1000. Its 50 naira for every deposit transaction above 1000 to a non savings

lol... I think u confusing urself or don't rlly understand the context of that circular, u should rather go back n read it. the only exemption self to self deposite weather inter or intra transaction, look here...
"payments of deposits or transfer by self to self whether inter or intra bank; and any form of withdrawals/transfers from saving s;
It should be noted that these charges are only payable by receiving s".
I hope u get it now

easrael:
Early this morning, I read a directive by the Central Bank of Nigeria to all Banks in the country where it ordered all banks in Nigeria to start charging N50 on all transactions that are above N1,000 from ALL Nigerians.

Now, as many of us may now know this until the banks start charging it and they give you tons of excuses for it.
Here are three facts why THIS charge is a FRAUD in totality!

1. This charge is to be under a particular stamp duty which is illegal in banking transactions! At least, I know stamp duties are charged under postal orders and not on some bank transactions.

2. The number the money is to be remitted into (CBN NIPOST Stamp Duty Collection No 3000047517) is not the popular TSA number which was created as the ONLY Government transaction’s correspondence! What this means is that the Federal Government is as corrupt as anything you can imagine, using this scheme to deprive the middle class off their hard earned money!

3. This scheme of generating funds was not listed as one of the means to be used to generate funds this year in the 2016 budget! I have read the 1800 page document page to page in details that I can almost tell where a particular item is placed. You all can take the pain to read it too. This government never listed this means as a non-oil revenue making means.

What this scheme is scheduled to do is to suffer the middle class and the lower class in Nigeria to feed some greedy, corrupt and selfish upper class. Why hasn’t the FG set up a tax on luxury items which the upper class in our strata is entitled to?

There are so many questions begging for answers that, some of which many among us will avoid answering them. I’ll leave you with this: Do not ever think you’ll benefit from the N5,000 to be given to the unemployed people because it is strictly a Northern affair! That is where we have the poorest of the poor!


Salem

Israel Oladipupo Ogunseye tweets via @LadiSpeaks

l thought my s/western brothers with their consistent to this istration has another Nigeria different from the one we wailers are in,well the numbers of wailers are growing nation wide,whether u PDP oh or APC,na for same bank and same market we go use,better we fight for better Nigeria devoid of tribe,religion or party.

erico2k2:

Cos you fail to comprehend here a snap hope this is clearer

Read what you attached. It says any form of withdrawal or transfers from savings is exempted. It did not say deposit or transfer to savings is exempted. That is why I said it is not explicit unless CBN clarify further

erico2k2:

I agreebut I recon some Biz owners might have a provition to buy seals if they can afford it.Anyway I won't be affected as my is saving and I won't open a current in Nigeria not in 50 years we are not ripe yet.

Can u see your selfishness and myopic understanding? You can never grow(it is not a CURSE). Your reasoning is just too low for my liking. The mere fact that the directive said "SAVING S and transfers/withdrawals by self" are EXEMPTED made you to a broad-day light ROBBERY attempt by the FG. Because you operate a savings , isn't it? Can u just listen to yourself? So if tomorrow you want to do business, you would maintained an 'ORDINARY SAVINGS ' just to avoid a 'fraudulent stamp duty tax' which you can voiced your displeasure against NOW. Then how do you grow? And if tomorrow somebody wants to pay you by cheque, you will asked him to cash it, abi(BOYS STILL DEY OUT THERE)? And what give you the assurance that Govt will not extend the Tax to cover Saving s(in future) if the pilot stage go smootly? Moreover, I hoped you ed that some savings operates like Current? So if the Bank start deducting your money unnecessarily, DON'T COMPLAIN.

erico2k2:

Cos you fail to comprehend here a snap hope this is clearer

my guy stop confusing ur self and accept correction. d only exemption is when u pay or transfer money into into ur own bank by urself or u do a transfer from say, ur gtb to ur firstbank acct that's if the two acct r bearing the same name ooo...but if u send ur siblings or frnds or huz helps or coy or ur office pays in money into ur u will b charge 5% (N50) on every 1k deposited. I hope u get it now.
instead of coming back to quote me with counter attack I advice u tnk me for educating u ok

Demdem:


Not unexpected from an ingrate just being tutored to cure his ignorance. Shame.

a big Shane to the one who does not understand simple English. sorry is ur case. if u like counter quote me I won't rply. silent they say is best.

jumboo:


http://www.cenbank.org/Out/2016/CCD/SCAN0001.pdf

You can read d circular. It does not applying savings . Neither is it 50 naira for every 1000. Its 50 naira for every deposit transaction above 1000 to a non savings

what a shame, he even goes to bring a gun to shout himself in the leg. lol... my dull frnd pls go back n read that circular probably or read my explanation to ur fellow foolish mate "erico". or better still u can give any of ur siblings above 1000k now to go deposite for u then com back and tell me how far.

egbonnla:
Read what you attached. It says any form of withdrawal or transfers from savings is exempted. It did not say deposit or transfer to savings is exempted. That is why I said it is not explicit unless CBN clarify further

Plz read what #2 says.I'm sure you are as intelligent as U sound.

foriz4u:

lol... I think u confusing urself or don't rlly understand the context of that circular, u should rather go back n read it. the only exemption self to self deposite weather inter or intra transaction, look here...
"payments of deposits or transfer by self to self whether inter or intra bank; and any form of withdrawals/transfers from saving s;
It should be noted that these charges are only payable by receiving s".
I hope u get it now

Are you educated at all? Those transactions are exempted!

foriz4u:

a big Shane to the one who does not understand simple English. sorry is ur case. if u like counter quote me I won't rply. silent they say is best.

U sound like a coward. U can't even defend the rubbish u spewed out before chickening out. Oya, tell us the English u claimed I turned upside down. U are so pathetic.

Rolings:


Did you just ask what have been done with Vat? Whenever the federation s committee meet they share all monies that have accrued to government in a given month including vat. Don't just be showing your ignorance in an effort to paint the government bad. I see you and the Op are birds of the same feather .instead of seeking clarifications on things you don't know you go about wailling , don't blame you sha your party is not interested in Nigeria but their pocket.

I just left FIRS where I went to make tax returns sef..please can u enlighten me on how the tax has been used judiciously by past govt. .and for ur info I also voted heavily for Buhari

Tokt:
[s][/s]

Rubbish. Who is ur own dilector?
Again, if u are aggrived, go to court and lament there.
What the govt is doing is implementing existing laws and not creating new ones.

Can you tell me or tell us as we don't know where that law of stamp duty in bank transaction is? For me it is wrong and if for whatever reason you are defending this without thinking of the poor people it will seriously affect then you are doing a deservice even to yourself and country. This is not about partisanship now it's our collective survival. Please don't wrong things.

Demdem:


Oooo, I see, u can't think yet u criticised someone that can.

The only thing I hate in life is unfairness in anything. Speak the truth

linusbnn:



The only thing I hate in life is unfairness in anything. Speak the truth

U that know the truth, are u dumb that u can't voice it out? Continue to deceive ursef.

RELEASEUS:
Can you tell me or tell us as we don't know where that law of stamp duty in bank transaction is? For me it is wrong and if for whatever reason you are defending this without thinking of the poor people it will seriously affect then you are doing a deservice even to yourself and country. This is not about partisanship now it's our collective survival. Please don't wrong things.

Biko, can't continue to repeat myself for lazy souls not ready to read up. Go speak with ur lawyer to enlighten u about the act.
What poor people are u talking about? What and how many of ur poor people has current s?

Tokt:
Arrant Nonsense. We are looking for immediate ways to depend less on crude oil money and run the economy u are here talking rubbish.
If u aren't happy, go to court and Sue the govt.
Besides, what the govt simply did is an implementation of an existing law that was never enforced. It's not a new law.

all I will say is Apc should watch dia back cox 2019 is @d corner for citizen to remind them of
then they will av to tell us where d 50naira daily contribution is

DropShot:
OP, you goofed big time. The Stamp Act has been in existence since 2004 but not enforced.

FG's revenue has seriously declined and the govt is right to enforce all "enforceables" at this critical time.

Also, the CBN for the collection is the "collector" for such charges from where it will go into TSA.

Again, the charge is for receiving from a 3rd party. Not even from your in one bank to your other in another bank.

Patriotic citizens will not attempt to fault this step.

@DropShot,

You know what get NL moving? One idiot comes up with a brain fart, and other nincompoops follow. None of the bunch of ignorant retards had bothered to go look into the details of the Stamp Act. Even on Radio, there is sensitization, telling that it is not a new law, but just an enforcement of a law that had been in existence but our oil consumption craze made us overlook.

Proudlyngwa:


If you had read my post well,you wouldn't have missed the word REVIEW,
This is a law from last istration: yes, about to be implemented by this istration, It should have been reviewed or scrapped, because it is not people oriented and for now makes no sense.
FYI am pro this .

Bros,

"People-oriented" is not a prerequisite for enforcement of extant laws.

mapet:


@DropShot,

You know what get NL moving? One idiot comes up with a brain fart, and other nincompoops follow. None of the bunch of ignorant retards had bothered to go look into the details of the Stamp Act. Even on Radio, there is sensitization, telling that it is not a new law, but just an enforcement of a law that had been in existence but our oil consumption craze made us overlook.

Too many educated illiterates in Nigeria and especially on the social media forming they know something.